News

“They share any information that’s available concerning our business or things that might affect our business. And I think they also are very effective in helping you understand why you need to look at things differently if you’re not looking at them the right way.
- Tanya Henry, Executive Director, Milwaukee Careers Cooperative”

We are constantly on the alert for all the latest industry news, legislative updates, trends and more that could possibly impact your staffing business. Our president and CEO, Julie Ann Bittner, also shares her insights on the staffing industry in her message (link below). And when we don’t see information about a topic we feel is critical for you to know, we create it ourselves to share in our monthly email.

Press Room

Integrity: How does your funding provider measure up?

Integrity.

It’s something you’d naturally expect from any company you work with. Unfortunately, being forthright, professional and honest isn’t always standard operating procedure these days.

When you’re dealing with something so critical to your staffing company as funding, it’s imperative that you know your dealings with that company will be professional and honest.

If a funding company isn’t upfront about true costs, services or what they will or will not do for you, the relationship can deteriorate quickly. You may find yourself in a position where your bottom line is negatively impacted, as is your ability to service your customers or grow your business.

The sales process isn’t always indicative of how a relationship will play out once the contract is signed. So, how do you know if a prospective funding provider has integrity and shares the values you feel are important?

It can be hard to get a feel for how a company operates and treats its clients before you actually do business with the company. So, how do you determine that BEFORE you sign a contract?

We’ve outlined three traits to look for:

2011 Executive Forum

There’s still time to make your plans to head to Miami at the end of February.

The 20th Annual Staffing Industry Analysts Executive Forum is this February 28th – March 3rd at the Fontainebleau Resort in Miami Beach, Florida.

Executive Forum is a great opportunity for staffing company executives from around the country to gather and learn about strategic issues, developing trends, future opportunities and current challenges in the staffing industry.

Among this year’s topics are discussions on industry innovations, technology, legal issues and legislation, growth strategies, increasing profitability and more.

Executive Forum provides the perfect forum to focus on strategic goals for your staffing company’s future.

Looking Beyond The Bank Line of Credit

Looking Beyond The Bank Line of Credit:

The Truth About Asset Based Lending For Growing Staffing Companies

Economists have declared the recession over.

Tell that to small business owners throughout the country still struggling to receive the credit they need to grow their businesses.

A recent article in Crain’s New York Business entitled “Why can’t these companies get a bank loan?” revealed that access to capital is the number one business issue for half of the private companies nationwide. They found that banks are still being extremely cautious with their credit for small businesses, approving only 20 to 30 percent of small business credit applications.

For example, at Wells Fargo, loan decisions are generally based on cash flow plus collateral. Most small businesses’ cash flow has declined, and real estate values have dropped significantly.

Many small businesses are turning to credit cards to make up the difference. However, credit cards are becoming a less reliable and costlier source of start up and operating capital. Small businesses were not covered in the recent financial reform bill that tightened restrictions on the fees and interest credit card companies could charge consumers.