Is it a risk to start a recruitment business in 2023?
Let’s start off by acknowledging that seemingly every year brings about new challenges, new dramas and new potential concerns and anxieties about the state of business and the state of the world! 2023 is no different. No pandemics or Brexits or new wars on the horizon [we hope], but instead the media is warning at […]
Admin Can Make or Break an Agency – the DANGERS of using traditional finance vs Quba Solutions
“Know your Apples from your Onions!” What can go wrong for your agency from using a traditional factoring solution? We are asked all the time, what do we do that factoring doesn’t? What are the differences? Well strap in, because here are some pretty important things to consider, all of them pointing to the age-old […]
What is Your Nightmare Client COSTING You?
Running a successful business doesn’t just rely on your ability to win new work and new clients; it relies on dropping clients too. Letting go of work may sound counter intuitive, but it is so often a fundamental key to a business’ success. You wouldn’t believe how many customers we’ve seen running temp desks at […]
Frequently Asked Questions: Transferring Funding Providers
Why would you change funding providers? There are a few reasons that you may consider switching your current funding provider, here are some of the main ones: Your current deal is not cost effective. It’s no secret that you need to pay your invoice finance provider for their services with a percentage of each invoice […]
Does your Funding Provider Actually Understand your Business?
We have plenty of options in the recruitment world for all of our service providers, in most cases. Most funding providers out there in the market offer traditional finance solutions – they simply fund companies and generally have an outdated, often very rigid approach in doing so. We hear stories all the time of the […]
Understanding debt and how it’s crucial to running a successful recruitment business
Here are a few of our key factors that are absolutely essential in reducing your exposure to debt and managing its performance.
When to transfer funding provider
If your contract is coming up for renewal in the next six months and you're debating whether to transfer from your current funding provider, here are a few key elements that are worth considering with serious thought.
Q & A: How to change recruitment funding provider
In reality, the transfer of debt from one provider to another is a straightforward process so long as all parties involved follow the correct processes.
Recruitment funding: Factoring vs Discounting?
There are many finance options available to small businesses, it can be a little over-whelming and on the face of it, can seem complicated. Recruitment agencies tend to have two main options for funding the temp element of a business: invoice factoring and invoice discounting.
Reasons why you may look to transfer your recruitment funder
Change occurs and there may come a time where you are looking to move to a different recruitment funder. Here are some of the reasons why businesses may move recruitment funders:
Keeping on top of cash flow
Many recruitment businesses fail not because their business plan isn't sound or their consultants aren't good enough at bringing in the work, but because they fail to effectively regulate cash flow.
Essential factors for business expansion
Setting up a recruitment agency requires tenacity, patience and a drive to succeed but what happens when you want to grow the business to take it to the next level?