Two award-winning entrepreneurs from Portsmouth have launched a specialist recruitment company thanks to a Start-Up Loan.
After both completing degrees in Business Enterprise at the University of Portsmouth in 2012, 25-year-olds Josh Cole and Josh Simmons teamed up and set-up OneTap Promotions. The pair developed contactless business cards and went on to win the Theo Paphitis Small Business Sunday Award.
Last year, Josh and his business partner joined forces with David Gauld and launched their second venture, NewGen Technology, in January. NewGen Technology recruit technical experts and support staff for IT positions, from front-line support right up to functional heads and IT leaders.
Entrepreneur Josh Cole said: “I always knew I wanted to go into business. I like solving problems, especially if they’re technology-related, business can be a great platform for solving some of the big problems that we face today. With NewGen Technology we want to help as many talented individuals as possible to find rewarding jobs in IT. It hasn’t been easy for people looking for work over the last few years, but hopefully now that will start to change.”
A start-up loan with Let’s Do Business Group
The enterprising trio struggled in the early days, without the necessary infrastructure in place they couldn’t run the business in the way they needed to, to make it a success. After hearing about the Start Up Loans scheme, both Josh Cole and Josh Simmons approached the Let’s Do Business Group (LDBG) and applied for a loan of £7000 each.
“Without the help of a SUL we wouldn’t have been able to get up and running so quickly. It enabled us to purchase equipment, office furniture and services like job boards and CV databases,” Josh explains, “Our mentor Frank has been very helpful too. He provided a completely different perspective on our business and helped us to ask questions of ourselves that we wouldn’t have thought of otherwise. It’s great to have someone on-board that we can get advice from, somebody who’s been there and done it already.”
Since its launch, NewGen has hit the ground running with the business growing in leaps and bounds. This year looks set to be even better, the team is brimming with exciting ideas and plan to further improve the recruitment process through use of technology as well as planning to hire their first employee.
The SUL scheme is a government initiative aimed at giving fledgling businesspeople a helping hand via a low cost loan and mentoring support. The LDBG delivers the scheme throughout the South East of England.
If you’d like to find out more, or if you’re ready to fill out a Starting Your Enterprise form, follow the links below: