4 Counter-Intuitive Strategies to Grow Your Staffing Agency
You want to grow your staffing agency, but how? Sometimes the most obvious strategies aren’t right. Likewise, sometimes the best methods of growth are the least obvious. Here are 4 counter-intuitive strategies you can use to grow your staffing agency!
- Engage with your competitors. “The whole is greater than the sum of its parts” applies to competing staffing agencies as well. Despite competitive rivalries, you could actually accomplish more by finding ways to temporary pool your resources and efforts to increase business for everyone.
- Embrace unknowns. Sticking only to things that you’re sure of is safe, but ultimately won’t get you much growth.
- Focus on improving your weaknesses instead of just supporting your strengths. As we wrote here, although shifting your weaknesses to the forefront might be difficult and embarrassing, in the long run companies that have paid attention to and improved their weaknesses will be much more successful.
- If you need funding, don’t go with a bank-loan! Invoice factoring is much better. Not only is invoice factoring for staffing easier to use and get approved for, and is more flexible, than a bank-loan, but invoice factoring is also the only type of funding that grows as your business grows. Additionally, you can factor your invoices repeatedly without having to re-apply, unlike a bank-loan. This means you can use invoice factoring to secure a permanently strong cash flow for your staffing agency.
Learn more about invoice factoring for startups to see if it’s a beneficial financing option.