Temp staffing employees are working in more and more occupations. How will you free up cash flow management to expand industries you serve?
According to the American Staffing Association, temporary workers are being placed in occupations ranging from day laborers to company CEOs. Because of this growing diversity, the temp services industry is also growing.
In 2001, here was the staffing breakdown:
- Professional / managerial: 20% of staffing services employment
- Technical: 6.4%
- Information technology: 9.3%
- Office, clerical, industrial: 50%+
As these percentages change, how will you take advantage of the new industries being served by temp staffing companies? Is your cash flow management holding you back from business growth?
If cash flow management is holding you back, there is a form of business funding that will free up cash flow: invoice factoring.
With invoice factoring, you receive fast cash based on your outstanding receivables. With receivables factoring, you take on no new debt and you can use your freed up cash to grow your business however you choose – including by providing your temp services to more industries.
For fast customer service – and fast cash – choose MP Star Financial as your receivables factoring company.
MP Star will provide your temp staffing company with the business funding you need to grow your business. Apply for business funding from your invoice factoring company online today or call us at 1-800-833-3765, x. 150.
