Onboarding New Employees for a Small Business

One of the key elements in retaining quality employees is to provide excellent onboarding from day one. A recent report showed that 1 in 25 employees leave their new jobs because of bad onboarding experiences

The onboarding process starts before you have chosen the new employee.

The Interview

During the interviewing process, provide the job description and request proof of qualifications. Contact details and other relevant details collected at the application stage can be transferred to your Human Resources information system.

Once the Job Offer is Accepted

Information like bank and tax details can be requested at this stage and any industry-specific courses could be provided online for completion. The job contract/employee agreement can be provided along with any employee handbook.

The Week Before the New Employee Start Date

Organizing all the equipment the new employee requires can be prepared so they are ready to be used on the first day. This could include a desk with stationery, a computer with all software, and email accounts set up.

Other items that should be ready on that first day can include business cards (including phone number and email address), mobile phone, office keys and/or building access fob, mobile phone, ID badge, uniform (if required), and any tools specifically required to do the role.

First Day

To ensure the new employee will feel comfortable, give somebody the responsibility of greeting them when they arrive. Arrange a tour of the workplace so they get their bearings of the whole business operation and arrange a welcoming morning tea or lunch with all staff.

Have a welcome kit prepared that could include a welcome letter, additional hire paperwork, HR documents, technology setup instructions, any promotional company material like a notebook, T-shirt, mug, etc., pens, highlighters, paperclips, etc., a copy of your office map, a copy of your company organizational chart, a copy of their first week’s work schedule, and information about your team culture.

Schedule an onboarding meeting with an HR representative who can explain issues like employee benefits, company holidays and policies, parking, and public transport, how to complete timesheets, company structure, team culture, and your company’s vision, mission, and values. The immediate Team Leader/Supervisor should also schedule a meeting to fully explain all job duties.

During the New Employees First Week

The immediate supervisor should meet with the new employee to discuss goals and performance objectives for the first 3 months, 6 months, and year. Any key projects over the next three months should be explained, and immediate work tasks can begin. Daily meetings will ensure immediate feedback and uncover any issues or queries that can be addressed as soon as possible.

Introductory meetings with heads of other departments enable the new employee to meet others they may deal with from time to time, and to better understand the workings of the entire business.

During the New Employees First 3 Months

Regularly scheduled meetings with the immediate Supervisor should continue during this period to monitor progress and at the end of the 3 months, review overall progress.

Beyond 3 Months

Ideally, the new employee continues to be monitored with less intensity for up to a year. This makes them feel valued and in year two they can be integrated into your regular staff appraisal program.

Global Resources can help you plan a strong onboarding process that will lead to satisfied employees that stay with their employer for many years.

10 Common Family-Owned Business Problems

A successful family-owned business can be the cornerstone to creating ongoing inter-generational wealth for a family. You don’t have to be as successful as family-owned businesses like Heineken (Beer), Samsung (Electronics), Walmart (Retail), Volkswagen and Ford (both Motor Vehicle manufacturing) or Berkshire Hathaway (Investments) to create this wealth.

However, working with family members can create some unique issues that spread outside the workplace and beyond the boardroom.

For some examples where the family business isn’t always smooth sailing, you could refer to the Godfather movies (though that mafia family didn’t play by conventional business rules), the recent TV series Dopesick (relating to the Sackler family and the Purdue Pharma drug scandal), or almost any episode of Gordon Ramsay’s Kitchen Nightmares (many episodes feature conflict within family members running their restaurant).

Here are 10 of the most common issues.

  • Family problems

What’s happening at home can affect the business and vice versa. The effects could be emotional, physical, or financial.

  • Informal culture and structure

Often the business operates like the home environment leading to relaxed uncomplicated business operations that lack appropriate business documentation, policies, strategy, and goals.

  • Pressure to hire family members

This can lead to hiring children, in-laws, and wider relatives who lack the skills and experience the business requires.

  • Lack of training

Many family businesses have an informal culture that fails to properly train new employees to the required standard. This compounds the problem from the previous point.

  • High turnover of non-family employees

Non-family employees may feel that the best roles in the business will only go to family members or may not fit into the family culture and will constantly be seeking work elsewhere.

  • Sources for growth

In trying to establish the business, finding capital and resources to enable growth can be difficult to find. Often personal assets like the family home are placed at risk to take on debt. If the business fails, the family might lose the business and the family home.

  • Lack of an external view

Because all family members usually have a similar upbringing and life experiences, their views will often be similar. Someone with a different background may have a different view of the business and the competition. This external view can bring new ideas and strategies.

  • Misunderstanding the value of the business and how it is to be divided

Many family members lack the understanding of how businesses are valued and what their contribution is worth in terms of an ownership stake. This also relates to who gets how much of the profits.

  • Who will take over the business?

Many family-owned businesses do not plan for how the business will be passed on to the next generation. This can cause a lot of stress within the family unit when a new leader is required.

  1. No exit plans

Like succession planning, family businesses usually lack any strategy around family members retiring or wanting to sell their share of the business. There needs to be future planning in place.

If you look through these Global Resources reviews, you’ll see examples of how we can help businesses facing these kinds of issues.

Managing Social Media for the Small Business

It’s the 2020’s and small business owners who have been avoiding social media and are now nervously asking themselves if having a presence on social media is worth it. If they should have a presence, how do they manage it and which social media platforms should they be on?

After all, most small businesses don’t have a marketing team or even a marketing specialist.

Small businesses can benefit from a presence on social media.

Research has found that a social media presence can increase awareness and inquiries, enhance relationships with customers, and increase the number of new customers. You can even easily begin reaching customers almost anywhere in the world.

Here are 8 tips to get you started.

1. Set SMART Goals

Start by deciding what you want from social media. Set yourself SMART goals which are specific, measurable, achievable, relevant, and time-bound.

An example of a great SMART goal for your social media might be to increase your email signups by 10% in the next six months.

You can easily measure this after six months by counting how many new subscribers you have achieved.

Social media is great for growing brand awareness, trust, and familiarity with your services and your brand.

2. Do Just a Few Things, But Do Them Well

Don’t take on too much, you don’t need to turn into a media company producing videos, blogs, and podcasts. Start with just a few social media platforms so that you don’t create too much work for yourself and can fully focus on each one.

Think in terms of quality first, then quantity. Active accounts achieve higher engagement, but the content must appeal to your ideal customers

If you reach interested customers, turn them into fans of your brand, and get them involved in what you do, that’s an effective social media strategy.

3. Understand Your Audience

Using social media is all about knowing your clients and posting about what matters to them.

Post valuable content that somehow helps your customers. Use the social media platforms your customers use. Do a little research and see which accounts they follow, what posts they like, and share. This will give you more idea about what matters to them.

Don’t just write about your business. Think about why you follow certain brands. There’s a reason beyond their product, right? Apply that same thinking to your business and figure out exactly what your ideal client wants to see from you.

4. Start Conversations

Make your posts informative, inspirational, and promotional, but in every post, try to include a call to action. Train your followers to interact with your brand.

Ask them questions, get their opinion, and talk about things that stir up emotion. No matter which industry you’re in, there’s an aspect of your product or service that’s tied to a feeling or experience your ideal client wants to have.

Only 10% of messages and comments left on business social media accounts are answered. Make sure you set time aside to respond to your customer comments.

5. Schedule Your Posts

You’re running a business, so every minute counts! Posting consistently shows your potential clients you take your business seriously, and they should, too.

Make technology your best friend by scheduling posts in advance. This keeps you consistent, plus it saves time. If everything is scheduled, you’re not getting distracted scrolling through your feed instead of posting and getting back to work.

6. How Often Should You Post?

That depends on your availability, but as a guideline, daily stories and posts for Instagram: once a day for Facebook. Twice a day on Twitter at times your customers are online, and several times a week on LinkedIn, focusing on video content.

7. Social Media for Small Business: Paid Posts

Facebook advertising is particularly effective at reaching a specific demographic. Set yourself a budget, you could start with $20/advertisement, but make the offer attractive.

8. Experiment and Pivot

Don’t expect great results immediately. Take your time to figure out what suits your clients and be prepared to try different things like showing two different ads to the same audience. Then check out which one performed best.

Make use of the free analytics tools available on social media platforms. This is an easy way to see your engagement and conversion rates.

Social Media Strategies for Small Business

The core of effective social media marketing for small businesses revolves around consistently providing high-quality content. Consistent doesn’t necessarily mean “a lot”. You must find a rhythm that works both for your audience and for you to keep providing value in an interesting, entertaining way. Engage in conversation with them. Use trial and error; it’s ok to make mistakes!

For Global Resources solutions, check out http://www.gr-us.com/.

Consumer Behavior Changes Impacts on Business

Have your day-to-day habits and activities changed at all over the last two years because of the pandemic?

Most people would answer yes to that question.

One survey found that 49% of people are avoiding leaving their homes, 50% are working from home either full or part-time, 42% are avoiding public transport, and 57% are social distancing from friends and community.

Spending more time at home means more leisure time and a significant increase in viewing entertainment, following the news, and engaging in hobbies. There have been moderate increases in cooking, use of social media, household chores, shopping online, and physical fitness.

As a result, people’s priorities are changing with 50% of people trying new products, 28% picking up new hobbies, 51% spending more time watching entertainment, and 48% intending to maintain newly acquired health and wellness habits over the long term.

Looking ahead, consumers have had to change how they live and many of those changes are influencing their buying behavior. For many, what they buy and how they buy it has changed, and these fundamental shifts will have long-lasting effects.

Once people have formed their consumer habits, they tend to be hard to change. With change being forced on all of us during the pandemic, the changed habits picked up recently will likely stick.

Consumer businesses need to find ways to meet consumers where they are today and satisfy their needs in this post-crisis period, and beyond.

Here are four actions that businesses can take to influence consumer behavior over the long term.

  • Reinforce Positive New beliefs

The COVID-19 crisis has forced many consumers to change their behaviors in a wide range of everyday activities, from grocery shopping to exercising to socializing. When consumers have enjoyed these new experiences, even long-held beliefs can change, making them more willing to repeat the behavior.

Businesses can reinforce and shape behavioral shifts to position their products and brands better for the next normal.

When your business is providing a service or product to fit with new consumer behavior, add a bonus of some sort to make the consumer experience more memorable, and encourage further repetition of that new consumer behavior.

  • Shape Emerging Habits with New Products

Adapt your product or service to fit the emerging habits.

For example, if people are spending more time at home, take your service to them instead of making them come to you. Consumers may be happy to pay extra for this as it saves them the time to come to you and is far more convenient for them.

  • Sustain New Habits by Providing Contextual Cues

When consumers associate certain behaviors with a particular context, that behavior will eventually become automatic. Businesses can identify the contextual cues that drive these behaviors. A contextual cue can be a particular task, time of day, or object placement.

  • Connect with Consumers’ New Mindset

The pandemic has created a mix of anger, fear, and anxiety in the minds of consumers.

Adapt your messaging to consumers to connect with these emotions and encourage good humor and calm influences.

The pandemic has changed people’s routines at unprecedented speed, and many will stay with them. Businesses that create a deep understanding of the changed beliefs, peak moments, and habits of their target consumer bases will be able to change their product offerings, customer experiences, and marketing communications to be best positioned to thrive in the years ahead.

For more great tips on issues like this check out the Global Resources LLC Facebook page.

Networking for Small Businesses

All small business owners want to stand out from their competition. This can be especially difficult when you are trying to manage everything from your firm’s finances, interviewing job candidates, and spreading the word about your project.

Luckily, there are some manageable, logical steps that all entrepreneurs can follow to make sure that they are engaging with their customer base and other businesses.

Engage With Your Neighborhood

This timeless tradition is simply known as hitting the pavement, and it’s been around since humans first began commerce. While some consider this archaic, it can still be a viable option in neighborhoods and/or industries that are still based around foot traffic and word of mouth.

Maybe your startup yoga studio needs new flooring installed and there is a local hardware store or contractor nearby. Never forget the personal touch. By engaging in face-to-face interaction for basic services, your business neighbors will be encouraged to share their experiences with friends and family.

Leaving a personable impression is an old tradition, but it will never go out of style.

Attend Trade Shows

Trade shows are an excellent way to start networking because they are available for every type of business. From restaurants to industrial construction, there’s almost always a meeting for entrepreneurs in your type of industry.

These exhibits are excellent in that they allow like-minded individuals to advertise their products and services, but they also allow business owners to exchange information and trade ideas. For a nominal fee, you can dip your toes in the water and get a sense of what your customers are searching for.

These events are often a great time to perfect your “elevator pitch”. Know your worth. Know what you provide and know exactly how to express that to a potential partner/investor. Customers might be patient, but experienced entrepreneurs will smell uncertainty in your product or service from a mile away.

Trade shows provide a perfect opportunity for you to cut your teeth and express your confidence in your small business amongst experienced colleagues.

Log On

For those who haven’t started their business in a walkable neighborhood or have access to trade shows that are typically located in population centers, the internet can still provide an option to interact with other business owners.

Social media and a global supply chain allow entrepreneurs from all over the world to establish relationships with one another. A company website is a practical necessity today, but you might even consider starting a blog to share your experience as a business owner with others.

Between contacting curious investors, interacting with suppliers, and attracting potential customers, there is no excuse for not establishing your firm’s online footprint.

While networking can be a hit-or-miss endeavor depending on the particularities of your small business, there is always an option. Face-to-face interaction with local businesses and charities is almost always the cheapest and most immediate option for your company.

Trade shows are accessible for all but the most niche industries, and even beyond that, the internet can provide a base of interaction with other business owners as well as investors and clients.

Ideally, you should be exploring all three bases of networking, but GR-US.com can help you find the right networking strategy no matter your business model.

Designing an Office Safety Plan

No matter what industry your small business operates in, the health and well-being of your employees should always be your chief priority. Luckily there are several ways to design a safety plan whether your work involves office tasks, or your construction sites require a great deal of heavy equipment.

Start a Safety Strategy Along with OSHA Guidelines

To get you started in complying with the Occupational Safety and Health Administration (OSHA), you need to draft a safety strategy, the founding document of your company’s safety policy.

Your Safety Strategy is ultimately a philosophical document, emphasizing your knowledge that employees deserve to work in a safe environment and professing your commitment to guarantee this and plan for emergencies depending on the industry you work in.

This could mean planning job site safety for a construction company, declaring hygiene to be paramount in a restaurant setting, or announcing your commitment to proper evacuation routes and protocol if your office workers must quickly vacate the premises.

Plan For Both Prevention and Minimization

Accidents on the job site are inevitable, but that doesn’t mean that you can’t do your best to prevent them. This might be something as simple as requiring all construction workers to sign a contract that they will wear a hard hat whenever on a job site.

If there is an emergency, your safety plan should instruct workers on how to deal with any plausible issue given their work environment. Office workers should know where your fire extinguishers are, how to operate them, and how to use your fire evacuation routes should this prove insufficient.

Meanwhile, workers in more physical environments should know the proper medical procedure if there is an on-site accident. This might cover the treatment of chemical injuries in a laboratory environment. Meanwhile, employees dealing with heavy equipment should know how to best stabilize a physical injury before medical professionals can arrive.

While you should always plan to minimize work-related accidents and injuries, they are inevitable. By preventing as many work accidents as possible, you can still prepare your crew to respond properly when something does arise.

Get Your Whole Crew Involved

Safety procedures should be reviewed annually if not more often, but this is not a topic that should be kept to management. As the business owner, your base level workers and their immediate managers should also be consulted on workplace safety.

A brief check-in with a department manager or line foreman can provide a wealth of insight as to what your workers understand about your firm’s safety protocols, from what training is lacking to what instruction might border on excessive.

Get a feeling for the situation on the ground and bring it back to senior management to keep your workers as safe as possible. Your upper management can help you decide on a larger course of action, but this is only the case after you gain an understanding of how your policies are being understood on the micro-level.

Global Resources Reviews can make sure that you are always taking care of your most valuable asset, your employees.

Minimizing Business Taxes

Diligent accounting is one of the less glamorous but crucial aspects of your small business. Careful bookkeeping can not only assure that you are paying the proper amount, but you can also find ways to save on your tax liabilities by properly tracking your expenses.

These tips can keep your bookkeeping clear for filing purposes and make it easier to sell your small business all while saving you money along the way.

Organize Early

Many small business owners make the mistake of forgetting about itemizing their expenses and deductions until April begins to rear its ugly head. Understandably, the first few months of operation are often a flurry of different tasks and obstacles to overcome, but even your firm’s minor chores deserve attention.

Keep a constant track of your expenses instead of falling behind to rush and catch up. This doesn’t have to be a matter of stashing away heaps of paper receipts and invoices.

Investing in a scanner and organizing your finances can make it easy to establish your paper trail should the IRS approach you for an audit. This will save you a myriad of accounting fees and court costs if you find yourself in a legal quagmire.

Digital record management is far better for both your company and the environment when compared to the days of hoarding paper products. Over time, you might save on stationary alone by having your finances clearly and immediately accessible by digitizing your information.

Consider Home Office Deductions

Don’t be afraid to write off business expenses for your home office. Some worry that deducting business items kept in your home is practically begging for an audit. Being eligible for a home office deduction means that the space must be used frequently and exclusively for business purposes, so this should be well established.  For example, a place in your home which is exclusively used to store inventory.

Beginning in 2013 tax returns, the IRS began offering a simplified option. This particular method for 2021 uses a pre-determined rate of $5 a square foot with a maximum of 300 square feet.

As long as you are meeting the strict but clear requirements for the home office deduction, claiming it does not put you at increased risk for an audit.

Claim Advertising Costs

Believe it or not, advertising and promotional costs (outside of lobbying) are completely tax-deductible. This includes everything from running a social media campaign, printing and handing out paperwork such as business cards or flyers, and even hiring someone to design a website or business logo.

This is a business expense that entrepreneurs who are not very experienced in business accounting or tax law can easily overlook, but it can be a very beneficial deduction. This is especially true for young firms that are spending a great deal of money on marketing campaigns to gain fresh exposure.

Track Business Use of Your Car

All costs associated with operating an exclusive company vehicle can be considered deductible, but this even applies to instances when personal vehicles are used for company purposes. If you use a personal car to visit clients or deliver products, then that mileage, fuel, and maintenance can be considered tax-deductible.

New firms often make use of otherwise personal vehicles to get business done. Luckily, several apps can track the corporate use of your car to add that to your tax information and make sure that you are minimizing your firm’s tax liability.

Constant organization and transparency are key to making sure that your small business doesn’t become tangled in an audit, but many other loopholes can save your entrepreneurial project money.

Digitize your financial documents regularly, account for home office space if it meets the requirements, deduct all your advertising programs, and be sure to keep track of when private vehicles are being used for company purposes.

Additional Tax Strategies

After a business has been in operation for several years and has grown into a business with significant revenues of over a million a year, there are often more sophisticated strategies which can be utilized to reduce your tax liability, which may include the creation of multiple-entities for asset protection and tax savings purposes.  However, for those strategies, you should engage the legal services of attorneys who have expertise in those areas of the law rather than relying on either your CPA or business attorney.

Global Resources can provide you with even more insight into how you can maximize your tax savings with proper advance planning and recommendations on developing a strategic tax plan using the appropriate professional services needed to accomplish the desired result.

How to Go Green

From reduced operating costs to targeting a particular customer demographic, having your small business become more environmentally friendly can yield a host of benefits. Reviews for Global Resources LLC can help you in all manner of your small business operations in addition to these tips about reducing your carbon footprint.

Go Paperless

Unless you deal specifically in stationary, the vast majority of banks and accounting software allow for paperless services. This will save you on everything from paper, envelopes, stamps, extra printers, to even printer ink costs.

Even paper mail that your company receives should be scanned and digitized for convenience and security. This can be a lifesaver in the event of an audit where you can instantly access and deliver documents that are easy to lose such as printed receipts and mountains of invoice records.

It is always beneficial to cut out the middleman and save your firm’s time when you already receive digital documents and don’t have to go through the hassle of translating paper products to digital. Modern computer technology can save your business entire rooms of inventory where paper records would have been stored in decades past.

Incentivize Green Transportation

If your company is based out of a metropolitan area with reliable public service, you can subsidize your employees’ transportation such as bus or subway passes. This can create a more reliable commute, meaning that employees and you no longer must guess how traffic will be on a given day.

Allowing space for bike storage can encourage workers in a bike-friendly town to pedal into work, another option that often doesn’t vary as much as automotive traffic might.

Finally, for areas that don’t have mass transportation or bike-friendly roads, you can help workers coordinate carpool routes either through personal vehicles or splitting a car in some sort of rideshare application.

Encouraging more environmentally responsible transportation amongst your workforce can also yield practical benefits, as your workers will not have to battle traffic as much and public transport can remove some of the more cliché vehicular excuses as to why a given team member was tardy.

Invest in Renewable Energy

Fossil fuel alternatives have made staggering leaps in the past few decades. From solar panels on the roof of your business to buying an electric company car, there are a wide variety of ways you can jump on the renewable trend.

Many of these options are geographically dependent. Solar electricity requires being located in an area that provides appropriate sunlight, but if you are in a sunny area such as the American Southwest, you might reach a point of energy independence where you can even sell surplus energy back to the power grid.

Likewise, geothermal heating is region-specific, but it can save money on heating costs after establishing the infrastructure. Not only will your heating bill benefit, but you will reduce your dependence on harmful methods of energy.

Consider transitioning your vehicles from gas/diesel to electric over the next decade as vehicle manufacturers begin rolling our more electric vehicles, including trucks.  For example, Ford Motor Company, currently offers an E-Transit electric van with scheduled maintenance costs which are 40 percent lower than the average maintenance costs of a comparable gas-powered van.  Ford, which sells the popular F-150 pickup truck, which is the best-selloing vehicle sold in the US, has introduced an electric version of the F-150 that is arriving in 2022.  General Motors is also developing an electric version of its Silverado pick-up truck.  GM also announced a $7 billion investment into developing electric vehicles.  And, Ford said that it will have annual capacity to build 600,000 electric vehicles, including 150,000 F-150 Lightning pickups within 24 months.  While you would not know it by what you see on the street today, there is a revolution taking place by vehicle manufacturers to fast-track their movement into electric vehicles.  Entrepreneures who want to be on the cutting edge of this green revolution will find long-term benefits and cost savings with lower maintence and fuel costs.  Moreover, tax credits offered by the US government for electric vehicles will lower the initial investment.

Create a Remote Team

Telecommuting has proven to be a viable form of work. Establishing a remote team for departments that don’t have to constantly convene in person can save all parties involved.

Employees can save money and time by not having to commute, and their attendance can be more dependable now that they are not at the mercy of rush hour traffic.

Employers can save on office space and maintenance costs now that they don’t have to accommodate so many departments in each space, and remote employees are often more efficient working from the comfort of home.

Finally, the environment will benefit by reducing energy consumption from vehicles and company housing.

What was once seen as a luxury, an eco-friendly corporate model is proving not only socially responsible but is also showing real benefits for both employers and employees. These benefits are likely to only improve as green-technology advances and scientists look towards alternatives to fossil fuels.

How to Evaluate Employees

Many small business owners rack their brains on designing the proper job interview to meet their company’s needs for any given role. This should always be a point of emphasis, but many entrepreneurs don’t consider how to objectively evaluate a worker’s performance moving forward.

Managers either fall back on outdated forms of evaluations or criteria that don’t even match their industry’s niche. Even worse, some companies don’t even bother to keep concrete records of workers moving forward.

Establishing a set protocol for evaluating work performance can be a great way to track how productive your hiring system is moving forward, always making sure that you are securing the best workforce possible.

Value Performance Over All Else

Some employees can be hard to negotiate with on a given day but still be excellent workers. Senior management and entrepreneurs should not allow emotions to get in the way and consider each employee’s contributions to the firm’s ultimate mission.

Don’t let anyone’s personal preferences get in the way of losing a great team member, but also be flexible when considering a toxic employee who is a great performer at the moment but can bring the firm’s overall production down over time.

Establish Standards

Another way of making sure that your managers are making fair decisions is by establishing clear parameters for them. Creating a clear scoring rubric for interviewees can clean up any confusion and make sure that candidates are being graded on a fair basis.

Set Goals Going Forward

Don’t hold your workers’ feet to the fire at every turn, but successful entrepreneurs would do well to advise their managers of what to look for as a new hire is introduced and learns the ropes.

Establish a timeline moving forward for what skills/knowledge your new employees should demonstrate as they evolve.

This can be a great way to gauge how your hiring process is functioning going forward, so you know if your business can handle employees that only demonstrate basic skills but are highly trainable.

Be Open to Conversations

Never forget that all of your employees are human beings. Everyone is always dealing with some sort of challenge (much like you are as a small business owner). If you notice a dip in production, never be afraid to encourage your managers or hesitate to ask your crew what’s going on in their life.

Some might be experiencing a family tragedy or a personal illness and be struggling professionally despite their best efforts. This makes having meticulous performance notes without being too judgmental especially important.

A struggling employee showing up to work should be a mark for rather than against his or her dedication to your firm. Track work performance but never immediately cut someone who has suddenly fallen in performance.

Showing that you care about someone’s life outside of the office can make them feel valued and double their efforts once they can right the ship and return to work.

No matter what stage you need tips on, from the hiring process, to further work evaluations, Reviews for Global Resources LLC has advice for every step of the way.

Three Traits of Successful Entrepreneurs

Business owners come in all shapes and sizes and occupy every industry, providing products and services to everything consumers express any sort of interest in. Despite this incredible diversity, there are several common traits that successful small business owners all demonstrate in their adventurous vision and persistent work attitudes.

Persistence:

Nothing can take the place of persistence. Courageous entrepreneurs have often set out with brave visions of success only to give up at the slightest inconvenience. Launching your small business is above all about managing a never-ending series of obstacles and finding joy in it instead of frustration.

Before you start your small business, you will have to take a long look in the mirror to determine whether or not you have to grit to see your project through. No matter how much passion you have for your business model, you need to realize that it will not always be fun.

Looking to launch your passion project without the willingness to face hardships dead-on is only planning for financial disaster.

A Commitment to Organization:

It’s hard not to get excited about delivering the end-stage product or service, but many small business owners struggle to wrap their heads around the sheer amount of logistical planning that this usually entails.

Larger companies will be able to outsource corporate mapping over time, but business owners who are first starting need to be able to create their vision from the ground up, designing everything from department organization to individual performance evaluations for employees.

This is not glamorous, but it is vital for everything from pitching your entrepreneurial vision to investors, preparing your business documentation to sale, and finally ensuring that you never stray too far from your company’s goals and mission statement.

Having a Clear but Adjustable Budget:

Unless you have a lot of independent funds to start your business out with, the first few years of your small business adventure will live and die by your ability to balance your checkbook. Never begin sales without discreet knowledge of how much volume you will need to generate to break even.

Too often business owners rely on “hopium”—hoping for the best, rather than engaging in a well-thought-out business plan which will include being prepared for the worst scenarios that can impact the financial well-being, as well as survival, of a burgeoning small business.

Leaders Exemplify Company Values and Exude Positivity:

Hiring the right managers should always be a top priority. Nothing deters talented individuals and encourages good employees to leave quite like toxic leadership. Good leaders not only attract qualified individuals, but this can also aid with general networking, always looking out to make mutually beneficial links in any given industry.

Business owners should be the type of leader they would like to employ, but you also need an effective way to evaluate potential managers. Many job seekers entering these positions just know what to say in a traditional interview, but your business needs to find a way to separate managerial candidates who do the right thing from those who only know the right words to say.

Launching a small business is never easy, but it can be incredibly rewarding for the right individual. If you find that you possess the following traits, then launching your small business with the help of GR-US.com is the right decision for you.