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Creating a Winning Business Plan for Your Staffing Agency: Key Components and Best Practices
By: Craig Cohen, Director of Sales A Staffing Agency Business Plan is the Foundation for Success I’ve been in staffing for decades, and I’ve seen how a strong staffing agency business plan can set staffing entrepreneurs up for success. In a competitive market, your business plan serves as both a roadmap and a strategic tool…
Read MoreA Month in the Life of an Encore Payroll Funding Client
By: Kim Joyce, Director of Client Services Introduction to Payroll Funding As the Director of Client Services at Encore Funding, I see firsthand what it’s like to be a payroll funding client. Every day, our mission is to help staffing entrepreneurs overcome challenges with the funding, expertise, and support they need to grow. Whether you’re…
Read MoreIT Staffing Companies Payroll Funding: Tackle Growing Demand Head On
In my time at Encore Funding, I’ve seen firsthand the unique challenges that IT staffing companies face in meeting increased demand for cybersecurity talent. The need for skilled security experts has never been higher, as businesses across every industry scramble to safeguard against escalating cyber threats. This represents a major opportunity for IT staffing firms…
Read MoreIs Your Factoring Company Too Big? Signs It’s Time to Switch Funding Companies for Staffing Agencies
In the fast-paced staffing world, having the right financial partner can make all the difference. But how do you know if your current factoring company best fits your agency’s needs? Let’s explore the signs that your factoring company might be too big and why considering alternative funding companies for staffing agencies could be a game-changer…
Read MoreFinancial Sustainability: The Key to Success for Home Healthcare Staffing Agencies
Home healthcare staffing agencies face unique challenges that can make or break their financial sustainability. As a staffing entrepreneur, you’re often up against hurdles like operating in a highly regulated industry, lengthy documentation requirements, and long payment terms on invoices. These challenges don’t have to define your financial sustainability! Read on to explore how…
Read MoreInternational Factoring Association Announces New Board Members
For Immediate Release International Factoring Association Announces New Board Members SAN LUIS OBISPO, CA, July 9, 2024 – The International Factoring Association (IFA) is proud to announce four new members have been added to the IFA Advisory Board for a two-year term. The Advisory Board plays a pivotal role in the IFA’s operations, offering strategic…
Read MoreCase Study: Payroll Funding & Personal Attention Achieve Major Results
Solutions to Employee Turnover: Strong Partnership With Your Payroll Funding Lender When high employee turnover and lackluster payroll funding service collide, where do you turn? One light industrial, general and administrative staffing firm wasn’t given the guidance or support to overcome these challenges with their previous lender. They found themselves in a tough situation. …
Read MoreUnlock the Power of Accounts Receivable for Your Staffing Company
Accounts Receivables: What You Need to Know Accounts receivable (A/R) isn’t just a financial term; it’s the lifeblood of your staffing company. A/R is the money your customers owe you for the services your employees have provided on credit. Let’s dive into A/R and break down its complexities into manageable, essential components. Build a Solid…
Read MoreWhat Is Invoice Factoring and How Does It Work?
As a staffing entrepreneur, you may wonder, “What is invoice factoring?” Craig Cohen answers this, plus insights on whether it’s right for you.
Read MoreGovernmental Requirements to Start Your Own Staffing Agency
When I talk with staffing entrepreneurs about how to start a staffing company, the first questions are usually about finding clients, choosing a niche, or picking software. Those are important, but the truth I share right away is that the biggest early wins come from getting your government and compliance foundations right. Common misconceptions I…
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