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.

Coahuila overcome the “investment drought”

coahuila

Coahuila has overcome the “investment drought”

Coahuila, an state at the North of Mexico, was a great point for new businesses and investments; however, this part of the country faced difficult times for more than a decade, due to different issues that were holding investors from coming to this state and trying to invest their money; however, this “drought” is finally over, and after 12 years of low investments, Coahuila has been once again a point of interest for new investments.

“Coahuila is a great part of Mexico to invest on, the infrastructure, manpower, and closeness to the United States, makes this part of the country ideal to start new growing businesses, Laguneros are great people to work with, and the companies are noticing this more than ever, making this state very eligible to open new commerce”, said Salomon Juan Marcos Villarreal, president of Grupo Denim, a jeans manufacturer company in Mexico.

John Deere and Caterpillar were some of the last huge enterprises installed in Torreon from 2002 to 2004, meaning that for 12 years there were not big companies getting closer to Coahuila, but in 2016, enterprises such as Yura Hiungson, Lear Corporation and Yazaki have shown their interest in investing on the north part of Mexico.

Jaime Russek, director of Desarrollo Económico in Torreon, a City in Coahuila has informed that what used to be a “disadvantage” for this part of Mexico has been some of the greatest competitive advantages now, such as cheaper ground than many other sectors in Mexico, qualified manpower, and lower rates than most of the other competitive cities.

The new investments have meant an important increase of job sources in Coahuila, with a decreasing unemployment rate that passed from 7.1 to 5% only, which has made them get into the national range average. Back in 2008, Torreon, one of the main cities in Coahuila, has kept one of the highest unemployment rates, which is changing with these new companies coming to the north part of Mexico. Yura, for example, will create 4,000 more employments, Hiungson 700 and Yazaki 600 more.

These new job sources will be available for many people looking for a job, which will mean another important decrease to the unemployment rates in Coahuila

“I personally like to see how Coahuila keeps on growing up, investors are considering this part of Mexico seriously once again, which are great news for people at Coahuila and Durango too, as both states keep a very close business relationship”, added Salomon  Juan Marcos Villarreal about this topic.

Entrepreneurship and its truth

Entrepreneurship and its truth

Entrepreneurship and its truth, before making a decision

Today’s circumstances make entrepreneurship an option for recent college graduates or experienced persons that wouldn’t like to be involved on a job life anymore. Also, we are always listening to official speeches about supporting programs for entrepreneurs.

Entrepreneurship is without any doubt , an option; however, it is important to say that it is not for all people. The enthusiasm plays an important role in order to have that sparkle that turns into a enlighten flame. There are some things to review before you decide to become an entrepreneur:

Entrepreneurship as a full time activity: A project, even if it’s just an idea, requires full attention and enthusiasm to get it done. It is not about a hobby, it is a serious plan that will require all the work needed. There is no vacation at the very beginning. It is true that the time is flexible and the possibility to work for objectives instead of just be at the office accomplish work hours.

  1. The entrepreneur is the person that has the main responsibility and is the one that has the rhythm and speed of the business, this is why this person is the one that should be the leader and schedule the team.
  2. An entrepreneur must understand the concept of sacrificing starting with his own salary. Salaries depend on a business growth and they could be very low in a long term; however, if the project grow, salaries will also grow. Patience is one of the qualities about entrepreneurship.
  3. Pro-activity is a must for an entrepreneur. It is necessary to be a cooperative person that likes to help other people. This person will need to be open to changes because there might be change of plans at any time.
  4. Technological component is very important for every person that would like to become an entrepreneur. Nowadays, it is mandatory to be updated and understand the market tendencies, take advantage on the time and money saving, also making sure that the project is going on the same direction as the technology is. It will be very sad that in a short period of time the project could be replaced by a machine.

Salomon Juan Marcos Villarreal, a successful entrepreneur from Mexico and president of Grupo Denim, thinks that entrepreneurship requires ideas to make things better; therefore, vision is the most important thing to take into account. “ We always need to explore the market and be able to explain very clear which are our objectives, how we are going to accomplish them and wanting results, if we do not know these things, our project will be nothing but an illusion”, explained Salomon Juan Marcos Villarreal.

Realities of entrepreneurship

Realities of entrepreneurship

Realities of entrepreneurship that you must know

Every entrepreneur needs different time in order to decide and begin any businesses, and there are some realities that they need to know so they are well prepared if they have decided to go on this new adventure.

“The world of entrepreneurship is full of challenges that only those with enough will and determination will overcome and keep on going until they reach their goals”, said Salomon Juan Marcos Villarreal, Mexican entrepreneur and current president of Grupo Denim.

Here are some of the realities of entrepreneurship that everyone needs to know.

  • Success is not immediate – We live in a very demanding world, which makes us be in a hurry, even when we start a new business, we need to see results right away or we think we are not being successful, but the reality is that most of the new business will only grow up if they go step by step, the only key to succeed is to be constant and patient.
  • No more fixed hours – When we have a job, we most likely will have fixed hours, but if you have decided to start your own business, this will change, but always remember that even when you will have to work harder and even more hours than in a job, you are making if to reach your own goals and make your dreams come true instead of working for other one’s dreams.
  • You will receive negative answers – Even if we want it, the truth is that no one thinks the same way we do, so an entrepreneur needs to keep this mind as they are going to receive many negative answers when starting their own businesses and offering their products or services.

“Entrepreneurship is a very interesting but also challenging world, if you have decided to start your own business, you have to be aware of the challenges you will need to face, and with patience, effort and a clear goal, you will succeed if you do not let obstacles let you down”, added Salomon Juan Marcos Villarreal about this topic.

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.

Improve the family’s economy

improve the family’s economy

How to improve the family’s economy?

One of the main challenges within a family is to find better methods to improve the economy, and this can only be achieved by having a good planning of finances, this is a task that involves all family members, as it I everyone’s responsibility to live a healthier life (economically talking), so today we will give you some ideas to improve the economy at home.

Salomon Juan Marcos Villarreal, president of Grupo Denim, talked about this theme: “improving finances at home must be a compromise of all members, there can only be changes if all are willing to make them, having savings for any incidentals will let you and your family to live with ease”.

If you want to improve the family’s economy, here are some things you need to avoid:

  • Having more than one credit card – Remember that all credit cards will charge you for interests, so you need to think twice before deciding to use it.
  • Pretending there are no debts – If you owe money to a bank, friend, family, remember to always pay on time, which is the only way of getting rid of unnecessary debts.
  • Not saving – One of the main mistakes is not to save for the future, many people live in the present, and even when this is good, when talking about your family’s calm, it is not the best option, save as much as you can every time you receive your wage, remember these savings can help you for any unexpected circumstances, such as accidents.

“It is important to have a healthy economy, to be prepared for any eventuality that we can face and sleep well knowing we have a backup that will help us, such as savings to support your family when needed”, added Salomon Juan Marcos Villarreal.

Type of entrepreneurs

Type of entrepreneurs

Type of entrepreneurs on the business world

There are many type of entrepreneurs on the business world, each one with very specific qualities but all of them with a something in common: they are usually chasing success.

Salomon Juan Marcos Villarreal, president of Grupo Denim, a Mexican manufacturer company thinks: “It is not easy to risk by start something new, but the successful businesses have behind some great entrepreneurs that have overcome their fears and dared to do something different”.

Here are some types of entrepreneurs, do you feel identified with any of them?

  • Visionary – They are versatile and really adaptable to any type of environment, they are passionate and persuasive as well.
  • Investor – This type of entrepreneurs have a clear and outstanding vision to overcome all crisis they might face. He is always looking for new opportunities to begin new projects.
  • Hunter – He or she have a very rational mind, usually analyzing all angles, and always ready to take every new opportunities.
  • Specialist – These entrepreneurs are great at finding where they could be making mistakes and what they must to change.
  • Persuasive – They have an unwavering self-confidence, some might think they trust their projects so much that they sometimes deny the reality, but it is the opposite, they know that even with the odds against them, they can always find a way out to keep on succeeding.
  • Intuitive – Intuition is very important to succeed, and these type of entrepreneurs have a special ability to find the spaces where they could be great opportunities and to walk away from the risky ones.

“Entrepreneurs have a great personality, empathy and are willing to listen to others as much as they are willing to learn, to be good at set out something new, you need to be well prepared, ready, keep on asking and listening to other’s ideas and advices, surround yourself with positivism and you will be able to succeed”, added Salomon Juan Marcos Villarreal.

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

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.