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 Price Your Staffing Services

How to Price Your Staffing Services header image with Joel Adelman headshot

We’ve helped hundreds and hundreds of independent staffing agencies with different pricing structures to position them for growth. When you work with Encore Funding, you get funding and strategic consulting on how to grow your business the right way. Learn more about our strategic services. 

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Creating a Business Plan for Your Staffing Agency

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A business plan is the blueprint you follow to build your company. It outlines all of the major aspects of the business and keeps its architects — you and your business associates — focused and aligned. But a business plan is also a document you’ll use as you work with other critical stakeholders, including funders, vendors and…

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10 Great Online Resources for Staffing Professionals

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From reviews on recruiting software to reports on market trends, payroll and labor management, the online staffing community is vying for your attention. Industry analysts and news sites can keep you abreast of trends. Personal blogs and stories “from the trenches” provide opportunities to network – and learn from your peers. So, where should you…

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5 Points to Cover in Your Staffing Agency Business Plan

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Your staffing agency business plan is your blueprint for success, whether you are starting a staffing agency or planning for expansion. Not sure where to start? Here are the five key points to cover when creating your staffing agency business plan. Write your elevator speech. You should be able to describe your new company to your…

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