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Posts Tagged ‘how to start a staffing agency’
Invoice Factoring Fees: How Much Does It Cost?
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…
Read More7 Things Staffing Agency Owners Wish They Knew Before Starting Their Company
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…
Read MoreTop 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…
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 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 More10 Great Online Resources for Staffing Professionals
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…
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 Factoring Enables New Staffing Businesses to Thrive
The financial choices you make during the early stages of your staffing firm are critical to its growth, and among those choices is how to fund payroll. Your first instinct may be to look to banks as a payroll funding solution. But the long application and approval processes, many fees, and strict covenant requirements typical…
Read MoreHow to Start a Temp Staffing Agency in 6 Steps
Creating your own business may seem daunting, but staying organized and focused is key. Follow our six steps on how to start a staffing agency and you’ll be well positioned for future success. 1. Gain Staffing Industry Experience Too many people try to start their own company with little to no experience in the…
Read MoreHow to Price Your Staffing Services
Setting the prices for your staffing firm’s services can be tricky. Some of the costs that you need to cover are obvious — the pay rate of the worker, employer taxes (FICA, Medicare, SUTA, and FUTA), workers compensation, any benefits that are paid, plus overhead. But determining the remainder of the markup is difficult, especially…
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