Enterprising women

Enterprising women

Enterprising women distinguishing on business

Many women have great ideas to start new businesses, but they do not have the whole tools to develop them until they become true. So in this occasion, we will dedicate this note to give advises to the enterprising women.

“An enterprising woman can achieve everything she proposes, by dedicating a great effort till she is able to turn her dreams into realities”, said Salomon Juan Marcos Villarreal, president of Grupo Denim, regarding enterprising women.

Here are some tools you can use in order to set out your own business:

Develop your idea – When you have a business idea the most recommendable thing to do is to develop it in a commercial way, this will help you to review the profitability and discover potential customers for it.

Check your environment – When you start with your idea, you must keep in mind that the success of your business will in part depend of its localization, so you need to identify in which place it will be more successful before you set it up.

Innovate – Sometimes you can create your business starting from an existing idea, the important thing to make it is adding your own details that will make it outstand from your competence.

Plan – An enterprising woman knows that it is all about planning, before you start running your business, you must have all aspects of it planned, remember to go step by step, check the real cash flow of your business and never compromise more patrimony than what is available.

Formalize it – Once your idea has been developed, and you have chosen the right place and after your business have been completely planned, it is time to go for it and formalize your enterprising, remember to have legal advice to protect your business, as, after all, your business will be part of your patrimony.

“It is only with enthusiasm and desire to succeed that everything can be done, enterprising women are able to reach all of their goals by working hard and never give up by the obstacles met”, added Salomon Juan Marcos Villarreal.

IFAI

IFAI

The Industrial Fabrics Association International IFAI

The Industrial Fabrics Association International IFAI is a not-for-profit trade association comprised of member companies representing the international specialty fabrics marketplace. Member companies range in size from one-person shops to multinational corporations. Members’ products cover the broad spectrum of specialty fabrics and include fibers, fabrics, end products, equipment and hardware. IFAI is the largest, most comprehensive trade association serving this industry, and provides value to its members through:

  • Trade shows and events
  • Publications
  • Divisions and country sectors
  • Sourcing and information hotline
  • Technical services
  • Legislative updates
  • Business services
  • Certification and awards programs
  • Educational programs
  • Industry resources

A series of strategic moves including targeted marketing to visitors, good location, involving suppliers in show marketing efforts, return of a keynote address and expansion of the market application inclusions helped the Roseville, Minn.-based Industrial Fabrics Association International (IFAI) host a successful IFAI Expo 2015 recently in Anaheim, California.

In 2015, IFAI continued to define several distinct markets within its show Specialty Fabrics Expo, Advanced Textiles Expo and the newly added Shade & Weather Expo, but combined them under one event banner called IFAI Expo. Each section had its own education track and separate physical space on the show floor.

The aisles in the Specialty Fabrics and Shade & Weather sections were filled until the end of the opening day and continued strong on the second day. According to show management, more than 5,500 people registered for the show, which represents approximately 30-percent growth over last year’s event held in Minneapolis. Equally exciting for the exhibitors was that more than half the pre-registered visitors said they were first time attendees. The number of exhibitors also grew slightly to 376.

The Industrial Fabrics Association International (IFAI) from California location also attracted a higher than typical number of companies from Mexico as Grupo Denim, in addition the exhibition hall was definitely very positive said Salomón Juan Marcos Villarreal the president of this company.

Financial mistakes

Financial mistakesFinancial mistakes of an entrepreneur

An entrepreneur must take into account all aspects before deciding to begin a new business, such as lack of profits at the beginning, unexpected expenses, mismatches between payment due dates and some other aspects that might carry a company to financial disasters if they are not considered.

“Any entrepreneur should always consider that at the beginning of any business, the lack of incoming money, can be a financial problem, so they should always count with funds for sudden expenses”, commented Salomon Juan Marcos Villarreal, president of Grupo Denim, about this topic.

These are some common financial mistakes that an entrepreneur should always try to avoid:

  • Poorly planned Budget – One of the most common financial mistakes are to make a budget without considering the medium term needs first, as it would be by then when new investments should be done again in order to face the market, if this is not planned correctly, the entrepreneur can end at the beginning, so it is basic for a company to make financial plans from one to three years to the future, or up to 8 years for an industry. This plan, as its name shows, is only that, it is not necessary to be so strict about it, this plan should be checked and adjusted continuously, depending on the company’s needs.
  • Fixed expenses – An excess of fixed expenses can be the cause of a company’s failure, as there are many different aspects to consider before a new business begins. If an entrepreneur opens a business with many customers but if it is not on a centered place, you will not get too many customers, this means that the fixed expenses will be higher than the profits.
  • Excessive indebtedness – Another common mistake of an entrepreneur is to finance its business from its own pocket and get a bank loan for the rest, this could be the end for any businessmen. You should always consider that failure is not always due to the lack of customers only, it might be sometimes due to a wrong calculation of expenses and incomes.

“Success of any business depends on a good balance within it, an owner of a company must always find a good balance for the company’s budget, considering all aspects, such as not receiving payments on time, and as long as you consider all possible aspects, you can avoid any financial mistakes that can put your company into risk”, added Salomon Juan Marcos Villarreal.

Corruption in Mexico

Corruption in Mexico

Corruption in Mexico, a growing problem

Corruption has existed on humanity since long time ago, and this practice has become a tendency in all type of organizations, which begins when a service provider or company tries to take an economic advantage by conditioning their help to people who is needing those services or products.

Among many of the problems caused by corruption acts, we can find the a reduced credibility and legitimacy in an institution or the government, especially when acts of this type keep on happening and are seen as a more natural practice every day.

“Corruption brings with itself some other consequences, such as extortions, frauds, influence peddling, loss of ethics among some other problems. This is why it is very important to avoid making these practices that will only benefit those parts who will try to take advantage of these acts”, commented Salomon Juan Marcos Villarreal, president of Grupo Denim.

In Mexico, there is a widespread culture of illegality, which means that a huge number of persons for which law does not exist. For this reason, recipients and beneficiaries believe that a simple “bribe” could accelerate any procedures and prefer to do it than to going through a bureaucratic system.

The corruption acts damage a big amount of Mexican enterprises, as well as Mexican people, as once they pay to make processes faster, they have to pay an amount that would affect their finances, as the only benefited person is the one who receives bribes.

“Corruption is a part of a social phenomenon that attacks all social classes, it is through corrupt acts that a person can make a fortune at the expense of the others, for this reason avoiding any type of corruption will benefit us all”, added Salomon Juan Marcos Villarreal.

Mexico, a country of entrepreneurs

Mexico, a country of entrepreneurs Mexico, a country of entrepreneurs and great businessmen

Mexico is actually the second country with biggest potential for entrepreneurs, as they feel backed up and are not afraid of failure, reasons to strengthen decisions to open new companies in this country.

All over the world, Mexico has only been passed by Colombia as a potential entrepreneur, according to the Global Report of Entrepreneurs Amway, since a 56% of Mexican people respondents have confirmed they can see themselves opening up their own business, while the percentage of Colombian reached a 63%.

Among the characteristics that have Mexican excelled as entrepreneurs, you can see their tendencies to be their own bosses, their lack of fear against failure, and the support provided by the business nets, reasons that inspire them to open up their own business.

“Mexico has always been characterized to be a country who fights together to get ahead in business, even on small ones, which are a very important part for Mexican economy and job resources”, opined Salomon Juan Marcos Villarreal, a Mexican entrepreneur about this topic.

At least 7 of 10 entrepreneurs fear failure, which is a main reason for them to hold themselves from taking decisions to undertake business; however, this does not seem to be a problem for Mexico, since less than half of people polled, thought failure is not a good reason to worry about.

Financing and economic conditions offered to entrepreneurs in Mexico also play an important role, as a 77% of respondents confirmed to be able to start their own business with favorable economic panoramas to achieve it.

“Economic independence, having more time to spend with family, personal realization, economic support, helping other people by offering good salaries are some of the most important reasons to motivate Mexicans to start their own business”, added Salomon Juan Marcos Villarreal, president of Grupo Denim.

General Manager

General Manager

Communication of a General Manager

We all know that a General Manager in a company is always too busy, with an endless list of pending things to get done, reminders or meeting that he must attend punctually, among some other issues. All of these tasks makes it hard for a General Manager to remember the importance of his public relationships to make a company grow up.

The Digital Marketing, has become a key part for communication within an Enterprise, which can be used by a General Manager to use on his benefit. This type of marketing consists on making the company to be known and its products or services to be promoted without forgetting the rest of his activities.

“Many companies have decided to use technology to be known, such as Internet, using the social networks, e-mails or blogs as most nowadays communication can be easier, so we can take advantage of that and use it on the company’s benefit”, commented Salomon Juan Marcos Villarreal, president of Grupo Denim.

A General Manager has many important tasks to do every day, but he must always find enough time to establish a good level of communication with his customers, as well as his own staff, as this will help him maintaining a solid business and make sure it keeps on growing.

Leadership is an indisputable characteristic that every General Manager should have in order to keep a personal communication level with everyone working with him. He should also know that every company has risks of facing crisis at any point, and  handling a good type of communication, he cannot only face those crisis but be able to discuss solutions, communicate the situation with the investors of the company, customers and workers and all of this can only be done by having a good communication plan.

“An effective communication by a General Manager will not only give enough security to the customers but to the workers of a company, which will feel a working stability and will approach him to communicate its concerns and ideas which will help the company to reach its goals”, added Salomon Juan Marcos Villarreal.