Business Video Roundup: Running, Marketing & Funding Small Business
This week we’ve got over two hours of small-business insights and motivation, so you might want to grab a drink and some popcorn before diving in. On deck: Brian Tracy shares some low-cost marketing ideas, Evan Carmichael gives advice on improving your negotiation skills, and several small-business owners tell how they turned their passions into profits. Plus, a panel of experts at Entrepreneur Live share business funding advice.
Brian Tracy: How to Market Your Business
In this 10-minute video, Brian Tracy shares a few simple marketing tactics that you can use to get your small business noticed. He knows you’ve got stock, payroll, and rent to worry about, so these tactics won’t cost you much money. Tracy’s bonus key point to remember: “Keep raising the bar on yourself. How can you better serve your customers today?”
Evan Carmichael: 7 Ways to Improve Your Negotiation Skills
Strong negotiation skills can make or break business deals and be instrumental the forward momentum of any business. In this 15-minute video, Evan Carmichael offers up seven ways that you can improve your negotiation skills to help make things go your way.
Entrepreneur: How to Run a Business Where Your Profits Match Your Passion
In this hour-long presentation, several small-business owners discuss how they managed to turn their passion to do good in the world into a profitable business model.
Entrepreneur: Want to Fund Your Business? These Tips Can Help
Need to grow your business but not sure if you should take out a loan, seek out investors, or fund through revenue for a little while longer? This 48-minute panel from Entrepreneur Live has some good tips on raising the right type of capital for your business. Just know that if traditional funding avenues aren’t cutting it for you, invoice factoring may be an excellent option.
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…
