5 Things You Never Knew About Invoice Finance

The fact that contract placements depend on the candidate being paid by the agency before the client makes payment means there is a strong market for Funding For Recruitment Agencies.

However, if your own organisation has previously considered invoice finance only to dismiss it on the basis of certain misconceptions, it’s worth bearing in mind some of these often overlooked facts about invoice finance.

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1 It’s widely used by recruitment agencies

Research indicates that more than a sixth of recruiters are using some form of finance against their sales invoices, which equates to 20 times the national average of businesses across the sectors. With companies like TBOS also on hand to assist your business with its invoice finance set up, it’s now a very much mainstream source of funding for recruitment agencies.

2 You don’t necessarily need to give personal guarantees

While invoice finance providers often ask for personal guarantees, depending on the circumstances, they may limit the value of them or simply accept a fraud warranty. The latter means that you will only be liable in the event of committing a fraud.

3 It’s more affordable than you might think

Even the expense of funding against all of your invoices for a year can be as low as 2,000 or so, or you could always just select and pay for whatever individual invoices you would like to have funded. There doesn’t necessarily need to be any obligation to fund further invoices.

4 Even a bad credit history need not be a barrier

One of the best things about invoice finance for recruitment agencies is that it is the strength of the firm’s sales debts that determine eligibility. That means a poor credit history is less important to an invoice finance provider than your agency raising simple, straightforward credit invoices to customers, provided there is some guarantee for payment such as a signed timesheet.

Invoice finance specialists tend to look favourably upon recruitment agencies, given that they usually produce good quality receivables. Not only are the underlying transactions simple, but evidence is also provided by a clear audit trail, such as signed timesheets.

5 Both big and small agencies can use it

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While you may have imagined invoice finance to be a form of funding for recruitment agencies that have been around for a while and reached a certain size, there’s no minimum size that your business needs to be if you wish to take advantage of it now.

Given that some invoice finance providers give you the option to raise finance against invoices valued at just a few hundred pounds, you might wish to try it out now – not least when you also consider the great numbers of recruitment agencies that have used it to aid their growth.

What to Look For When Finding Freelance Projects

As a seller of freelance services, it can be quite challenging to maintain a steady flow of freelance projects coming your way. Cutthroat competition and relatively low entry levels make freelancing all the more exciting and interesting.

Such a nature of the gig economy demands a lot of creativity from a freelancer to not just survive but also to wade through the turbulent waters of freelancing successfully.

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Freelance job opportunities are mind-bogglingly many yet landing even a single gig can be tough for even an expert freelancer. Freelancing is not for the fainthearted, because you’ve got to endure frustrations after frustrations. However, finding freelance projects doesn’t have to be that difficult.

Don’t despair, for if you know how and where to look, there would always be lots of freelance projects for you.

In this article, you’ll learn some tricks of how to unlock these hidden gems.

1.Set up Google Alerts About Freelance Jobs

You can visit Google Alert and set up an alert for incoming freelance gigs. When search results for your search queries change, you’ll receive an email notification. In that way, you’ll be able to keep tabs on any new freelance project that crops up when you’re not around.

For example, you can set up an alert by entering the search query ‘freelance iOS developer wanted’ if that’s the gig you’re looking for.

2.Find Jobs on Freelance Marketplaces Frequently

Nowadays, there are many freelance online marketplaces. You can sign up for a new account with any of them and connect with prospects across the world. With efii, you can sell your services locally; hence, you’d need to connect with local clients.

Join efii today!

There are more than twenty categories of gigs you can choose. Like, you can offer to be a violin instructor, a fitness coach, a yoga teacher, a photographer, a dietitian and so on.

3.Set up an RSS Reader on efii

You can set up an RSS reader to get notifications about new openings from your favorite freelance marketplace in your email. The reader can do all the work for you. However, you’ll need to search for an RSS text link on efii if you can’t seem to find the orange icon, which is typical of an RSS.

For an RSS reader to work for you on efii, you can subscribe to one in Feedly. This platform enables you to paste links of RSS feeds you copied from an online freelance marketplace such as efii.

4.Join a Crowdsource Competition

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If you’re eager to know how much you can measure up to the stiff competition, you can join crowdsource networks and prove whether you’re worth your salt. Joining a contest would inculcate that habit of you going the extra mile to prove your worth to the client. This will eventually enable you to shine in gigs, which have so many applicants.

5.Revisit Your Previous Clients

If you’ve been in a gig economy for long enough to earn new gigs frequently, don’t forget to reach out to your old clients. You can request them for new gigs, propose new contracts with them and so on. You’ll find that it’s much easier to land a new gig with your previous clients than with new clients. You’ll also discover that they have enough budget for new projects.

Don’t Underestimate The Personal Touch When Recruiting

Don’t Underestimate The Personal Touch When Recruiting

The hiring process can often feel like avery soulless one. Comparing CVs and assessing the grades and qualifications of individual candidates can sometimes seem a lot more like a science than an art.

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However, by looking more carefully at the people and personalities behind those CVs, you could gain a much greater – and thereforemore valuable – insight into your candidates.

Remember That You Are In The People Business

All businesses have particular requirements – but, perhaps, in your diligent efforts to make sure that your Recruitment Practices are conducive to those requirements, you have overlooked a little something.

That something is that your company is nothing without its workers. No matter what sector your business is in and what it provides, your business has to be its people…to at least some extent.

Your television or phone, for example, has not just appeared from thin air; many people have been involvedin making it, from its initial concept and design to assembly and packaging.

Ultimately, behind every successful organisation, brand or product is a team of people, as you will soon discover when seeking to recruit new talent for your company – hence why so many hiring managers frequently cite ‘cultural fit’ as one of their uppermost priorities.

For these reasons, you could certainly be surprised by how much you learn about a candidate by thoroughly interviewing and getting to know them, rather than simply looking over a Word document entitled ‘CV’.

The Other Merits Of Getting Personal

Another advantage of deeply exploring a candidate’s personality, rather than just their paper qualifications, is the potential for spotting issues that could otherwise elude your notice.

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On the flipside, you could find that some individuals who don’t immediately seem a promising fit for your company and role ‘on paper’ suddenly appear to have something invaluable to offer once you talk to them.

Such candidates could, for example, become a very useful industry contact, or prove their worth for a different vacancy of yours at a later date.

Here, we have detailed just some advice for success when it comes to Staff Recruitment In Ireland. We regularly add further tips to our blog here at Webrecruit Ireland – and we would certainly urge you to contact us if you require more tailored services and guidance related to your hiring process.

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All businesses have particular requirements – but, perhaps, in your diligent efforts to make sure that your Recruitment Practices are conducive to those requirements, you have overlooked a little something. That something is that your company is nothing without its workers. No matter what sector your business is in and what it provides, your business has to be its people…to at least some extent.