Why Invoice Finance is Important for Recruitment Companies

by David Sanders In Invoice Finance Leave a comment

All businesses can benefit from the services of invoice finance professionals. Recruitment agencies, in particular, are to experience a vast range of benefits from such interactions. Recruitment factoring frees up a lot of cash flow. Whether invoice factoring or discounting is chosen, however, the effectiveness of such B2B interactions is undoubted.

Reasons Why Recruitment Companies should Consider Invoice Finance Services

Since many recruitment agencies benefit from the services provided by invoice finance companies, specialised packages have been put together. Some of these include payroll services.

Very often, a debtor turns out to be the biggest asset in the balance sheet of recruitment companies. Having sufficient financial resources in such instances and maintaining adequate cash flow becomes an incredibly challenging task.

Through invoice finance, recruitment agencies can release cash tied because of unpaid invoices within 24 hours. Payroll costs can be handled whenever these are due. The fees are reasonable, which increases the attractiveness of such services even further.

Invoice Factoring for Recruitment Companies

If you’re particularly busy with other business tasks, consider getting invoice factoring services. In this instance, you’ll get to work with a professional that will dedicate time and effort to debt management and collection.

Credit control is of uttermost importance because of the payment schedules you have to adhere to. If a client that you have a long-term relationship with doesn’t pay on time, you can’t really plan expansion and provide quality services. As a recruitment company, you have to make strategic decisions and these are based on accurate interactions.

Invoice factoring takes control over the payment of all your invoices. It works by paying you up to 85% of the value of the invoice as soon as the invoice is raised. The invoice finance team work to get the invoice paid by the client in a timely way. Once the invoice is paid, the Invoice finance company pay the invoice balance minus and fees.

How You Can Write A Personal Statement To Land Your Ideal Job

by David Sanders In Business Recruitment Leave a comment

How You Can Write A Personal Statement When you find that you need to write a CV, there will be some aspects that come a whole lot easier than others. While you may not struggle when it comes to qualifications or career history, one aspect that a lot of people will find to be challenging is their personal statement.

There are going to be a lot of styles for a personal statement, including a university or job application. Each of these is going to require a different approach as well as a different set of inclusions. However, they all share a common function, which is making the reader want to read further and to represent why you want to be taken into consideration.

These are some of the top things that you need to consider when you are personal statement writing for your CV:

Personal Statement – What Is It?

A Personal Statement is the very first thing to include on your CV and it acts as a personal summary that you give to your prospective employers to allow you to stand out from the rest of the competition.

Why Is It Necessary?

get a job This personal statement acts as a selling tool for yourself to help you highlight the skills that make you a perfect candidate for the position with any given employer. Simply put, this is a crucial element to your CV.

The more well-written the personal statement is, the bigger the difference there will be when you want to stand out in the crowd or your application being denied.

How Long Should Your Personal Statement Be?

A good rule of thumb is to keep your personal statement around four or five lines, or 150 words. More than this and you could run the risk of sounding as though you are rambling.

Tip: Remember that this is a summary and not a cover letter. Keep this concise and stick to the point. Short and sweet is going to win in this situation.

What Can I Expect From A Good Financial Planner?

by David Sanders In Personal Finance Leave a comment

What Can I Expect From A Good Financial Planner In general, people who seek financial planning services are forward thinking, conservative, and want to be able to care for the people they love. When financial planning is well done, they have the peace of mind that comes with knowing they can continue to live their chosen lifestyle during their retirement years and will be able to help out loved ones, when necessary.

Financial planning can be done either on your own or with assistance from a professional. You need to know what you can expect from a good financial planning provider. The first order of business is to understand the difference between a service provider with a valid certification in the field who is capable of providing sound fiduciary advice and one who is simply a talented sales person.

Financial Planning: What Is Involved?

The financial planning process includes:

The ability to understand your goals, i.e. knowing when and how you will use the money available to you. Once you have this understanding, then an action plan with concrete steps must be developed.

A financial adviser, or planner, must gather data about your personal and financial life in order to give advice that will allow you to reach your goals. This information is used to help you learn how and when your goals will be accomplished by projecting it.

What Is Carried Out By A Good Financial Planner?

You will gain advice from a good financial planner in the following areas:

How you need to change the way you handle your finances.
How much of your income must be saved.
Which types of accounts for retirement are best in your case.
The mortgage type that is best for you.
How much and what kinds of insurance you need, including disability, long-term care, and life insurance as well as health, casualty, and property insurance decisions.
The size of emergency fund you need.
How your tax situation can be improved.
Over a given time frame, the required rate of return to reach your goals.
Whether or not you should pay off your home.
What risk level for investments is appropriate within your account types.

In addition, to these services, tax planning and estate planning is also provided by many financial planners.

The Seven Different Forms of Business Finance In the UK

by David Sanders In Business Finance Leave a comment

businessman hand drawing design word BUSINESS FINANCE as concep Individuals interested in starting their own business will often lack the funds necessary for establishment. Luckily, start up and company owners can benefit from several finance opportunities. Seven types of business finance in the UK tend to be particularly common and popular.

Investment Finance

In this instance a company owner will look for an investor interested in purchasing some of the business and providing funding.

An experienced investor can help for the strategic development of the company. There are no interests or loan repayments to worry about. On the downside, the owner will be giving up some control, which could potentially result in decision making difficulties in the future.

Crowdfunding

The popularity of crowdfunding is growing all of the time. Depending on the company, its goals and its niche, it’s absolutely possible to generate enough funds through a crowdfunding campaign.

This type of finance involves having many individuals “donating” a small amount of money to a cause, a project or a business. Once again, there will be no interest rates or repayments. The problem with crowdfunding is that it may be difficult to convince people to donate. Unless they see the big picture and the appeal of the idea, individuals are going to refrain from giving money.