Business Video Roundup: Deception, Science, Food Empires & Global Sourcing Trends
In this week’s roundup of great videos for entrepreneurs and business owners, Stanford Graduate School of Business presents a fascinating conversation on deception in business, Fast Company looks at how Nike uses science to stay ahead of the competition, and Restaurant Influencers talks to Stacey Poon-Kinney of The Trails Eatery in San Diego, California, about overcoming obstacles in the restaurant business and learning to ask for help. Plus, Inc. and Alibaba.com offer some advice on sourcing around supply-chain risk in 2022, while Forbes shows how a talented chef built a highly profitable food empire at the age of 19.
Stanford GSB: Can the Law Deal with Deception in Business?
Where’s the line between aggressive salesmanship and straight-up fraud? When a business does cross that line, can the markets self-police in terms of dealing with deception or does the law need to step in? Those are some of the questions tackled in this fascinating one-hour conversation between Judge Jed Rakoff and journalist Bethany McLean, co-author of The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron.
Fast Company: Science Keeps Nike Ahead of the Curve
A quick, interesting look at how Nike uses science to innovate—and stay ahead of the market.
Restaurant Influencers: Stacey Poon-Kinney of The Trails Eatery
Stacey Poon-Kinney’s The Trail Eatery is world-famous thanks to countless appearances on the Food Network shows and hefty media coverage. But how did she get there? This 27-minute interview for Restaurant Influencers gives some insight into her journey, including overcoming obstacles in the restaurant business and learning to ask for help when you need it.
Inc.: Trending NEXT – A Free Virtual Event on Global Sourcing Trends
As businesses continue to face supply-chain disruption in the wake of the pandemic, Inc. and Alibaba.com conducted this 30-minute virtual event to try to help out. They go over several topics related to global sourcing—what to source, guidance on finding the right suppliers, and ways to decrease supply-chain risk in 2022. Obviously Alibaba has a vested interest in this topic, but even if you don’t wish to do business with them, there’s plenty of great information and advice to be found in this conversation.
Forbes: How One Chef Built a Food Media Empire at 19 Years Old
How 19-year-old chef Eitan Bernath built a food media empire by cultivating a massive social-media following—and knowing how to use his platform to develop an extremely profitable business.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
How Does Factoring Work for Service-Based Businesses?
If you run a service business, you might wonder whether factoring is really for you — it’s often described with examples about shipping goods or delivering products. The good news: factoring works very well for service-based businesses. What you’re factoring is the invoice, and a service invoice is just as fundable as a product invoice, as long as the work is done and billed to a business customer.
What Questions Should I Ask a Factoring Company?
Walking into the conversation with the right questions puts you in control and quickly separates the straight-shooters from the slippery ones. Here’s a practical checklist to bring with you. A good factor will answer all of these clearly and without hedging.
On cost and fees What is your factoring fee, and exactly how is it structured — flat, or does it increase the longer an invoice is unpaid? What…What Are Hidden Fees I Should Watch Out For?
This is exactly the right thing to be suspicious about, because the difference between a fair factoring deal and a frustrating one often lives in the fine print. A reputable factor is transparent; your job is to make sure you’re working with one. Here’s what to look for so nothing catches you off guard.
Ask about each of these specifically, even if the factor doesn’t bring them up:
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