Business Video Roundup: Family Support, Supply Chain Industry & More
In this week’s roundup of great videos for entrepreneurs and small-business owners, Patrick Bet-David talks about why having your family’s support is not essential to your success, Entrepreneur Elevator Pitch explores the fields of coffee and fashion, and Inc. explains why it’s sometimes more beneficial to go it alone rather than to take money from investors. Plus, two videos from Forbes and CNBC explore different facets of the rapidly changing supply chain industry, which could have big ramifications for companies across the country and across the globe.
Patrick Bet-David: Family Support as an Entrepreneur
Trying to get your business off the ground but frustrated because your family isn’t being supportive? Patrick Bet-David explains why you shouldn’t expect them to be supportive—and why you can succeed with or without their support.
Drayage: NEXT Trucking Is Solving the Complex Supply Chain Problem
Forbes takes a look at how companies like NEXT Trucking are trying to solve complex supply-chain issues using new technologies. These changes may have a big impact on a wide range of businesses.
CNBC: How Drones Could Change the Shipping Industry
To complement the Forbes video above, this 10-minute story from CNBC explores how drones could disrupt the global supply-chain industry, which could have wide-ranging ramifications.
Entrepreneur Elevator Pitch: “This Stands for Everything I Stand Against”
In the latest episode of Entrepreneur Elevator Pitch, the judges hear pitches to invest in competitive fields like coffee and fashion.
Inc.: Why Kodiak Cakes Rejected the Sharks — And Were Better for It
In 2014, the founders of Kodiak Cakes appeared on Shark Tank seeking a $500,000 investment. They didn’t get it, but their business was better for it and took off anyway, proving that sometimes it’s best to go it alone.
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…
