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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Encore Funding Welcomes Craig Cohen as Director of Sales

Encore Funding, an alternative lender for the staffing and transportation industries, is pleased to announce Craig Cohen as the new Director of Sales. Craig is a highly skilled and inspiring thought leader, renowned for his entrepreneurial spirit. He excels in team building through effective communication, coaching, and strategic planning, while also possessing a strong financial…

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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

two people sit at a desk facing each other in a sun-lit office with a computer monitor in front of them a TV on the wall behind them.

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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