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We all like transparency in our office. This goes beyond the “My door’s always open.” It’s when a company lives up to its values, and willingly discloses financial information, goals, and level of progress. Why Transparency? Many studies have shown that transparency boosts morale for its workers, which is a self-fulfilling cycle of success. Enthused… Read more »

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Our recent posts have been about the benefits of funding and back-office services, very important for staffing firms. But we feel it’s time to focus on another way you can excel: A simple, compatible Applicant Tracking System (ATS). These “front-facing” programs will allow you to manage an influx of job seekers, respond in a timely… Read more »

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You’ve decided to look at financing sources. Maybe this is because of simple but crucial reasons, such as payroll, the life-blood of a staffing agency. Or maybe it’s because you’re a growing business and want to grow more, with an infusion of capital, whether it’s taking on more clients or expanding. Without proper funding, growth… Read more »

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It’s the old saying that an effective business needs to be lean and mean, but it’s also true. In staffing, watching your costs and margins is crucial to your success, and there are ways to do this while still staying competitive and yes … even growing. Your clients realize this. To make an analogy, they… Read more »

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OK, we’ve all been in partnerships in business or personal life where things just aren’t working out. While it’s easy and understandable to avoid change, it’s worth it in the long run to take steps to keep healthy … whether it’s you or your business. Which is why you may think twice about your current… Read more »

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As a staffing owner, you’re well aware of the payroll issues and the challenges peculiar to our industry. As you navigate financing opportunities, it’s wise to consider funding firms. Unfortunately, funding companies have had a reputation over the years for high costs. Is this true, or is it a myth? Frankly, it’s a myth, but… Read more »

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In this edition of Funding Myths, we are highlighting one that also is pervasive within the industry.  That is that funding firms are to be used as only a “last ditch” effort, whether to cover payroll gaps or to infuse cash for a sudden upsurge or downturn. It is true that a good funding company… Read more »

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It sounds like a good problem to have. Your staffing business is growing by leaps and bounds, clients are happy, and you’re in full hiring mode. Of course, for many staffing firms, business ramps up around the holidays and maybe you’re part of that. And growth is good. But it brings its own set of… Read more »

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It’s a great time to start up a staffing company. For example, staffing employment for the week of Aug. 7–13 increased to 96.74, reaching the highest value so far this year, according to the ASA Staffing Index. Temporary and contract staffing employment was 0.29% higher than the prior week, growing for the fifth consecutive week…. Read more »

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As you look at loans for your staffing firm, the good news is you have many options available. Let’s take a look at two of the more notable ones, SBA loans and payroll funding. Let’s start with the Small Business Administration loan program. This is referred to as the 7(a) loan program. The first step… Read more »