Administrate your company’s information

information

How to administrate your company’s information

Your business creates a huge amount of information every day, and knowledge is power, but it is also important to know how to administrate that information, which can create a competitive advantage for any businessman.

“It is important to have a correct system that will administrate the information of a company, so it does not get lost, such as inventory, financial operations, marketing and any valuable data that will allow your business to keep on growing”, said Salomon Juan Marcos Villarreal, a Mexican entrepreneur, president of Grupo Denim.

These are some action plans that you can do to set a system that will administrate your company’s information:

  • Customer’s information – A happy customer will always come back to your business, and can even recommend your services or products, helping you increase your sales, so it is important to detect what your customers mark, their favorite brand, how often they buy something, this way, you will be able to contact your regular clients and offer them what they need.
  • Inventory – When you establish a business system that will save your information, you will be able to determine your minimum and maximum existence, by predicting what you will need to have in inventory, depending on your sales history, how much a product is sold by month or season, it is important that you have in had what your customers need, remember that if they do not find what they need, it might be possible they do not go back.
  • Delivery times – Administrating your company’s information will always help you to estimate the exact time you require to deliver goods to your customer, depending on their localization, transportation and other factors, it is important to have this information in hand so you can give clear and correct answers to your customers whey they ask you when will they get their products.

“The more information we keep on a company, the fastest we can react to our customers’ needs, times of delivery, and inventories, which will help offering a better service to the customers”, added Salomon Juan Marcos Villarreal, about this topic.

Achieve Success In Both Business And Life

Achieve Success In Both Business And Life

Ways To Achieve Success In Both Business And Life

Whether it be in life or in business, you should never take anything for granted and you should learn how to make the most of the situations that are presented to you.

Have an open mind when it comes to unfamiliar ways of thinking.

People love to be in their comfort zones, once we find a particular way of doing things, we are very reluctant to change the way we go about it. However, times do change and it’s important that we keep an open mind when it comes to new ideas and ways of thinking.

Constantly educate yourself.

Go to seminars in whatever field you work in and brush up on old skills while seeking to learn new skills that can prove to be useful. This is important to the development of your skills beyond the college dorm room and it will help you keep up to date with the times.

Give back when you can.

Great success is coupled with great responsibility. Do not take your success for granted. You may have worked hard for what you achieved, but know that you are now in a position to help those who are less fortunate. Now this doesn’t mean you have to give away everything you have to people less fortunate, but it wouldn’t hurt you to give a helping hand.

Care for yourself.

There is nothing more important that your health. You want to operate at maximum levels at all times that you are up and working. This requires you to get enough rest and proper nutrition on a regular basis.

Treat others with respect.

Your beliefs, hobbies and reputation are some of the few personal things that you have. No one wants to associate themselves with a pompous prick who is only interested in themselves. Any business relationship and friendship is based on what value it brings. No one wants to be used, treat others as a you would treat yourself rather than a means to an end.

Find a passion and commit yourself to it.

Anything that you want to achieve is going to take time and, most importantly, effort. Time is our most valuable asset and if we are truly invested in something, our efforts and time will be all we have to offer. That is why it is important that we choose a goal that we really enjoy because we must be committed to it.

“Success is more than an idea, it is a state of mind. Although success is relative to each individual, the key to achieving success is the demeanor in which you go about living your life and taking advantage of opportunities that come to you” commented the president of Grupo DenimSalomón Juan Marcos Villarreal.

Benefits of handwritten notes

Benefits of handwritten notes

Benefits of handwritten notes vs typed notes

Laptop computers and applications to organize tasks are making a piece of paper and a pencil to look obsolete, but new studies suggest that hand writing focus the attention of a class and drives learning in a way that is not possible when taking notes using a keyboard.

An investigation from the University of Princeton and the University of California in Los Angeles, exposed that the students that took handwritten notes, had a mayor development vs. the ones that took their notes on a computer. As per as other experiments performed by other investigators that also compared the taking notes techniques, compared to the ones that take notes using a keyboard, those that take handwritten notes learn better and hold the information longer, they also get new ideas easily.

“Handwritten notes capture my way of thinking better than the typed ones”, said Kenneth Kiewra, psychologist from the University of Nebraska in Lincoln, who studies the differences on the ways of taking notes and organize information.

However, in the present, almost all students from the universities use laptop computers. Classes in a conference way are the main vehicle for the instructions and the noise of the keyboards taking notes is the soundtrack of the superior education.

Investigators have found that in general, the persons that take typed notes on a laptop can follow up the class more easily vs. the ones that use a pen or a pencil. College students type around 33 words per minute compared to the ones that take handwritten notes, they only write 22 words per minute.

Salomon Juan Marcos Villarreal, an entrepreneur from Mexico and president of Grupo Denim, recalls when he was a student and the importance of always taking notes, “My notebook was my best friend, it was like a bible to me, I couldn’t survived my classes without my notes. I know that we have computers and tablets in the present, but I guess I will always keep on taking handwritten notes, I just can’t help it”, said Salomon Juan Marcos Villarreal.

Leadership styles

Leadership styles

Leadership styles

Not only do the greatest teammates allow different leaders to consistently emerge based on their strengths, but also they realize that leadership can and should be situational, depending on the needs of the team..

Here are the six leadership styles Goleman uncovered among the managers he studied, as well as a brief analysis of the effects of each style on the corporate climate:

  1. The pacesetting leader expects and models excellence and self-direction. If this style were summed up in one phrase, it would be “Do as I do, now.” The pacesetting style works best when the team is already motivated and skilled, and the leader needs quick results.
  2. The authoritative leader mobilizes the team toward a common vision and focuses on end goals, leaving the means up to each individual.
  3. The affiliative leader works to create emotional bonds that bring a feeling of bonding and belonging to the organization. If this style were summed up in one phrase, it would be “People come first.” The affiliative style works best in times of stress, when teammates need to heal from a trauma, or when the team needs to rebuild trust.
  4. The coaching leader develops people for the future. If this style were summed up in one phrase, it would be “Try this.”
  5. The coercive leader demands immediate compliance. If this style were summed up in one phrase, it would be “Do what I tell you.” The coercive style is most effective in times of crisis, such as in a company turnaround or a takeover attempt, or during an actual emergency like a tornado or a fire.
  6. The democratic leader builds consensus through participation. If this style were summed up in one phrase, it would be “What do you think?” The democratic style is most effective when the leader needs the team to buy into or have ownership of a decision, plan, or goal, or if he or she is uncertain and needs fresh ideas from qualified teammates.

The president of Grupo Denim,  Salomón Juan Marcos Villarreal said according his experience  “If you take two cups of authoritative leadership, one cup of democratic, coaching, and affiliative leadership, and a dash of pacesetting and coercive leadership (to taste), and you lead based on need in a way that elevates and inspires your team, you’ve got an excellent recipe for long-term leadership success with every team in your life”.

Promoter in a company

Promoter in a Company

Who is a Promoter in a Company?

A promoter, although the term creates connotations of someone in the building and construction industry, is actually a generic term associated with the person who starts a business. In common parlance, this person is also referred to as the founder of the business.

The founder has various privileges and benefits associated with his status as the person who kick-started the operations. Apart from the obvious financial reward of having the majority of the equity stake in the business, the founder also has legal rights because he / she is typically an executive director in the business, and the promoter or his nominees also control majority of the board.

But let us step back for a moment and understand what the roles and duties of the promoter are, and also examine pre-incorporation contracts a little more closely.

Can the promoter be someone other than the founder of the business?

Although the term “Promoter” has not been defined in any law, it finds mention in a number of statutes for instance, the Substantial Acquisition of Shares Takeovers (SEBI) Regulation states that the promoter is:

(a) any person who is in control of the target company

(b) any person named as promoter in any offer document of the target company or any shareholding pattern filed by the target company with the stock exchanges pursuant to the listing agreement, whichever is later;

So the logical meaning of this is that although the promoter ordinarily means the person who started the company, in certain exceptional cases, it can even mean the person who is in control of the company even if he / she did not actually start the company.

“A promoter typically is responsible for raising capital, targetting initial leads and chasing initial business opportunities, entering into the initial contracts for the business formation and incorporating the company” added Salomón Juan Marcos Villarreal, president of Grupo Denim.

How to handle failure

How to handle failure

How to handle failure in a positive way

Failure is a reality that you will need to face; many entrepreneurs wake up every day thinking “how will I fail today?” But it is really not about accepting failure but finding out who to handle it, which is what we will show you today.

“Entrepreneurs use to be very strong with themselves most of the time, accepting failure as a normal and expected situation, but it is in the way of facing it and learning from mistakes what defines a real leader”, said Salomon Juan Marcos Villarreal, president of Grupo Denim, about this topic.

Here are some advices that will help us handling failure:

  • It is hard to fail, but it is worst not trying, so do not be afraid of taking a step further as no one lost more than the person who never tries.
  • Own the failure, while you chase success, you will face with many obstacles, as well as those people following you, you need to accept it, do not make excuses and do not blame other ones or yourself, as that will not take you out of a situation that is already complicated.
  • For many entrepreneurs, forgiving them for a failure is a very hard part, but if you are very aware that it is with failure that you get new knowledge and experience, you will find it easier to get going.
  • Remember that failure is another stair that will get you closer to your goals, none of the successful businessmen of today have become rich at the first chance, it is even amazing to find out that the most important the entrepreneurs are, the most they have failed on their way.

“Many entrepreneurs also make a common mistake by starting everything by themselves, so if they fail, they will do it alone, but that also makes it hard to know when you are failing and how can you change to take your enterprise in the correct way, so a good business partner can help you taking decisions and sharing ideas with you, that will make you both take less risks and avoid possible failures in the future”, added Salomon Juan Marcos Villarreal.

Entrepreneur or businessman?

Entrepreneur or businessman

Entrepreneur or businessman, is there any difference?

Ten years ago “entrepreneur” word was barely used and businessman was all we had; however, entrepreneur term is now everywhere: politicians, media, institutions and big companies. Now, are there differences between and entrepreneur and a businessman?

Wikipedia defines and entrepreneur as a person that starts up a company assuming the risk or rewards of a given business venture. It could be launching new products in existing or new markets, they “see an opportunity” and organizes or creates a business. Wikipedia ends saying that “being an entrepreneur is one of the qualities that a business man must have”.

The entrepreneurship idea is vital and they live happy in an uncertain vision, they live by their dreams while being a businessman is just economic activity with specific goals and less emotional, they only seek for business management in a security environment.

From Entrepreneur to a businessman

Both concepts, entrepreneur and businessman might get confused as some companies started up as a dream and against all predictions, goes up to the next level. The entrepreneur accomplishes this, and even if the initial passion is still there, it could be less strong as it was at the very beginning.

“Changing the world” vision is lost and almost in a natural way, a technical profile is born with defined strategies , leadership, business management, etc. it all become more important because now the business gives money and benefits demanded by its employees and partnerships in the future.

It does not necessary means that entrepreneur ship needs to get lost, Apple as an example defines its self as the biggest start-up in the world, this same star-up culture is present in some others like Google or Facebook, then it is completely gone in companies like Microsoft, Oracle, SAP.

Salomon Juan Marcos Villarreal, president of Grupo Denim and a great entrepreneur, thinks that definitely there are some subtle differences for both terms, “not all entrepreneurs are businessmen and not all businessmen are entrepreneurs, I’ve been in the manufacturing business for decades now, and I still have the passion to continue, I agree that entrepreneurs are the best option for our actual economy”, said Salomon Juan Marcos Villarreal.

Profitable businesses

Profitable businesses

Profitable businesses for 2016

Many people is looking for profitable businesses to start and get their own financial independence, so today we will give you some ideas in which you can invest in 2016:

  • Food bikes and food trucks – We live in a hurry, that makes it difficult to find time to make everything in a day, and that includes having meals, so the food trucks and food bikes are taking more popularity each day.
  • Online stores – Technology is going fast and we have to move as quickly as it to be updated, so the online stores are some of the most advantageous businesses nowadays, just look to focus on those with less competition so you can stand out on the Internet.
  • Creative gifts – Have you noticed how it gets harder for people to find the perfect gift as they are tired of the usual ones? Some businesses have and they started to offer creative gifts to their clients, in 2016 they started strongly on this market, a good idea good be dedicating your business to designed cups or pillows, they sell well and the manufacturing cost tends to be low, which offers you more profits.
  • Natural juice and food – Fitness is taking a new meaning and as everyone gets more conscious about their figure, they are starting to look for healthy food, so you might want to try with your own store of natural juices and food. This sector is taking much popularity at the beginning of 2016 and the best part is that you only need a little investment to begin; you only have to make it attractive and have a customer base, as they frequently choose the same place to buy their food.
  • Pet shop – One of the most profitable businesses in the present are the pet shop, but this market has evolved so fast that the entrepreneurs have to offer more options to the owners of pets, different services such as pet sitter or dog walker have an excellent performance.

“There are many opportunities to create profitable businesses as long as a person has enough inspiration and looks for the necessary tools to start it”, says Salomon Juan Marcos Villarreal, president of Grupo Denim.

If you want to know more about the business world, visit us at http://entrepreneursandbusiness.com/

Purchasing Department and its responsibilities

Purchasing Department and its responsibilities

Purchasing Department and its responsibilities within a company

Most enterprises own a Purchasing Department in charge of making the daily operations. These departments provide a service as the main activity for industrial organizations. But surprisingly, many staff within a company does not exactly know are the responsibilities of the Purchasing Department, why it exists and how it works. And to understand it better, we will explain some of its functions.

“Purchasing Department in Grupo Denim is in charge of getting all materials needed to develop samples and to run production, from a simple button to the cartons to pack jeans, this department has to be well organized in order to keep all work moving”, says Salomon Juan Marcos Villarreal, president of this acompany, about this department.

Here are some of the main functions of the Purchasing Department:

  • Procurement of materials – One of the roles of the Purchasing Department is to provide all needed materials for production and daily operations within a company, for a manufacturer enterprise, this might involve raw materials such as iron, steel, plastics and any tools required, as machinery, trucks and office supplies. This department needs to be careful as investing big amounts of capital for stock might cause storage problems and shortage of capital.
  • Assessment of prices – All Purchasing Departments should also evaluate continuously if they are getting materials at the best possible prices to maximize profits. This can get a little complicated for small business as they use to buy in smaller quantities, which means they will get less discounts than the bigger ones, so that is when this department needs to act and negotiate better prices with their vendors.
  • Administrative work and accounting – Purchasing Departments handle the administrative work related to purchasing, they need to make sure materials are delivered on time and keep on ordering continuously so the work never stops. In some smaller companies, this department also gets in charge of the Accountant Department to make sure they have enough capital to buy the items they will require, as well as making sure all payments to the vendors are done on time.

“All departments in Grupo Denim are used to act in a teamwork and the Purchasing Department is not an exception, their continuous communication with all other staff is necessary to get all items provided in time and make sure production runs smoothly in order to deliver the orders to our customers right on time”, added Salomon Juan Marcos Villarreal.

Importance of teamwork

Importance of teamwork

Importance of teamwork to succeed

Teamwork is not a new thing, human being has felt the need to work together since he first started living within a society and nowadays it is more important as people has realized that when they try together to achieve a common goal by making any determined activity, they will get better results and the possibilities to succeed will increase.

It is essential to have a multi-disciplinary team for any type of entrepreneurship that means that not all of the members will be focused on one task but that each one of them will be capable to accomplish different functions contributing with their experience, abilities and maximizing each member’s fortress.

Grupo Denim has been successful over the years for their teamwork, all members within the company know their responsibilities and carry them with enthusiasm, they all look for succeed not only as individuals but as a whole team”, says Salomón Juan Marcos Villarreal, president of this company.

Some of the basic elements of teamwork are:

  1. Independence – When all members of the team understand that the only way to reach a goal is by chasing it together, and the effort they make will not only be on their benefit but will also help the others as well as failure will not affect one of them but all.
  2. Responsibility – It is important that each one has very clear in their minds what the objectives are and what will the others expect from he or she.
  3. Evaluation – It is not possible to improve when the teamwork does not stop once in a while to analyze what their performance is and if it is working right, they need to be open to be evaluated and listen to their coworkers to know those aspects that must be changed.

“A company that aspires to success, must count with a strong teamwork that will help it reaching its goals and knowing that helping each other will mean having positive results that will benefit all of the members”, added Salomón Juan Marcos Villarreal.