Generate revenue ASAP
Cash flow is the lifeblood of business, and is absolutely essential to feed bottom-line profits. So you need to find ways to jump start cash flow as soon as possible.
How do you do that? It’s important to realize that the direct placement business generates revenue slower than the temp or contracts segments of the Staffing and Recruiting business. It can take up to three months to generate income if you only specialize in direct placements. This takes into consideration the hiring process, time to hand in notice and the 30 days it will take to get paid after you invoice your client.
The Temporary or Contract Staffing segments of the profession hire faster and normally pay upon receipt of your invoice or within a relatively short time frame. Employers understand that you are paying the temp or contractor each week.
It is often a blended business model that generates cash fastest.