Sat. Jun 22nd, 2024

Small Businesses Hiring Apprentices: What About You? 

By William Robson Mar 27, 2020

Stories about small businesses hiring apprentices are becoming more and more common. The value of apprenticeships is clear to small business owners. As the Department of Labor reports, every dollar spent on apprenticeships gets you $1.47 in added productivity and innovations. If you need more information about the topic and want to get a business cash advance with ease, just read the article below.

Hire Apprentices & Get a Business Cash Advance

Small businesses very often lack the necessary resource. That’s where the idea comes to train someone specifically for the given role, instead of hiring. There’re even grants offered to companies to hire apprentices.

Small businesses find apprentices quite useful, and the same goes for bigger firms. Increasingly, the number of consumers and employers valuing the benefits of apprenticeships is growing. Are you among the entrepreneurs interested in hiring apprentices? Do you need access to additional working capital or are looking for exceptional merchant services? 

Just turn to a reliable merchant services provider in your space to get the best deal for your business. With a respectable merchant services provider, you can enjoy the most secure merchant processing solutions and get a Corona relief business loan without difficulties. 

In fact, a merchant cash advance (MCA) from the right alternative online lender is an excellent option for businesses in need of quick financing. Make sure the alternative lender offers the lowest possible rates in the industry.

Apprenticeships for Small Businesses 

The Federation of Small Business (FSB) reports that, as of 2018, 24% of SMEs were already offering opportunities to apprentices. Another 24% had that in their future plans. Employers consider hiring apprentices a means to attract new talent and develop a motivated, skillful and diverse team. 

By hiring an apprentice or having an apprenticeship program, businesses reduce expenses spent on hiring new staff members. So, this is a quite cost-effective solution many business owners are eager to use. 

To wrap things up, apprenticeships can play a significant role for a company. It grants businesses a fresh perspective. Apprentices can master new skills and knowledge from the training offered by companies so to fill specialist skill gaps they have. 

Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of businesses get disaster relief loans. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.

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