Unlock the Power of Accounts Receivable for Your Staffing Company

Accounts receivable

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…

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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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Recourse vs. Nonrecourse Payroll Funding for Staffing Companies

You may already know that payroll funding is when a funding provider like Encore Funding advances cash against your outstanding invoices. However, it’s important to understand the two main structures, recourse vs. nonrecourse payroll funding, before deciding how to manage your staffing firm’s capital needs. Read on to learn the key differences between recourse and…

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Governmental Requirements to Start Your Own Staffing Agency

Government regulations for starting a 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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How to Write a Staffing Agency Business Plan: 5 Essential Sections

learn how to write a staffing agency business plan

A business plan is a living document that can change as your company grows and should be updated as necessary. There’s no right or wrong way to write a business plan; however, there are several key elements that all staffing companies should have in place as a guide to keep the business focused. Here’s how…

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