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Greg Savage: Funding your recruitment business

April 04, 2024

Video Transcript


Greg Savage: Now, you know you're gonna have to finance this business. Right. You're gonna have to fund this business and one of the ironies if you're only setting out is, if your business grows fast in temp, it could send you bust. Isn't that weird. Because you, you know that you pay the temps weekly and that you got to do by law, regardless. But, the client will pay you 30 days and then they'll pay you 60 days and then they'll pay you 90 days and then they'll go bust leaving you with 10 temps unpaid, which you have to pay. So, you've gotta have the right funding and you've gotta have the right payroll and timesheet process and debtor control. So, you don't do that and learn it on the job, you get it set up first.



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