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.

Customer Service Department

Customer Service Department

How to improve the Customer Service Department?

Recent quiz have shown that at least a 92% of Managers consider that a good Customer Service Department is a key to succeed.

Mistakes to be avoided at a Customer Service Department:

  • Not having a trained personnel at the Customer Service Department is a serious problem. The staff has to be prepared to serve customers, manage complaints and having key moments by interacting with the customers.
  • Trying to win a discussion. Always remember the phrase “customer is always right”, you should never pretend that your company wins a discussion with a customer.
  • Inaccessibility. Customer Service Department should be totally accessible to its customers, hiding from them or making it hard to be found is a huge mistake that should be avoided.
  • Not listening. Always listen to your customer if you want a successful business.

A Manager must always make sure to have a personnel at Customer Service Department that knows the importance of a good service.

Often, employees think that an occasional mistake on the service given to the customers will not have more consequences, but that is not accurate as a successful company will depend on the treatment given to each one of the customers.

Showing an open and friendly attitude, offering help, knowing the customers and treating them with respect, will make the clients to trust on the Customer Service of an enterprise.

When dealing with your customers, even if it is personally or by phone, remember to ask them if it will not bother to answer a few questions that will help you understand them better and serve better to their needs. It is a more personal way than just making surveys.

“The key on the relationship with the customers is to discover the best way to establish a personal contact with each client and offer a better service to them”, added Salomon Juan Marcos Villarreal.

Leader or manager

Leader or manager

How to difference a leader from a manager

A company needs different persons to handle various tasks and it is important to difference which ones should be done and assign a position to it, such as supervisor or manager.

The names of each position are directly attached to the power each person will have within the company, and of course, the responsibilities, for this reason we will go through the differences between a leader and a manger within a company.

A leader can accomplish all those tasks that none of the persons on any other positions can, as the own unique qualities that help them preventing being classified or molded as a manager or supervisor.

“A manager oversees what his subordinates do, he is in charge of delegating responsibilities and making sure they are done, as well as designating the tasks to be done every day and make sure to get results from them”, was the opinion of Salomón Juan Marcos Villarreal, president of Grupo Denim.

A leader, on the other side, tries not to have people below them, instead of that, they have people behind them, and those workers who follow a true leader are usually inspired by him or her, which is an important difference between a leader and a manager.

A manager seeks for the best way to reach the company’s goals, so their thoughts are focused to an end and they try to stick to a system, that is no wrong at all, but opposite to what the leader do, it is not too open to expansion or advancement.

“A manager does a great job by making his thing work in a company, while a leader goes further by innovate constantly and keep on looking on new ideas to expand businesses, both are great at their job and are valuable for a company, and each one has different positive attributes that contribute a company to grow up”, added Salomón Juan Marcos Villarreal.

Types of entrepreneurs

Types of entrepreneurs

Types of entrepreneurs on the actual businesses

This time we will let you know all types of existing entrepreneurs. Of course, not all entrepreneurs meet exactly these descriptions, some might sometimes have a different mix of several of them:

  • Visionary – A visionary entrepreneur goes ahead of all actual tendencies and puts a great effort on business in order to have products of services that will be the key to a different future.
  • Investor – The investor is always looking to profit his money with new projects. He plays a role as an equity partner, which risk or implication is usually as a capital contributor advisor.
  • Specialist – The specialist businessman usually has a more technical profile, and when he starts a business project, all of this knowledge is focused on it.
  • Persuasive – This entrepreneur is the spearhead of all projects. He is in charge of convincing his working team and his figure is to always lead more than develop products or services.
  • Intuitive – He seems to always know where to start businesses. And he knows it because he is born entrepreneur, so doing this is part of this passion for businesses.
  • Businessman – This type of entrepreneur always know about the business’ world. Nothing is new to him, the businessmen are not afraid of taking risks, they like to consolidate projects more than to set them out.
  • Opportunist – He sees a chance and goes for it, the opportunist knows how to detect changes to make new business, knows the keys and always use them.
  • Vocational – This entrepreneur usually starts business just for it. All type of entrepreneurs have a little bit of this vocational type, they usually search for new adventures after they are able to succeed with their product, brand or service.

Salomón Juan Marcos Villarreal, president of Grupo Denim a Mexican entrepreneur commented: “It is very important to have different type of entrepreneurs on any company, so each one can contribute with ideas that will benefit their business”.

If you want to know about the Functions of a Supervisor in a company and some other different topics, visit us at:  http://manufacturersbusiness.com/

Milliken and Company Named A 2015 World’s Most Ethical Company

Milliken & Company Named A 2015 World’s Most Ethical CompanyMilliken & Company Named A 2015 World’s Most Ethical Company By The Ethisphere Institute

Milliken & Company, a global innovation company, has been recognized as a 2015 World’s Most Ethical Company by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices.

The World’s Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

Being an honoree for nine consecutive years underscores Milliken & Company’s commitment to leading ethical business standards and practices, ensuring long-term value to key stakeholders including customers, employees, suppliers and communities. Milliken & Company is one of only 15 companies that can claim this consecutive distinction and one of only 16 private companies receiving this year’s award.

As a community of innovators, our associates understand the importance of conducting business in accordance with the highest ethical standards and are inspired by the idea of bringing innovations to the market that have a positive impact on the world, shared the president and CEO of Milliken & Company.

The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance.

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotien (EQ) framework developed over years of research to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.

Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).

“Earning this recognition involves the collective action of a global workforce from the top down said the president of Grupo Denim, Salomón Juan Marcos Villarreal and congratulated everyone at Milliken for this extraordinary achievement.”

Productive business meetings

productive business meetings

How to have productive business meetings

We are starting a new year and it usually happens that the business meetings increase considerably once everyone is back from holidays, mainly to make collaboration plans, new announcements, changes within the company and all other important topics and when most of those meetings are really important, many of the employees usually complain for the waste of valuable time and energy. For this reason, we will give you some tips to make sure all of your business meetings are productive instead of a waste of energy.

“Meetings are necessary to have an organized company, but to do that, those meetings have to be an example of organization, watching important subjects and using no more than the necessary time to review all those pending matters, that will leave enough time to dedicate to the rest of the activities during a working day and avoiding unnecessary stress”, thinks Salomon Juan Marcos Villarreal, president of Grupo Denim.

Not all business meetings should be structured the same exact way, especially if they are improvised as it happens once in a while. If you plan a 60 minutes meeting, you do not necessarily need to spend the whole time, make sure everyone is focused on those subjects being reviewed and going straight to the point can save important time to finish the meetings before the planned time.

If you organize a business meeting to check on a project, it might seem pretty tempting to invite everyone who was once involved on it, but when that happens, you can end up with a room filled with people and having a hard time to reach to a solution quickly, remember that the assistants must have direct interest on the subject.

“Entrepreneurs are usually focused on improving the systems within their company, the same happens with the meetings, trying to make them more attractive and productive, but in order to reach this goal, new strategies should usually be implemented to get favorable results”, added Salomon Juan Marcos Villarreal about this topic.

Businesses to improve finances

businesses to improve finances

Recommended businesses to improve finances

During an economic crisis, an investor has fears that are completely understandable, they are afraid of risking their money in a business that might fail in a short or medium term. But there are some investment schemes that are safer, as well as some businesses that usually tend to be profitable despite of any crisis.

“It is important to know that starting out business is not an easy task, but you can analyze which type of products or services keep on having demands even in times of crisis”, was the opinion of Salomon Juan Marcos Villarreal, president of Grupo Denim.

Here it is a list of the type of businesses that are more recommended to invest, even with economic crisis:

  • Health services – On this category, we can find pharmacies, small clinics that attend the primary health needs and rapid diagnosis units.
  • Food industry – Feeding out is a basic need, that cannot be left aside even on times of crisis, so investing on this sector might be a good choice. However, you should keep in mind that the most recommendable business must be austere, with low prices and quick services.
  • Entertainment – This might seem superfluous at first sight, but it is actually a need that as individuals we usually search despite of any economic scarcity. But just as with the food industry, it is more recommended not to invest on luxury sites that will only be accessible to a few.
  • Unexploited sectors – This type of business might vary from one city to another. In order to know which things have a biggest demand, you need to make a small specific research depending on the place you want to start up your business.

“It is very important that the business you plan to start responds to a permanent need and not to a temporary one, you need to make a balance between the amount you want to invest and the time when you expect to recover your money”, added Salomon Juan Marcos Villarreal.

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.