Acquiring Businesses? Time Matters (And So Does Your Funding Partner)

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Acquiring Businesses? Time Matters (And So Does Your Funding Partner) | Madison Resources

When acquiring other staffing agencies, time is of the essence. There are many moving parts involved in the process. You must look at the potential for growth, the quality of management of the selling and recruiting team, the degree of overlap with your own agency, and other areas. Timing also is a significant concern. Although…

Work on Your Business – Not in It

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Working in your staffing firm means handling day-to-day activities. This may include billing customers, paying invoices, and handling collections – which from your perspective are not the key value added services you should be focusing on. You should be focusing on selling and recruiting. Working on your staffing firm means focusing on how to improve…

Get Your Staffing Firm in Shape for Tax Season

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As a staffing firm owner and operator, you’re hopefully getting an early start on your tax process. Here are 6 tax tips we’d like to share with you. 6 Essential Tips For The Tax Season As a business owner, you know every dollar counts, especially during tax season, and that’s especially important in staffing, where…

6 Ways to Prepare for ACA Compliance by 2016

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If you were able to take advantage of the transition relief from the Employer Shared Responsibility under the Affordable Care Act in 2015, you need to get ready for full compliance of the Act by January 1, 2016. The bottom line is if you have 50 or more FTEs as of January 1, you will…

Do Staffing Sales Contests Boost Morale…or Kill It?

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Sales managers love contests. After all, salespeople are typically money motivated and competitive. What’s better to drive growth than a contest? Not so fast… Sales contests CAN be awesome for motivating your team, expanding your sales opportunities, deepening relationships with existing clients and improving margins. But they can also kill your culture. The problem with…

Industry News: What Q4 Could Mean for the Staffing Industry

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An industry-wide increase is expected. The staffing industry is projected to end the year on a high note, completing the year with seven percent year-over-year growth. The strongest sectors of the industry are forecast to be healthcare (17%), education (20%), finance and accounting (10%) and marketing/creative (10%). According to the American Staffing Association, Quarter 3…