A staffing agency can be a very lucrative business, especially if you’re able to manage a critical need: cash flow.
That’s usually the biggest challenge when you’re overseeing a staffing agency. You’ll need consistent access to funds to pay full-time employees who play a critical role for your business. The problem is you typically have to wait 30, 60, or 90 days before your customers actually pay their bills.
If you own a small business, you need working capital financing to keep your daily operations chugging along.
Yet, before you try to secure funding, let’s back up and take a closer look at what working capital actually is and how it can help your business.
With the recent controversy surrounding Facebook and its CEO Mark Zuckerberg, you may be thinking that the social media giant is on the fast track to becoming irrelevant—but not so fast!
For small businesses, Facebook can be an effective platform for reaching out to and engaging with customers.
Money will likely be one of your biggest challenges when you start a small business. And it will continue being a major concern as you try to sustain and grow your company.
Here’s the good news for small business owners and entrepreneurs: banks aren’t your only options when it comes to financing. You now have more choices, whether you’re searching for funds to address cash flow gaps, or to expand your business.