We live in an age of information in which you can do research about a company before you even talk to them and inquire about their services. While this is a huge benefit to consumers, it doesn’t fully present them with the entirety of the company’s values, but rather, just the superficial appearance of how the company operates.
Having a better idea of how a company operates is an extremely beneficial way to decide if you want to enlist the services of their organization, as the structures and channels that a company utilizes may say a lot about their values. For example, here at the Commercial Finance Group, we are a family-owned company, and that directly correlates with how we treat our customers who are looking for asset-based loans in Los Angeles. Today, we are going to discuss family-owned businesses and the generalized internal structures that typically operate within them.
Family-Owned Businesses
Typically, when people think of a family-owned business, they think of a small town ma-and-pa shop that sells a cliche product. While they aren’t wrong to think so, they fail to realize that large companies can also be family businesses. Rather than being a company only comprised by one’s immediate lineage, family companies are instead owned by an entire family. From the receptionist to executive roles, each employee instills familial values into the structure of the company. So what benefits do family-owned companies have?
Speed and Efficiency
Family-owned companies are known to be fast, as the internal structure of the company is meant to make co-workers feel more like family in the sense of communication and collaboration. The best way to generalize how a family-owned company affects their employees is that they typically create a positive culture where employees feel more comfortable and have more fun collaborating with each other. When employees feel more comfortable in their workplace, it is likely that the efficiency of their work increases.
Authenticity
Family-owned companies can separate themselves from their competition because they have their own personal brand. An authentic personal brand can be important in business because it allows the employees of the company to communicate with consumers in a more intimate way, rather than the typical cut-and-dry conversations that are typically associated with employees of large companies. This personal touch can make family-owned business feel more personable to their clients, showing the client that their business is valued.
Ingenuity
Very similar to the two previous traits of a family business, ingenuity is a product of the company cultures that family-owned companies possess. When people feel like they are involved in a community at work, they are more likely to feel comfortable pitching new ideas that they might be deterred from in a classic office environment.
The Commercial Finance Group, Your Family-Owned Financial Lender
At the Commercial Finance Group, we are a family-owned company that takes pride in aiding small- to medium-sized companies because we understand the struggles that you are experiencing. As a commercial lender, we understand the needs of smaller businesses, and we have programs like small business lending and loans, commercial loans, and asset-based lending so that you may fulfill those needs without fearing bankruptcy or debt. Owning a business is already hard enough, so you shouldn’t have to fear debt.
If you are in need of asset-based lending in Los Angeles, we urge you to contact us. We understand the difficulties that operating a small to medium-sized business entails. We are here to help achieve the business goals that you have before they become problems.
Apply today for a quote from one of our experienced and qualified employees
