Why Small Businesses Use POS

At Global Resources, our priority is to help small and medium – size businesses grow in their respected industries.  We achieve this by a variety of methods, such as implementing new cash control systems in the business at hand.

Our consultants have helped many business owners launch new Point of Sales programs to streamline business activity.  If you are unsure about POS, we have basic information that you may find helpful:

  • What Are Point of Sale (POS) Systems for Inventory Management? Point of sales systems are checkout locations in business operations where transactions occur. The checkout location is a point of sale or POS terminal, which is just a computer used as a cash register. Point of sales terminals and systems make perpetual inventory control systems possible.
  • Why Do Small Businesses Use POS? Having a POS system is a flexible and versatile way to streamline your business and increase efficiency, especially in retail and service industries. A basic POS will offer a way to take payments on the go. However, many also include powerful tools for customer and staff management, inventory and stock maintenance, as well as reporting and analytics.
  • What Are the Advantages of a Point of Sale System? With a point of sale system, you don’t have to worry how much inventory you have on hand. The point of sale system keeps track of that and you have the information at a glance. A POS inventory management system also allows a business owner to have more than one business location and adequately keep track of inventory at each without being present. No more worries about employee theft or pricing inconsistency between one location and another. The boss can be away and not worry about employee theft. Employee efficiency can be maintained. Point of sale systems take care of those problems that result when management isn’t present.

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.

Tips to Help Secure an Internship

At Global Resources, our consultants help navigate the way for business owners to achieve success.  Our collective expertise allows us to access the information that is critical for your business to reach and surpass its goals.

Many small businesses find it valuable to partner with internship programs around the country. If you’re a student interested in finding an internship, we have tips for you:

  1. Choose your field: Internship programs for students provide the opportunity to explore career options with low commitment. You aren’t expected to make a lifelong career decision. But choose smartly—the field might help you get a leg up when it’s time to find a real job.
  2. Consider the location: Consider housing, transportation and proximity to family and friends.  An internship in Hawaii may sound terrific, but be realistic with your approach.
  3. Have your resume ready: To find as internship program, college students, even high school students, should be prepared with an organized, error-free record of your education and work experience.
  4. Get your papers organized: When you apply for an internship you may need some documents beyond your resume. College transcripts and letters of recommendation are great pieces of information to share with your potential employer when your job experience is limited.
  5. Prepare for the interview: If you are going to meet your future employer, you need to look the part. If it’s a phone interview, be prepared and polite. In both scenarios, do some prep work— be prepared to explain and discuss everything you included on your resume, think about how the college courses you’ve taken so far have prepared you for this job, have a few questions about the job and company ready to ask (they will ask you if you have any questions), and review your qualifications, strengths and weaknesses so you are ready to provide good answers.
  6. Create a realistic budget: Internships for undergraduates, while valuable learning experiences, often are unpaid positions. Consider the money you will need and work up a budget so you know what you can realistically handle.

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.

Why Small Businesses Often Opt to Hire from Within

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 work diligently to help business owners create strategy for important business functions, including staffing, cost control and accounting.

Often, small and medium-size businesses find it’s worth the time and consideration to look at current employees to fill positions, rather than hiring new staff. If you are in need of filling positions, we have listed three benefits to promoting employees from within the company:

  1. You’ll save money on hiring costs– By promoting from within, you save on hiring costs.  There’s no need to spend time and money advertising your position, reading tons of applications and interviewing candidates. Even when you think you’ve found your ideal candidate, there is always the chance he or she will turn down your offer in favor of a competitor’s. When promoting from within, you can quickly narrow down your candidate pool and the information you need to evaluate them is readily available.
  2. You’ll save money on compensation – When you hire someone from outside, you have to make sure your compensation package is competitive – particularly when the position is hard to fill. Hiring from within can alleviate some of those challenges!
  3. You’ll see a better quality of performance- When you promote employees from within, you already know they fit well with the company culture and have a proven performance record. And because they already know the company and the culture, your internally promoted employees can hit the ground running instead of having to go through an onboarding process, the way external hires might. In fact, research has shown that internally promoted employees perform better than external hires and are less likely to leave their jobs on their own accord. Of course, your newly promoted employees may still need some time to adjust to their new positions, and may require a moderate amount of skills training to ensure they are equipped to succeed in their new positions.

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.

Sales Tips for Small Business Owners

At Global Resources, our business consultants help navigate the way for your success.  Our vast experience, expertise and education allows for us to access information that is needed for you to reach your business goals.

Many of the industries we work in, such as manufacturing, construction and wholesale, depend on business sales for company survival and growth.

If you’re an owner of a business that facilitates sales, we have general tips that may help you:   

1. Upsell Effectively – If you are not upselling, you are leaving money on the table. Upsells are very effective to increase sales. Once they buy from you and are in a buying mood, it’s easier to close an additional and related sale.

2. Run a Customer Reward Program – You really don’t need to be a fortune 500 company to run a rewards program. Just make it a simple program where people can get discounts for being a customer and satisfying certain simple criteria’s such as:

  • Collect points and redeem points for discounts, gifts, and so on
  • 10% discount on your purchase if you shop for more than $100

3. Contact Your Customers- Reach out to your customers and ensure that they can buy the products with ease.  Ensuring your customers are happy and forming strong relationships with them helps guarantee they become loyal clients. 

4. Create an Incentive Program for Your Sales Team – Provide incentive to your sales team and you’ll see that your sales will mostly increase after setting up the incentive. It can be anything from getting featured for the month on your company website or extra pay. See what works with your employees and give them something they will value.

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.

3 Tips to Help in Career Advancement

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’ve worked with thousands of business professionals in various industries and have seen firsthand the significance of career advancement.  Not only are smart business owners interested in helping with employee advancement, but savvy business professionals are constantly thinking of their own career advancement.

Advancing your career is something that you should always be thinking about. If you aren’t working to advance your career, you may fall behind. No matter what sort of situation you’re in, even if you’re comfortable in your current job, you should keep your mind open to opportunities and ways you can move forward.

If you’re interested in career advancement, here are general tips that may help you:

  1. Set goals – Without goals to guide you, it’s hard to know what direction you’re going to move toward. Sit down and make a list of what you want, whether it’s a type of work, raise in salary, new title, amount of responsibility or other traits you want in a job. If you know what you want for your career, it will make the steps necessary to get there clearer, which will make reaching your goal(s) easier.
  2. Request more work responsibility- Oftentimes when companies are looking for people to promote, they are looking for people who they feel can provide value to the company. To demonstrate your ability to add value to your company, take on more responsibility and go above and beyond your expected requirements. Ask for more work and additional responsibility to show that you can provide extra value to your place of work.
  3. Continue learning – Education is crucial to career advancement. If you aren’t learning, you aren’t adding to the value you can provide to employers. There are several ways you can continue to learn. Work with a colleague who has knowledge of a skill set you want and use them as a teaching resource, learn a new skill or enhance an existing one on your own or decide to return to school for additional higher education.

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.

Why Hire a Marketing Firm

Global Resources LLC helps many small and medium – size business owners access the knowledge needed for growth. We then help facilitate the change that is necessary for your business to thrive in today’s marketplace.

One common challenge we’ve seen business owners deal with is marketing for their growing brand. As your business grows, deciding between hiring a marketing agency or an in-house marketing team can be a tough decision.

There are several reasons many small business owners consider hiring an agency:

1. You don’t have to train and manage an agency– One of the most time consuming aspects of hiring a new employee is the process of bringing them into your company and having them understand their role. Some businesses spend months on the training process alone. Even after all that is done, you’ll still need to spend time managing the employee and making sure they stay on task. With an agency, it’s a whole other relationship. There is no training or managing to deal with on your end because that is handled internally by the agency’s management team.

2. You’ll save money – You might be surprised to hear that an agency, overtime, will be much less expensive. Here’s how:

  • You won’t need to pay payroll taxes since they are an independent contractor.
  • You won’t need to pay benefits/healthcare costs.
  • You won’t have to pay for any of the expensive tools that are needed to properly run and track a marketing campaign.

If you’re thinking that those are just minor expenses, you will also want to take into account that to get the experience and expertise of an agency you would need to hire premium employees.  In contrast, a marketing company may only charge your small business anywhere from an estimated $4,000 to $10,000 per month, depending on your needs.

3. You’ll have access to a team of experts – If you decide to hire an agency, you won’t just have access to one expert.  You’ll actually have access to a team of experts. The number one benefit to hiring a marketing agency is that they have worked on similar campaigns in the past. This means they know what works and what doesn’t especially if they work with clients in the same industry as yours.

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

Reasons Why Small Businesses are Outsourcing

At Global Resources, we work diligently to help small and medium – size businesses grow.  We have a thorough understanding of how growth is critical to business owners.  In fact, the day your business stops growing is the day your business starts dying. We also know that growth takes time and resources — time and resources you may not feel you have.

For most small business owners, every minute of every day is already crammed full. It’s no wonder why many small businesses are choosing to outsource. If you’re considering outsourcing, here are reasons why other small business owners like yourself are choosing this avenue:

  1. Outsourcing frees up capital for growth. Saving money isn’t just smart; it’s a necessity for most companies. Why? Saving money frees up capital you can invest elsewhere in your business.  This is key–especially in the early stages–when you’ll benefit from avoiding large expenditures. Fortunately this is where outsourcing offers exponential advantages. By converting fixed (and often sizeable) outgoings into variable or smaller costs, outsourcing frees up cash to be used elsewhere.
  2. Outsourcing lets you focus on what you do best. You are most useful to your company when you focus on the activities that will make it grow. To do that, you need the time. When you outsource, you can allocate the tasks that you find the most challenging to the people who actually love doing them.  Hate spread sheets? Find an outsourced accountant.  Dislike social media? Find an outsourced social media expert.
  3. Outsourcing gives you instant access to experts. One of the biggest barriers to growth is failing to surround yourself with the right people, so outsourcing is a sure-fire way to access a talented bunch of people at a fraction of the price it would cost to hire them in-house.
  4. Outsourcing gives you much greater flexibility. No two small businesses are the same, yet the one thing they do have in common is the need to be flexible because things can–and often do–change quickly. Therefore, outsourcing has clear advantages. Not only can it provide you with instant support, but a service can adapt to the peaks and troughs of 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.

Personalities in the Workplace

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. Ultimately, we help small business owners grow their brand. 

Our experts find that hiring great-fitting employees is a common challenge amongst small business owners. It’s often worth-while to spend time researching the types of employees that you want working for you.  The five factor model, more popularly known as the Big Five, is one of the most researched models of personality. The model provides a great overview of everyday personality and how it relates to the workplace. Compared to other models, the Big Five enjoys a fairly high level of academic consensus as well as empirical support. The theory being that there are five major trait categories that describe our personality. According to the Big Five, we all consistently fall somewhere along each of the following five continuums that I like to remember as OCEAN. 

Openness to Experience- At the open end, individuals are highly interested in experiencing new things and are flexible in their thinking, where at the opposite end, individuals are more closed minded and rigid in how they approach new experiences.

Conscientiousness – Those who are high in conscientiousness tend to be diligent and dutiful in the way the approach work and life. Individuals who are lower on the conscientiousness scale tend to be big picture thinkers and less interested in the details of how things get done.  

Extraversion/Introversion – Probably the most recognizable personality trait is extroversion because it’s easy to see. Extraverts are socially assertive and gain energy from performing for and interacting with others. Introverts draw energy from reflection and tend to prefer working alone or in small groups.  

Agreeableness – This scale looks at the level of friendliness versus hostility that someone tends to display when interacting with others. Those high in agreeableness are more trusting and modest whereas those low in agreeableness are more suspicious and oppositional.  

Neuroticism (Emotional Stability) – Those who are highly neurotic tend to be less stable and frequently demonstrate negative emotions. Those who are more emotionally stable are generally pleasant and tend to be resistant to stress.

 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.

Tips for Business Professionals Using LinkedIn

Global Resources LLC offers expertise in many areas of the small and medium-size business arena.  We realize that savvy business pros are using the social media site, LinkedIn, for professional growth, making professional connections and even finding new jobs. If you’re on Linked, it’s time to make sure you’re using the website to your full advantage.

Here are general tips to ensure your LinkedIn profile is up to par:

  1. Be Thorough – The more complete your profile, the better the odds people will notice you. It’s also important that after someone finds you, they want to click on your profile. He or she wants to know what your skills are, where you’ve worked and what people think of you. So, fill out every single section of your profile. LinkedIn will actually measure the “completeness” of your profile as you work and offer suggestions on how to make it stronger.
  2. Get a Custom URL – It’s much easier to publicize your profile with a customized URL (ideally linkedin.com/your name) rather than the clunky combination of numbers that LinkedIn automatically assigns when you sign up. How to get one? On the Edit Profile screen, at the bottom of the gray window that shows your basic information, you’ll see a Public Profile URL. Click “Edit” next to the URL, and specify what you’d like your address to be. When you’re finished, click Set Custom URL.
  3. Choose a Great Photo- Choose a clear, friendly and appropriately professional image. A great tip is to take a look around at what the people in your target company, industry sector and / or business level are wearing, and match that.
  4. Write a Captivating Headline- Your headline doesn’t have to be your job title and company—in fact, especially if you’re looking for jobs, it shouldn’t be. Instead, use that space to succinctly showcase your specialty or value proposition. The more specific you can be about what sets you apart from the competition, the better.
  5. Use Your Target Job Descriptions to Your Advantage- Take a look at the job descriptions of the positions you’re after and use them in a word cloud tool, like Wordle.  The words that are standing out are likely what users are searching for when they’re looking for people like you. Make sure those words and phrases are sprinkled throughout your summary and experience.

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

Tips for Layoff’s Associated with Downsizing

At Global Resources, we help business owners navigate through the challenges of running a business. Many business owners relay that one of the most difficult tasks is laying-off employees due to company downsizing. This is an especially tough situation because these could be loyal and productive employees who have done nothing wrong; there may be no performance or behavior issues – they are being let go to reduce the company’s overall costs.

You might mean well in how you approach a downsizing situation with your employees, but if you don’t think it through and carefully plan out your process, things could go very wrong

  1. Be compassionate. When you must layoff an employee, keep in mind that you will be dramatically changing the person’s life and that the event could be highly emotional. They will have real concerns, such as paying their mortgage, feeding their family and finding a new job. Never lose sight of this and make sure compassion and empathy are at the top of your list of actions.
  2. Treat the employee with respect. Many companies follow one termination process, no matter the reason for the employee’s termination. This often includes collecting all company property from the employee, having him or her gather their personal belongings from their office and then escorting them out the door. While this process may be necessary in certain circumstances, it doesn’t fit all scenarios. Employers should think carefully about how employees are treated during the termination process and how the message is delivered.
  3. Be honest. When speaking with the employee, explain the real reasons for the changes in the organization. Let the person know that the layoff doesn’t reflect your impression of them or their reputation.
  4. Consider the messaging. Don’t become so focused on the termination process and paperwork that you fail to think through the communications you’ll need to make in connection with the termination – to the impacted employee(s), the remaining workforce and even externally.
  5. Discuss their progression. Some employees may feel emotionally paralyzed when given layoff news, wondering how they will ever be able to move forward. If the employer provides access to outplacement or job assistance programs, discuss these with the employee to help them move past this situation. Your help to the employee might also be more informal.

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.