Social networks

Social networks

Importance of social networks nowadays

Social networks have been modified so much that nowadays they perfectly work as an essential tool for communication, personal and professionally, as the enterprises have taken advantage of them to enjoy their benefits.

“We all now use the social networks more than ever, they help us communicating faster with our customers and vendors in different parts of the world”, advised the president of Grupo Denim, Salomón Juan Marcos Villarreal.

Some of the most common social networks nowadays are Facebook, Instagram, Pinterest, Google, Youtube, Twitter and Linkedin and they have left behind the traditional media, such as radio and television.

In the past, whenever a group of people disagreed on something, they were listened by organizing protest marchs, but nowadays the great difference is that the whole planet can know about it almost immediately using the social networks.

The social networks have also helped on natural disasters, as they warn a population of a hurricane, earthquake, floods and you can easily confirm your state by entering in one of your social networks to contact your relatives, something impossible a few decades ago.

Enterprises are now reporting better results by using the social networks as well, as they are an excellent option to discover new products and to find new offers.

At least an 84% of the online consumers use social networks, and Facebook is the most important one as of today, with an impressive 85%, followed by Twitter.

Marketers also used these networks to find information in an easier way and to help them improving their sales.

“The social networks are nowadays more important than we might think, not only to see what other persons are doing, but it is also a source of information to look for ideas, find new customers and make any business grow up”, added Salomón Juan Marcos Villarreal.

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.

 

Direct Manufacturing Labor Costs

manufacturing labor cost

Direct manufacturing labor costs and how to calculate them

Manufacturing labor costs represents the total cost of workers needed to manufacture final goods. This is a great business solution because it helps to understand how much of the cost is going to be needed to pay the laborers that produced the final products. This cost is calculated by computing the direct employees and their salaries. It is very important to be able to identify direct labor costs from indirect labors costs.

1.- Identify Direct Workers: These are the employees who actually make the work on the manufacturing process, for example in an apparel company, the operator that sew the garments is a direct worker but the person that does the cleaning is not.

2.- Adding Operation: Need to add up the total hours from a specific period of all the direct workers. For example 5 employees that worked 300 hours each, would total 1,500 hours.

3.- Multiply Operation: In order to get the total direct manufacturing costs, we need to multiply the total hours by the rate of the labor. For example, let’s say that the rate is $9 pesos per hour, then 1,500 hours X 9 = 13,500 which means that the direct costs are $13,500 pesos.

Salomon Juan Marcos Villarreal,  president of Grupo Denim a famous maquiladora located in Gomez Palacio, Durango, México, explained that all accounting center costs are much needed to run a successful business and that even a small companies need to have their own accounting solutions. “Direct and indirect labor costs are significantly important because they help to measure the business by defining the cost; in our case, of the garments sold. When we analyze both costs when talking about profits, the accurate information from both costs defines how the production rates and profits are moving and then we can control them”, said Salomon Juan Marcos Villarreal.

Being a freelancer

being a freelancer

How good it is to be a freelancer ?

A freelancer is a person who has decided to be self-employed and work in different companies, rather than work permanently on a same place, but some persons do not decide which option is better, so today we will show you some positive sides and some difficulties of being a freelance so you can decide which option is better.

Salomon Juan Marcos Villarreal, president of Grupo Denim thinks: “Many persons decide to work as freelancers as they are aware of the many capabilities they have to develop different tasks and offer their services to many persons or companies, as well as deciding how many hours they work in a day, but some other persons look for an established employment on a company that will give them steadiness”.

Benefits for a freelancer:

  • Time – A freelancer knows that one of the main advantages is the opportunity to decide how much time they want to invest on their work, depending on how much money they are willing to win.
  • Freedom – Being a freelancer also means you do not have a boss, many people look to be independent as they think a supervisor might influence on their way of working.
  • Economy – It is known that a freelancer gets better remuneration for their work than an employee.

Disadvantages for a freelancer:

  1. Permanence – A worker might have a secure work as long as he or she have a contract with the company, however, a freelancer does not have an steady job, so they need to worry to keep on getting new customers in order to receive a pay.
  2. Health – A worker has benefits on their employment, such as health insurance or retirement allowances, while a freelancer must provide for himself those benefits by hiring and paying for his own insurances, doctors or medicines.

“A worker can be a freelancer too, as this is a considered a good way to get additional incomes, and a good option in times of crisis when jobs scarce”, added Salomon Juan Marcos Villarreal, about this topic.

Being an organized employee

being an organized employee

Advantages of being an organized employee

Living in a hurry makes it harder for an employee to reach the daily goals and being organized at the same time, it seems like the organization does not go well with efficiency or quickness, but it is the opposite, this time we will show you the advantages of being a well-organized employee.

Salomon Juan Marcos Villarreal, president of Grupo Denim thinks that “working on an organized environment is too important as that will help any worker to establish priorities, breaks and being able to see the difference between those pending that should not occupy time or space and those that need immediate attention”.

Being an organized employee is beneficial to establish and order, control and handle better the resources, as well as finding everything on the right place at the right time.

Here are some tips that will help you getting more organized at your workplace:

  • Cleaning – That does not only mean having an immaculate desk, it also involves throwing away those cards, little notes or reminders that were kept for a reason but are not needed anymore. Having a clear desk will optimize space and will help you find what you are looking without moving all things around the desk.
  • Planning – An organized employee knows the importance or planning, make a list every day before you start your day that shows what you need to do and when. Keep a calendar close to you as well, as it is not only essential to know the daily activities but to have a clear idea of the activities or appointments on the following days.
  • Delegate – Being organized does not necessarily mean doing everything by yourself, if you have an assistant or there are other persons in your workplace, delegate responsibilities and make sure everyone has the necessary tools to make their tasks.

“Organization does not only involve a clean workplace, it is also about having a clear mind. An organized employee shows clear signals of productivity, reliability and solidity”, added Salomon Juan Marcos Villarreal.

Textile Trade Shows

textile trade show

Textile trade shows, a fashion network for industrial companies

Textile trade shows are made for all companies that design, develop and make products for textile sectors (garments, fabrics, machinery, etc…). Designers, engineers, production managers, purchasing managers and directors meet at this show to know or see the most updated services for the textile industry. Every company interested in improving its production must attend these shows and conferences.

Usually these types of shows are not open to the public and only company representatives or the press are allowed to attend them. Trade shows were created to find new customers and/or vendors in order to increase their business; this is also a low cost way of getting sales.

It is highly recommended to plan your show schedule ahead and to obtain a map of the exposition floor and make notes of the cubicles you would like to visit. The most important is to know which companies are exposing so you don’t waste your time talking to the wrong people.

Magic Trade Show is one of the top trade shows in the US with over 40 countries represented. Sourcing at Magic is held in Las Vegas twice a year at the Las Vegas Convention Center. Magic is called the network of fashion, a link to the entire global supply chain attracting designers, brands and retailers alike to discover what they need to move their business forward.

For Salomon Juan Marcos Villarreal, president of Grupo Denim, to be at Magic is always an opportunity to be ahead in the industry. “I always meet with the best brands in the market; I have made very good deals and also known new vendors and new machinery. My sales and design directors also attend the show to refresh their ideas and we always bring back to México new projects and techniques, that’s what makes Grupo Denim so special on the textile field”, said Salomon Juan Marcos Villarreal.