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Resource Management, Inc.

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This is Fred Ball for Zions Bank, speaking on business.

In my work with small business owners over the years, I've learned that they're often challenged with many responsibilities. They're the president, the chief financial officer, manager of human resources and even sometimes the administrative assistant. It can be overwhelming, which explains why so many small business owners spend every waking hour at work.

But it doesn't have to be that way, says Kurt Larsen. His company, Resource Management, Inc., based in Salt Lake, specializes in helping business owners manage things that are somewhat extraneous to productivity--things like payroll preparation and distribution, employee benefits, managing human resources and risk management.

As a former small business owner himself, Kurt recognized the need for those services and founded Resource Management in 1992. The company has quickly grown and serves more than 300 businesses throughout the West, ranging in size from just five employees to more than 300. Its offices are located in Salt Lake, St. George and Seattle.

Kurt told me Resource Management provides a turnkey approach. In managing human resources, for example, the company essentially steps in and functions much like an HR department in a large corporation. In hiring, they can develop job descriptions, recruit employees, screen applicants and provide orientations so that when new employees report to their new employer, they are ready to work.

The company also recognizes that every small business wants the best employees. Resource Management attracts them by offering the best benefit packages, including medical coverage and 401(k) savings, comparable to those offered at some of the world's largest and most successful companies. By doing so, Resource Management helps small businesses compete with large corporations for the best talent.

And that's made a lot of small business owners happy. In fact, Kurt said 95 percent of his clients have come from referrals. And due to that success and its rapid growth, the company will move to a new 35,000-square-foot building in Salt Lake this fall.

For Zions Bank, I'm Fred Ball. I'm speaking on business.

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