Business Video Roundup: State of the Restaurant Industry, Redefining Success & More
In this week’s roundup of great videos for entrepreneurs and business owners, Gary Vaynerchuk talks about reframing what success means in today’s world, Rebecca Minkoff explains why there’s nothing wrong with slow and steady growth, and superstar chef Marcus Samuelsson discusses the state of the restaurant industry. Plus, Inc. reveals five focus-destroying habits you should ditch, while CNBC looks into the car dealership market as tons of mom-and-pop operations are being bought out by the big guys.
GaryVee: Let’s Reframe What Success Means (Female Quotient at Cannes)
Gary Vaynerchuk in conversation at The Female Quotient conference in Cannes, covering a variety of business topics that includes marketing and advertising, the importance of being thoughtful and inclusive, and how compassion can change the world.
Forbes: There Is Nothing Wrong with Growing Slow and Steady (Rebecca Minkoff)
Rebecca Minkoff, cofounder of the popular clothing brand of the same name, talks about why philanthropy has always been integral to her business model, the struggles of small businesses during the pandemic, exploring alternative forms of capital, and why there is nothing wrong with growing slow and steady. “It’s how Main Street USA was built,” she says.
Forbes: Chef Marcus Samuelsson Describes the State of the Industry Post-Pandemic
Superstar chef Marcus Samuelsson discusses the state of the restaurant industry in the post-pandemic era, touching on culinary trends and innovations as well as the importance of good storytelling.
Inc.: 5 Bad Habits That Are Destroying Your Focus
Stop doing these five things to improve your focus and concentration. It could save your business some money.
CNBC: How These Companies Are Taking Over Car Dealerships
Most car dealerships are small businesses, mom and pop operations, but the industry’s landscape is quickly changing due to several big companies gobbling up the little ones. This 12-minute mini-doc from CNBC looks into what’s happening and why.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
How to Record Factoring Transactions and Keep Your Books Accurate
To record factoring transactions accurately, your books need to handle four things a standard accounts-receivable workflow was never built for: the factor’s advance, the withheld reserve, the fee, and the release of that reserve when your customer pays. This guide shows you how to record factoring transactions using three dedicated general-ledger accounts and four simple journal entries — and how to choose between the gross and net-of-discount methods of presenting…
Recourse vs. Non-Recourse Factoring: What’s the Difference, and Which One Is Right for You?
When business owners start looking into invoice factoring, two words come up fast: recourse and non-recourse. They sound like fine print, and plenty of owners nod along without really knowing which one they’re signing up for. But this is one of the most important choices in any factoring agreement, because it decides who eats the loss if your customer doesn’t pay. After decades of financing small businesses, I…
The Unseen Advantages of Predictable Cash Flow (And How They Quietly Grow Your Profit)
Most owners think about cash flow the way they think about oxygen. You only notice it when it’s running short. When money’s tight, cash flow is the only thing on your mind. When money’s flowing, you stop thinking about it and go back to running the business.
I’ve spent more than thirty years watching small businesses either make it or fold, and I’ll tell you what almost nobody…
