Tips for Growth Through Partnerships

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In my last post, I discussed several challenges staffing firms face. Here, I address planning for growth through partnerships — focusing on business strengths and building around ...

Top Challenges Facing Staffing Businesses

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Ensuring Legal Compliance Can Be Costly With employment heavily regulated by federal and state laws, understanding legal implications is vital and ensures businesses don’t make costly ...

Late Payments and Long Payment Terms: How to Manage the Risks and Improve Your Cash Flow

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Staffing firms, especially those working primarily with large corporations or with a high concentration in one or two customers, can find themselves in a cash crisis when waiting out ...

Finding a Finance Firm to Help You Thrive in the Gig Economy

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The gig economy emerged in the wake of the recession 10 years ago when high unemployment made temporary workers easy to find. Employment conditions have changed considerably since then, ...

How Businesses Should Plan in an Uncertain Economy

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In the month since the inauguration things have been rather chaotic. Business dislikes uncertainty which makes it hard to plan for the future with any degree of confidence. With a conservative ...

Staffing Financing Made Easy

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With the upturn in the US economy, staffing is on every business owner’s mind. Qualified workers are scarce, especially in some states, and the aging population doesn’t help the ...

Debt Doesn’t Have to be Part of Your Growth Strategy

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While the concept that businesses need funding to grow isn’t anything new, the idea that a successful growth strategy doesn’t have to involve taking on debt often seems to be. ...

Staffing or Banking? Which Business Do You Want to Be In?

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Would you run a fast-food restaurant in the lobby of your office? How about a machine repair shop? The answer is simple: you wouldn’t. So why would you become a bank by allowing your ...

Financing Options to Help Your Staffing Agency

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Are you looking for a way to fund your payroll? When you do not have the money to pay your staff, you may think that traditional lines of credit from the bank are your only option. ...

Tips on Accounts Receivable Management

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Paid receivables are critical for a staffing business. However, sluggish past due accounts can cripple a staffing firm’s cash flow. Here are some basic pre-collection tips for managing ...
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