Running a recruitment business is both rewarding and challenging. Recruitment business owners face numerous obstacles from finding the right talent and managing client relationships to handling economic fluctuations and staying compliant with regulations. However, with the right strategies,
In the fast-paced world of recruitment, agencies face numerous challenges that can hinder their growth and efficiency. Managing finances, back-office operations, and various recruitment systems often consume valuable time and resources that could be better spent on core
How can smaller agencies effectively contend amidst the dominance of prominent national and multinational players in the recruitment landscape? In 2012, the count of active recruitment businesses in the UK stood at 12,500. Fast-forwarding to the present day,
Recruitment Finance: There is another way. Less than one in ten (9%) of small businesses submitted applications for financial assistance during 2022. Marking the lowest percentage since the inception of SBI records. Simultaneously, the percentage of applications approved
The benefits of using alternative finance to fund your recruitment business. In 1996, Jerry McGuire captured a spirit that has continued to resonate to this day. “Show me the money” is the 25th most frequently quoted movie line
The Significance of Tailored Services in Recruitment Funding. Invoice financing offers a lifeline to your temporary agency by providing a cash advance through the early release of funds from outstanding invoices. This holds immense value for businesses seeking to
Recruitment Finance Terminology You Must Familiarise Yourself With Understanding the language of accounting and finance can be challenging, especially if you’re launching a recruitment agency for the first time. In this blog, we’ll highlight essential recruitment finance terminology
Why finding the right growth partner is so important… The year 2022 was a significant moment in the UK recruitment industry. Despite a tumultuous socioeconomic and political environment, the sector again displayed its resilience, with another year of
If you’re a business owner, the chances are that the one thing making you nervous more than anything else is when you will be paid. Whether you’re billing £1,000 or £1 million monthly, it doesn’t matter. It means
As a business owner, you may occasionally come to a point where you notice your business is stable but, unfortunately, not growing. We all know growing your business is difficult, let alone with all the current climate challenges.