Three ways Recruitment Agencies can ease cash flow issues
You will now be aware that in these challenging business times, getting a grip on your cash flow can help navigate your post-pandemic Recruitment business.
Whatever the changes that may be happening in your business, first establish the facts; ‘Where is your business at now?’ Plan carefully, and don’t forget to include the impact of any deferred tax payments.
Your business model could now be facing a complete overhaul. Here are 3 things to consider to help ease cash-flow worries;
Negotiate retainer fees from clients. This will help bridge the gap between placing the candidate and getting paid.
You may be a perm now considering moving into the temps market… Or a Recruiter who is reliant on cash reserves finding these now depleted and considering using a finance company. A note of caution, when deciding which finance company to use, read any terms and conditions very carefully.
Get better processes in place. The downtime you may have been experiencing could be a good excuse to explore new technology and get business chaos into order.
For help with cash flow planning and getting your business in order, book a 10 minute chat with us…
In our initial chat we will;
Identify your current business worries and frustrations
Establish if our proven methods can help your Recruitment business
If we believe we can add value to your business, arrange a longer call to develop an action plan