Business Video Roundup: The Cost of Not Having a Mentor, Firing Toxic Employees & More
In this week’s roundup of great videos for entrepreneurs and business owners, Gary Vaynerchuk offers up several golden nuggets of business advice, the founder of high-protein meat-snack company EPIC Provisions discusses the mistake that cost them half a million, and the latest episode of Entrepreneur’s Elevator Pitch catches up with a pair of furniture founders from last season. Plus, CNBC explores why Jumia is beating Amazon and Alibaba in Africa and what lessons businesses can learn from their success.
GaryVee: The Ultimate Advice for Every Business
This eight-minute video contains highlights from the Transparency19 WavesSide Chat where Gary Vaynerchuk dispensed quite a few nuggets of wisdom. In these clips, he discusses real versus fake entrepreneurship, why businesses should innovate, why you should fire toxic employees in your company, and the difference between a marketer and a salesman.
Inc.: Not Having a Mentor Cost Them Half a Million Dollars
Taylor Collins, the co-founder of EPIC Provisions (high-protein meat snacks), talks about some of his early mistakes that cost his company lots of money. He says these pitfalls could have been avoided if only they had asked for help.
CNBC: Why Jumia Is Beating Amazon and Alibaba in Africa
Referred to as the “Amazon of Africa,” Jumia is Africa’s largest online retailer, surpassing Amazon and Alibaba. It’s also the first African tech startup to go public on the New York Stock Exchange. How did they become so big so quickly and what lessons might other businesses and entrepreneurs learn from their success?
Entrepreneur Elevator Pitch: “I Invest in People”
This episode of Entrepreneur’s pitch show (similar to ABC’s Shark Tank but with a little less flash and a little more substance) catches up with a pair of furniture founders from last season to see how their business is doing today.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
Can Factoring Help Me Make Payroll on Time?
Yes. If making payroll is the specific worry that brought you here, invoice factoring is one of the fastest, most reliable ways to solve it. Factoring converts your unpaid invoices into cash within about a day, so you can make payroll on time no matter how slowly your customers pay.
For a lot of business owners, “can I cover payroll this week?” is the single most stressful question…
How Does Invoice Factoring Affect My Business Credit?
This is a thoughtful question, especially if you’re trying to build your business credit carefully. The short answer is that factoring is generally gentle on your credit profile — and in some ways can help it — but there are a few nuances worth understanding.
Start with the most important point: factoring is not a loan, so it doesn’t add debt to your business credit profile the way…
What Type of Invoices Can Be Factored?
Not every invoice qualifies, so it’s worth knowing what makes one factorable before you count on it. The good news is that the rules are sensible, and most standard B2B invoices fit just fine.
At the most basic level, a factorable invoice is one that is owed by another business (or a government entity) for goods or services you’ve already delivered. A few characteristics define a clean, fundable…
