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Tom Stamborski- Alternative Business Financing

1/11/2021

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Typical Situation: Our client needs funding to pay bills on time. They have orders coming in, but are not getting paid on time or “in time” to pay bills. They could also be getting a large order, that may require up front funding to vendors.

When you hear a business owner say:
·        “My cash flow is poor”
·        “I’ve got good customers but they’re paying my invoices slow/beyond terms”
·        “I received a large order but can’t pay my supplier/s”
·        “I’m too new to get bank financing”
·        “My bank won’t provide enough financing to meet my company’s needs.”
 
An Accounts Receivable Consultant provide strategic financing solutions for business to business companies.  Strategies include accounts receivable financing as well as purchase order financing, work-in-process financing and asset based loans.

How they Work The Consultant visits our client and conducts a comprehensive analysis of the client’s situation as to the history of the business, opportunities and challenges, current financial condition and current financing, if any, as well as their financing needs.

Matching Ideas with Resources:
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John Martin- Printing "Leave-behinds"

12/14/2020

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Typical Situation:
Our client has are looking to increase sales. Maybe they are looking to do a direct mail campaign. They need to revisit or update their marketing collateral. They have multiple locations and each location needs marketing collateral. Could be looking to revamp their marketing material

When you hear a business owner say:
• “Our printer charges us for last minute jobs.”
• “We need a web to print solution.”
• “Our marketing collateral is obsolete.”
• “Our process for collecting dues is a nightmare.”
• “I need to get more out of my print campaigns.”
• “I would like to personalize and customize our marketing collateral. “

The Print Consultant provides fully integrated print and mail fulfillment services and technology. They consult with companies of all sizes to craft customized solutions that meet their needs. Personalized print collateral delivered via print on demand eliminating obsolescence.

How they Work:
They meet with clients to understand their marketing goals and objectives and gain an understanding of the tools/resources that are currently being used to market to their target markets. They then offer a solution to deliver results in one or two areas
1. Increase customer engagement
2. Offer savings on overall print spend.

Matching Ideas with Resources:
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Business Owners need to know about Unemployment Insurance

11/23/2020

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A little longer then the regular "Ten Minutes with Tom" but GREAT information for Business Owners on the upcoming unemployment rates.

Circle Jan 2nd, 2020 on your calendar. That is the last day the CARES Act is in Force.

​Listen to learn more!

More info from the State Of Illinois: 
​https://www2.illinois.gov/IISNews/22388-State_of_Illinois_COVID-19_Update_-_Monday_November_23.pdf

Typical Situation: Our client has seen an increase in their Contribution Rate Determination (unemployment tax rate) that is mailed to all Illinois employers on or about December 1st every year.  They also have protested their own unemployment claims but have not been successful at getting benefits denied.
 
When you hear a business owner say:
•           “I do not understand why someone was allowed to collect benefits”
•           “I hate dealing with the unemployment office as it is a no win situation”
•           “General: complaints about their unemployment claims “
 
The Consultant educates them on the unemployment laws in Illinois and to help them reduce their state unemployment taxes.
 
How they Work: They protest the claims filed against the employer and represent the employer at all unemployment hearings and go to their locations to do training sessions to educate the employer on how to handle different types of situations.  They will verify all the charges to the employer’s account to make sure they are not being charged more than they should be charged. 
 
You can introduce them:
“It sounds like you may need some help with your unemployment claims against you. I can introduce you to someone that can help. They would be happy to have a telephone consultation to discuss your situation.   
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Neil Schwan- Cost Reduction Specialist

11/16/2020

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What is a “Typical Situation” people are in when they realize they need your help?
Someone who has been using the same vendors and suppliers for a long time without sending them out to bid. OR Someone who needs to reduce costs but doesn’t have the time or the staff to perform a competitive analysis.
 
What is something someone might say that would lead me to think of you?
I can’t make sense of my complicated bill and I don’t know if I am paying the right amount...or I think I am being over-charged by a particular supplier!
 
What (Specifically) do you do?
We make sure our clients are paying the right amount to their suppliers of telecommunications, credit card processing, small package shipping, electronic document signature and waste services
 
How do you do it (3 Lines Max)?
  1. We review the last 3- 12 months of billings and recover any overcharges and incorrect billings.
  2. Then we make sure our clients are only paying for services they need.
  3. Last we negotiate new rates with current suppliers and alternative suppliers and present a report for the client to decide for themselves.
We do this service with no upfront fee. There is only a fee if we save money and the client decides to go ahead. 
 
Matching Ideas with Resources: 
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Nichole Silmon- Energy Broker

9/14/2020

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BASiC Accounting from GLM

8/31/2020

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Networking Calendar

8/24/2020

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Networking Calendar:
https://www.glm-accounting-bookkeeping.com/networking-calendar.html

Learn More from Tom Gosche, Business Strategist from GLM
​tomg@goglm.com 630-675-8971
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Business Communications

8/17/2020

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Matching Ideas with Resources 
I'd like to introduce you to David Telisman, an experienced writer and content creator, who works with businesses to inspire their customers to buy from them. David believes that his clients deserve to feel proud of how their content marketing looks and what it says, and he delivers by providing expert copywriting and digital marketing solutions. You can visit his website where you can find testimonials and his portfolio of work. Please let me know if you're open to having a conversation with him. Thank you.

What (Specifically) do you do?
David Telisman is a content writer and creator.
 
How do you do it?
Website copywriting, design, and hosting.
Blogs, articles, email marketing, and social media marketing
 
What is a “Typical Situation” people are in when they realize they need your help?
They need a new website because theirs is old and static. They need to tell their story better and make sure it gets to the right people.
 
What is something someone might say that would lead me to think of you?
  • “I need marketing help. I have no idea what I’m doing.” 
  • “I hate my website.” 
  • “My messaging is decentralized and all over the place. I need something consistent to push out to my customers and audience.”
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Human Resources Consulting for Small Businesses

7/6/2020

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What is a "Typical Situation" people are in when they realize they need help? 
  • They are growing and are unsure if they are legally complaint.
  • Employees appear to be unhappy or have high turnover of staff and don't know what to do.
  • They feel they have been "winging it" for too long and want to formalize processes.

What is something someone might say that would lead me to think of you? 
  • “If I could do this without employees I would.”
  • “I feel like I've lost control of what people are doing - one person wants one thing and the other something else. I don't know what to do.”
  • “My employees need someone to talk to that isn't me. Why do people come to me with their issues.”

What (Specifically) do they do?
Uncomplicate the people side of business. Help business owners success through and with their employees.

How do they do it?
Sitting down with the business owners to understand their needs and concerns. Create an action plan in order to achieve goals. Provide on-site support as needed so we are the go-to person for the employees and the owner. 

Matching Ideas with Resources 
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​Technology- Software Consulting

6/15/2020

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Typical Situation: Our client’s systems that are currently in place do not keep track of inventory or improve operations. Our client has outdated technologies that complicate processes and prevent growth. They often lack standard business process and never certain of the best way to handle.  They may also struggle with too many manual processes, find it hard to complete upgrades, or have difficulty having their systems talk to each other.
 
When you hear a business owner say:
  • “I need help in figuring out how to make software work for my company”
  • “Our software is not meeting our needs”
  • “Why is our staff always doing routine tasks in different ways?”
  •  “We access our systems remotely.”
  •  “We are thinking of getting a new system. Should we? Shouldn’t we?”
 
Technology Software Consultants help manufacturers and distributors implement application technology that makes their businesses run better.  They can help clients solve business problems by using systems that are currently in place or help them to find the appropriate software and vendors to improve operations. They will work with ERP systems, Warehouse Management systems, bar code scanning technology and other supply chain technologies.
 
How they Work Consultants utilize business analysis skills, sound project management methodology, and common sense to implement systems.  They will work with and manage vendors to control the project and ensure that projects are on time and on budget.  They also train employees to ensure that they understand what systems are supposed to do as well how to use new technology.
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<<Previous

    GLM's Blog

    In true blog fashion, the last parts are at the top of the page. Scroll all the way down and work your way back up to read them in order. 

    Tom Gosche

    Tom is the Business Development Manager for GLM. If you are interested in learning more about GLM's services, contact him:

    630-675-8971
    tomg@goglm.com
    View my profile on LinkedIn

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GLM, Inc.
 
300 N. Martingale Rd., Suite 750
Schaumburg, IL 60173-2097
 
Phone: (847) 884-1781
Fax: (847) 884-1830
E-mail: info@glmfinancial.com
Website: www.goglm.com 

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