Forbes (05/20/12) Joel Shulman
Recent filings with the U.S. Securities and Exchange Commission show that entrepreneurial companies have been hiring at a red-hot pace, increasing more than 13% over last year’s levels. The rate of growth far outstrips the relatively modest 3% average increase for nonentrepreneurial firms and exceeds the prior year’s entrepreneurial growth rate of 10%. The upbeat news does not appear to be limited to only economic upswings. Striking differences between entrepreneurial and nonentrepreneurial firms exist during economic downturns as well. During the worst part of the 2007-09 recession, for example, entrepreneurial companies actually had modest increases in employment, compared to a significant drop-off for the rest of the market.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.