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.

{module_data resource=”blogposts” version=”v3″ fields=”tag” subresource=”tags” resourceId=”579051″ skip=”0″ limit=”10″ order=”objectType” collection=”myData”}

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: Scaling, Expanding Globally & Doubling Ecommerce Sales

Business Video Roundup: Scaling, Expanding Globally & Doubling Ecommerce Sales

We’re happy to start bringing you new blog posts again after a brief absence. Our web developers have been working hard on transitioning the site to new, more secure platform, so that’s why you haven’t heard from us over the last few weeks. But we’re back with another round of great videos for entrepreneurs and small-business owners, including Gary Vee with advice on global expansion and Brian Tracy on maintaining…

Mike Winters 15.06.2018

Business Video Roundup: Business Marketing, Increasing Cash Flow & Why It’s Never Too Late

Business Video Roundup: Business Marketing, Increasing Cash Flow & Why It’s Never Too Late

In this week’s roundup of great videos for entrepreneurs and small-business owners, Evan Carmichael teases some expert marketing advice out of Jay Abraham, KemperLesnik founder Steve Lesnik discusses why it’s never too late to start a business, and Pearachute CEO Desiree Vargas Wrigley talks about the importance of being a strong leader during both good and bad times. Then we round things up with Mark Schaefer on business marketing…

Mike Winters 30.04.2018

Houston Factoring Companies: Why Choose American Commercial Capital for Invoice Factoring?

Houston Factoring Companies: Why Choose American Commercial Capital for Invoice Factoring?

If you’re a Houston-based entrepreneur who has been searching for ways to improve your business cash flow and get the capital you need to grow, chances are you’ve come across a dozen Houston factoring companies who all claim to be the answer to all your problems. Invoice factoring, for those who don’t know, is when a business sells its accounts receivable (invoices) to a third-party company at a discount. Factoring…

Mike Winters 27.04.2018
Back
AMERICAN COMMERCIAL CAPITAL HOME

HOW MUCH COULD FACTORING INCREASE PROFITS FOR YOUR BUSINESS?

CALL 713-227-3863