How Staffing Agencies Make Money in Their First Year

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New staffing entrepreneurs often wonder, “How do staffing agencies make money?” It’s a question new clients pose to us all the time. It may seem like you have to operate without a profit for several years while you grow your business, but this isn’t the case.  In the early stages of your business, consider actions…

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Invoice Factoring Fees: How Much Does It Cost?

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Invoice factoring is a financial tool that provides staffing businesses like yours with flexible financing options. Invoice factoring fees vary, as Tim Sardinia, our Executive Vice President, explains in his video below. Watch or read on to uncover how much invoice factoring costs and the extra benefits it offers compared to traditional financing.   How Much…

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7 Things Staffing Agency Owners Wish They Knew Before Starting Their Company

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What Staffing Agency Owners Wish They Knew Earlier  A staffing company is a rewarding business venture, but it can be a challenge to get started without the right information as a staffing agency owner. Many successful owners make common mistakes early on, like underestimating the power of factoring for staffing companies, and learning through trial…

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Top 6 Mistakes to Avoid When Starting a Staffing Agency

How to Start a Staffing Agency: Pitfalls to Avoid Early On  Whether you’re interested in how to start a staffing agency or you’ve already begun doing business on your own, congratulations and welcome! The staffing industry is multifaceted and intriguing. When you first start out, though, it can be difficult to know what mistakes you…

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How to Make the Most of Your Staffing Agency Business Partnerships

As a staffing agency owner, it’s important to get the maximum value out of your business partnerships. Ed Burr, Director of Client Growth & Strategy at Encore Funding, was featured on a webinar hosted by UZIO, a technology platform for businesses, to share vital information that all staffing agency owners should know.  Watch Ed and…

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What Do the Recent Bank Collapses Mean for Entrepreneurs?

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  The recent collapse of Silicon Valley Bank and Signature Bank are the biggest bank failures our country has experienced since the 2008 global financial crisis. These events raise serious questions about the decision-making by leadership at many of the nation’s larger banks. We need more time before the fallout can be fully measured. There…

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