M.A.D. in a MOEMENT
Doug Monro & Andrew Hunter <br/>Adzuna Doug Monro & Andrew Hunter
Adzuna

"People matter – your investors, your co-founders, your team. Surround yourself with great people who you trust, and treat them well."

Doug MonroDoug Monro  

Where did your personal inspiration, entrepreneurial/leadership purpose come from – what shaped your views?

My parents were entrepreneurs in many ways, sailing from Canada to the UK to start a new life here in the 1960s.  My father, despite being a university professor, started a number of small businesses outside of his core job.   As a teenager I started businesses or took on jobs to make money.  So I guess I had the gene, and the 90s ‘bubble’ attracted me to the world of the internet.

What’s the purpose of your organisation?

Adzuna was born out of frustration with the current ways of finding a job, house or car online.  There are too many fragmented websites, life would be easier if everything could be found in one place and connected up with your social network – which is what we now do.  At Adzuna, as at my previous businesses – eBay, Gumtree and Zoopla – we are using technology to make it easier for people to find the things that matter to your life.

What have been your critical lessons learnt along your entrepreneurial journey?

People matter – your investors, your co-founders, your team.  Surround yourself with great people who you trust, and treat them well.

Execution matters – if you have five competitors doing the same thing as you, you can still win if you execute better than them.  Luck has nothing to do with it.

What are the characteristics that in your experience entrepreneurs require now and in the future? 

  • Creativity – to develop new ideas and to find solutions
  • Persistence – to not give up easily on things you believe are possible, from the big to the small
  • Work ethic – the ability to work harder and be more focussed than competitors with greater resources
  • Can-do attitude

What would be your 5 top tips for purposeful entrepreneurs?

  • Do something you believe in.  If you stop believing in it, it’s time to do something else.
  • Do it with people you like.  Then you will enjoy it.
  • Understand and manage risk.  What personal risks can you afford to take?  Is this decision a bet-the-business one or a small one?
  • Prioritise and don’t waste time.  Do the stuff that matters – at work and outside.  Ask for help on stuff you’re not an expert on – find someone who is.
  • Never wear a suit if you can help it.

 

"Surround yourself with smart, positive, passionate people. It makes the journey so much more fun, and less stressful!"

Andrew HunterAndrew Hunter

  1. Where did your personal inspiration, entrepreneurial/leadership purpose come from – what shaped your views? 

I get quite a bit of my entrepreneurial spirit from My Dad and my older brother. From a young age, my Dad always taught me the importance of “hustling” and never giving up, I think quite a bit of what he taught me inspired me on to start my own business. My brother is a fellow dotcom nerd and being able to bounce ideas off of him for the last couple of years definitely made me more confident in my decision to become an entrepreneur. I also grew up in California (and spend a good deal of time there now), so maybe they put something in the water there…  

What’s the purpose of your organisation?

Our aim as a business is to make it easier for people to find the perfect job, car or house locally and online. Doug and I have been working in the local classifieds space for about 8 years now and we feel well positioned to build the biggest (and best) classifieds search engine in the world. That’s our aim!

What have been your critical lessons learnt along your entrepreneurial journey?

  • Don’t be afraid to get something out there and into the public domain early on (even if it’s not perfect). Being precious about your product / concept is a big “no, no” – feedback from relevant, honest people (not just your Mum) at an early stage is absolutely critical. 
  • Team – Don’t settle for “B team” developers. Be patient and search far and wide for the best and most relevant developers to your project. Bootstrap, but don’t be too cheap. 

What are the characteristics that in your experience entrepreneurs require now and in the future? 

  • Thick skin, fire in your belly and a “never say die attitude”
  • Experience – Knowing your industry and being passionate about the space you’re operating in is critical. If you don’t like planes, don’t start an airline etc.
  • Willingness to be agile, move fast, break things along the way

What would be your 5 top tips for purposeful entrepreneurs?

  • Surround yourself with smart, positive, passionate people. It makes the journey so much more fun, and less stressful!)
  • Test the market before you jump in with both feet. Make sure you have some proof that your concept has legs before you invest your life savings.
  • Find a decent co-founder who is as passionate about the mission as you are.
  • Spend less time at conferences, entrepreneur coffee mornings and networking beers and more time building the product.
  • Prepare your wife, girlfriend, partner for the journey ahead. Get them into what you are doing (and warn them that you might be working late every now and again!)

Doug Monro & Andrew Hunter

Co Founders

www.adzuna.co.uk

flora@adzuna.com

 

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