Bay View Funding Blog

The demand for temporary staffing is on the rise, but how do you go about getting the qualified candidate for a temporary position?

We have discussed the challenges temporary staffing agencies face, and expounded upon the best ways to keep the cash flow flowing, so your business remains in the black, but no matter how you cut it, having qualified temporary staff to call upon is a vital component to the success of your company.

In her excellent blog, Subadhra Sriram, Editorial Director of Staffing Industry Analysts, states that it is the war for talent that is fueling the necessity to market to the temporary worker. She writes, “staffing firms more than ever need a strong case to present to the worker.” The blog discusses how important it is that you represent not only your brand, but also the brand you are working for (your clients) to those people you are trying to recruit to fill the temporary positions. If your temp is happy, the general consensus is that the client will also be happy and return to you to fill more temporary positions.

Does earlier access to your working capital each week, so you can fund payroll, and ensure you pay your staff on time, sound good?

Are you tired of juggling balls in the air scared you won’t make payroll every week?

You may be tempted by some of the new funding options popping up everywhere, but exercise caution before jumping in to the first offer in your in-box.

Are you faced with more than just worrying about getting a load delivered on time? And not just juggling the finances, but concerned about paperwork and the administrative burden? Freight factoring may hold the key.

Building upon recent posts concerning cash flow, it seems that many companies are still taking longer than ever to pay their invoices. This is a dilemma for small businesses waiting on invoice payment to effectively cover operating costs.

Even though the economy is slowly recovering, many large corporations are still pushing smaller suppliers into long payment cycles of up to 90 days, threatening to back out of deals or find new sources if their demand for a 90 day payment cycle is not accepted. This can simply not be viable for some small businesses that do not have the sway to delay payment to their suppliers.

 Before we launch into the benefits of factoring your accounts receivables, let’s revisit a few ideas that may help the payment process along.

Warning! You are about to read a blog following a negative question! Can invoice factoring be bad for business? Read on.