The 3 Most Critical Components to Building a Business

Posted on 29.December.2014 by Mike Winters | @amcomcap

Building a Business

Image: ASDF_MEDIA / Shutterstock.com

Succeeding in business is often a combination of ingenuity, hard work, perseverance, and, yes, even luck. But there are a few things you can do to ensure that the odds are in your favor. Here are three things that are absolutely vital to building a successful business.

1. You must be passionate about your business! This level of passion requires genuine commitment and belief in your company’s mission. If you aren’t passionate about what you do, you can’t expect your employees to be passionate. Passion is contagious! Unfortunately, a lack of passion is also contagious. Without passion, neither you nor your employees are going to present a positive image to your customers. Passion starts with the business owner!

2. You must build a unique culture that identifies and recognizes your top-performing employees. This can be a formal process but, it has been my experience that an informal process can be much more meaningful to the employee receiving the recognition. If you want more of “IT,” reward “IT.” Here are a few ideas:

  • small gift certificates for meals or entertainment
  • a small surprise bonus
  • an unscheduled day (or afternoon) off
  • a small office celebration recognizing an employee’s achieved goal

3. You must strive to exceed your customers’ expectations. No matter what product or service you deliver, make sure that your business exceeds your customer’s expectation. Or go even further, PROVIDE FOR YOUR CUSTOMERS DESIRES AND UNRECOGINZED NEEDS. If you can achieve this level of customer satisfaction you’ll turn your customers into a network of testimonial-providing fanatics. The best salesman you’ll ever have is an enthusiastic customer that is thrilled, and beyond, with you and your business.

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Roy Brooks and American Commercial Capital, LLC, has provided invoice-factoring services to Houston-area small businesses since 2003. We work with businesses in San Antonio, Dallas, Austin, Fort Worth, Beaumont, Port Arthur, Corpus Christi, and other nearby Texas cities.

If you want to learn more about how cashflow-sensitive invoice factoring can help your business, give us a call at 713-227-3863, contact us here, or fill out our form for a free, no-obligation quote.

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