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Posts Tagged ‘payroll funding’
What 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 MoreRecourse 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…
Read MoreHow to Price Your Staffing Services
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.
Read MoreCash Flow Challenges for Staffing Agencies
All businesses obviously need cash, but a staffing business is ven more unusual with their cash needs. Our clients don’t feel any of the pinch of being with a regulated lender with excessive red tape and compliance issues to access capital. We make it easy to get funding. Learn more about our funding solutions…
Read MoreWhy Work with Encore Funding?
When you work with Encore… You gain a team of advisors that believes in YOU – your business, your vision and your potential. As a company that’s wholly dedicated to the staffing industry, we’re proud to support businesses that help millions of people make a living every single day. Learn more about our team of…
Read MoreFull-Service vs. Money-only Payroll Factoring
Payroll factoring is one of the most popular types of business finance. Within that, there are two types of factoring: money only and full service. Money-only invoice factoring provides strictly payroll funding. You process your own paychecks, print your own invoices and file and pay your own taxes, while the factor delivers cash to cover…
Read MoreCreating a Business Plan for Your Staffing Agency
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…
Read More5 Points to Cover in Your Staffing Agency Business Plan
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…
Read MoreHow Full-Service Payroll Funding Helps New Staffing Firms Grow
The financial decisions you make in the early stages of your staffing firm have a direct impact on how quickly, and how sustainably, you can grow. One of the most important is how you choose to fund payroll. For many new firms, the first instinct is to look to traditional financing. Banks, however, often require…
Read MoreHow to Start a Staffing Agency in 6 Steps
Starting your own staffing business may seem daunting, but I’ve seen plenty of new entrepreneurs succeed by following a few key steps. In general, you’ll want to focus on organization and ensuring you have the time to fully commit to your new endeavor. I would pass that advice along to any aspiring business owner, but…
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