The 3 Most Critical Components to Building a Business

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

Building a BusinessSucceeding 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.

image description

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.

READ MORE FROM AMERICAN COMMERCIAL CAPITAL

Business Video Roundup: Marketing Strategies, Customer Service Advice & More

Business Video Roundup: Marketing Strategies, Customer Service Advice & More

In this week’s roundup of great videos for entrepreneurs and business owners, Gary Vaynerchuk talks business with Tom Bilyeu, co-founder of Quest Nutrition and CEO of Impact Theory, and Marie Forleo talks marketing with Seth Godin, former dot-com business exec and bestselling author. Then Evan Carmichael shares six pieces of life-changing advice from Warren Buffett, Stanford GSB professor Huggy Rao discusses what employees really want, and PuroClean CEO Mark Davis…

Mike Winters 16.11.2018

Business Video Roundup: Customer Service Tips, Bosses vs. Leaders & Empowering Employees

Business Video Roundup: Customer Service Tips, Bosses vs. Leaders & Empowering Employees

Are you a boss or a leader? That’s one of the questions explored in this week’s roundup of great videos for entrepreneurs and business owners, and finding out the answer to that question could help you become a better manager and business owner overall. Also on deck: Marie Forleo drops four customer-service tips that will make your business stand out, Clear Automation CEO John Deblasio talks about the importance of…

Mike Winters 10.11.2018

Business Video Roundup: Building an International Brand, Skills That Attract Success & More

Business Video Roundup: Building an International Brand, Skills That Attract Success & More

In this week’s roundup of great videos for entrepreneurs and business owners, Lululemon founder Chip Wilson shares insights and business stories, Evan Carmichael lays out six skills that can help you to achieve success, and Horizon Pharma CEO Tim Walbert extols the virtues of having a diverse mindset. Plus, Brian Tracy shares four tips for building an international brand and world-famous pastry chef Dominique Ansel talks about how he comes…

Mike Winters 2.11.2018
Back
AMERICAN COMMERCIAL CAPITAL HOME

HOW MUCH COULD FACTORING INCREASE PROFITS FOR YOUR BUSINESS?

CALL 713-227-3863