APositive Workforce Finance Co-Founder and CEO, Danny Marlow, shares how a career move from accounting to finance led him to identify an opportunity for a more efficient and tech-integrated approach to cash flow for Recruitment & Labour Hire businesses. From start-up to an AFR Fast 100 growing company, Danny also explores the vital role tech has played for APositive and improving the entire cash flow experience.
Early in 2021, the business media was rife with reports of an impending “fiscal cliff” due to the end of Covid stimulus packages associated with the...
Cash flow funding, invoice finance and, specifically for recruiters, payroll funding, have grown in popularity considerably in recent years, but some age-old myths still exist today.
Many businesses, such as those in labour hire, have a natural trade cycle where suppliers (in this case, payroll) need to be paid before the customers pay. This negative cash flow cycle requires some type of funding to facilitate normal operations and the funding needs increase with growth.
There are perspectives on both sides of the fence. Finance, when thought of simply as “debt”, can have a negative stigma because the general, conservative approach is that debt is dangerous, risky and should be avoided.
Whether you’re starting, scaling or already have an established recruitment or labour hire business, understanding and finding the right finance solution can be an unnecessarily complex decision.