Tips to Avoid Business Stress

The business consultants at Global Resources have the expertise to help entrepreneurs launch small businesses. Starting a business is a huge commitment that can reap many long-term rewards. If you’re looking to become a business owner, we can help put you on the path to success.

If you’ve recently launched a business, you may have realized it’s common to feel overwhelmed.  Below are tips to help you avoid the unnecessary stress!

1. Don’t let the first failure stop your progress - Entrepreneurs almost always face setbacks: a pitch gets rejected, a client gives negative feedback or a new digital product flops. But they keep going, because they know that one rejection doesn't mean their contributions are worthless. Instead, they take it as proof that they are trying something new and taking risks, some of which are bound to fail.
2. Don’t think you're earning too little to make a difference - Many entrepreneurs make what seems like small amounts of cash on a weekly or monthly basis.  You need to give your business time to grow.  Even micro-businesses represent new opportunities and potential.
3. Don’t overinvest in startup costs- It's easy to plow savings into a new business before it's even launched: a beautiful website, a professional marketing plan, trips to conferences and new certifications. But before investing a cent, successful entrepreneurs often first look for ways to bring in revenue to offset those costs, while simultaneously testing the market. That might mean offering nutrition consulting services before setting up a new website, or selling an e-book through Amazon or another existing e-commerce channel before printing paperback versions.
4. Don’t work too hard for too little- When entrepreneurs are first starting out, they sometimes make the mistake of undercharging for their services, or setting up a business model that would require a 100-hour-a-week schedule to earn a living wage. Simply charging more for products and services can signal quality to potential buyers. Testing the market to see what it can bear, and checking out competitors' prices, can help entrepreneurs avoid starting too low.

To learn more about us and / or to schedule your complimentary appointment with the business consultants at Global Resources LLC, call us at 855-338-0266. 

Steps to Start a Concrete Construction Business

Global Resources is known for expertise in many industries, including concrete construction. Starting a concrete construction company is a dream that is achievable for those individuals who have experience in this segment of the contracting sector of the marketplace, but are not sure where to begin. If you’re looking to start such a business, we have general tips that may help you:

• Apply for a Concrete Business License - Securing a license is one of the most important administrative matters pertaining to your business. Together with business name registration, paper work should be taken care of before you start operating your company. It is best to go to the local authorities and fulfill the requirements as soon as possible.
• Source Materials -One of the foundations of your business will be the materials you will use for your concrete. It is advisable to make a survey of the companies that supplies materials, including the prices. Select a supplier that offers the best price and the quality you need. Getting inferior quality materials simply because it is the lowest available price will result on costly re-work and dissatisfied customers who can quickly drive away new business with the advent of online customer feedback. 
• Select a Location -Accessibility is the foremost consideration in finding the right place for your concrete company business. It must be both convenient for your customers and for delivery of materials in and out of your location. It also must be big enough to store materials at the same time serves as a workplace for your employees.
• Hiring Employees - Administrative staff and field workers are the different types of employees you will need to hire. Hire administrative staff who are diligent, efficient and literate in every administrative task. On the other hand, the workers must be both skilled and professional. You can directly hire employees or contact a hiring and placement firm to assist you in finding the right people for your business.

To learn more about us and / or to schedule your complimentary appointment with the business consultants at Global Resources LLC, call us at 855-338-0266. 

Preparing for a Small Business Loan

Global Resources is a full-service business development group and general management consulting firm focused on small and medium-size privately-held companies in North America. We help business owners prepare for the challenging process of applying for a small business loan. This is extremely important as preparation can make all the difference in whether a company receives the funding they desire.  

If you’re a small business owner looking to secure a business loan, here are tips that can be beneficial:

• Don’t limit your options – Research and make a list of five potential lenders and start at your first choice.  If approved for a loan, continue to shop the market for the best rate.  If declined, keep trying!  Too often, mostly due to lack of time, business owners stop at the first or second negative response.  Be prepared to seek a loan from a minimum of five lenders.  And learn from your mistakes.  If one lender turns you down for one reason or another, learn from this feedback and adjust your approach with the next lender.
• Be prepared to share all of your financial information – Provide your lender with all the financial background on your company, future growth plans and, often, your personal financial information.  By offering this information up front, it will allow a bank to gain an understanding of your complete financial situation and it will ultimately reduce the time to finalize your loan package.
• Provide detailed information—Show exactly how you will use the requested funds and how much you need to accomplish your goals.  Lenders appreciate attention to detail and preparedness when it comes to the facts. 
• Seek out assistance with the SBA— The Small Business Administration is a great resource for small businesses.  The more you know about the products that are available for your unique situation, the better your chances are at securing a yes response to your application.  Visit www.sba.gov, to learn more about SBA loans.
• Look locally- Community lenders are often best equipped to appreciate how your company works within the local business environment opposed to big financial institutions.  

To learn more about us and / or to schedule your complimentary appointment with the business experts at Global Resources LLC, call us at 855-338-0266.