Tempting Temps Means Having Cash on Hand
I'm considering starting a temporary staffing company. I'll have to bootstrap the startup period, as my credit is marginal and I don't own real estate. Industry standard is to pay employees every week or two, but even if I bill weekly, clients don't pay for at least 30 days. With the revenue and expense cycles so out of sync, how can I finance the business to best stretch my limited working capital?--J.G., Los Angeles
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