07 22 2014

07 22 2014

Getting Resourceful: 3 Tips For Using Your Skills to Strengthen Your Business

More often than not, you have to think outside the box to succeed as an entrepreneur, and this success is about more than having a great product or service – you have to stay fresh and deliver what consumers really want to thrive. Fortunately, you have the skill set necessary to improve your company in a variety of ways, and if you get resourceful, you can take your company to new heights. Here are a few tips for getting resourceful and making the most of your time:

1. Keep dreaming

Just because you’re focused on surviving day to day doesn’t mean you should stop dreaming. In fact, allowing yourself to think big and make long term plans can keep you on your toes and help you get ready to tackle any challenges that come your way. Alex Winter, CEO and founder of Placemeter, told Mashable about the importance of thinking big in business.

“Don’t trade your ambitions for leanness,” Winter said. “Be resourceful and scrappy, but keep aiming high.”

He continued by saying that business owners should be wary of what they accept as success – instead of settling for what you have, strive to do more.

2. Make smart hires

A good business needs strong staff, and that doesn’t just amount to hiring qualified and well educated employees. Because small businesses often operate in tight quarters and focus on company culture, it’s important to find staff members who understand you, your existing employees and your business’ mission statement. Alexa Hirschfeld, cofounder of Paperless Post, expanded on this topic.

“Never compromise on the quality of a new hire in a small company,” Hirschfeld told Mashable. “If need be, contract with super talented people who you can’t hire yet to get to know them. Recognize that skill comes first and personality comes second, but if the personality is wrong, still don’t hire someone.”

3. Explore your financing options

While hiring smart staff members that fit into your company culture is important, finding the funding to take on new hires can be difficult. Your dreams, too, may be bigger than your budget, which can be problematic when trying to expand.

Approach funding logically, and thoroughly explore your resources. One option for obtaining the small business working capital you need is to contact lenders like National Funding. National Funding offers ease of access to entrepreneurs looking to make their mark in business, and offers everything from small business loans to equipment leasing and financing.


  • Business functions simplified

    Simplify These 6 Business Functions By Moving Them To The Cloud

    As a small business owner, the more time and money you can save without sacrificing quality, the better. That's why cloud-based technologies have become so popular among business leaders. They are inexpensive, easily accessible and generally uncomplicated to use. Entrepreneur contributor Andre Lavoie pointed out that, because the cloud allows people to access files from… […]

  • working capital small business loan

    What Is Working Capital: A Guide to Small Business Funding

    As the saying goes, you have to spend money to make money. When starting or scaling a business, you'll need to invest in certain assets, like inventory, space or employees, before you start making a profit. But, before you begin putting money toward equipment, supplies or other needed purchases, it's critical to understand your current financial… […]

  • Inventory loans for small busineses

    What You Need To Know About Inventory Loans for Small Businesses

    If you're running a business which brings in most of its income through sales of physical products you know that keeping the shelves stocked is an important aspect of keeping your operation healthy. That's not always easy, though. Every business model has on- and off-seasons. A florist might see a large part of its revenue… […]

  • Entrepreneurial books to own

    7 Books All Entrepreneurs Should Have On Their Bookshelves

    Becoming an entrepreneur can be a fun, exhilarating adventure. But sometimes, the enormity of the challenge of starting and leading a successful business can be overwhelming. In those moments, it's important to have inspiration to propel you forward, or advice to give you clarity to your situation. Luckily, some of the best business advice and… […]