Business Video Roundup: Be a Better Listener, Give Your Business Purpose & Achieve Happiness
In this week’s roundup of great videos for entrepreneurs and business owners, Patrick Bet-David reveals 10 reasons why starting a business during a recession is a good idea, Harvard Business Review’s Amy Gallo discusses how to be a more active listener, and Evan Carmichael advises entrepreneurs on how to give themselves permission to live out their purpose—and, in turn, allow that purpose to give fuel their business ventures. Plus, Brian Tracy shares his best tips for achieving happiness, while Steve Forbes gives his take on where the economy may be heading with Federal Reserve Chair Jerome Powell steering the ship.
Patrick Bet-David: 10 Reasons to Start a Business During a Recession
Some might say a recession is the worst time to start a new business, but Patrick Bet-David lays down 10 reasons why this might be the perfect time to do so. Worth thinking about, especially if you’ve been hesitating to take the plunge.
Harvard Business Review: The Art of Active Listening
Being a good, attentive listener is a bit more nuanced than it might seem. In this eight-minute video from Harvard Business Review, Amy Gallo offers up some essential tips on being a better, active listener. Spoiler alert: common habits like nodding and saying “Yep, mmhmm” might be counterproductive and could even suggest something you are probably not intending.
Evan Carmichael: Give Yourself Permission to Live Out Your Purpose
One-hour live training session in which Evan Carmichael gives advice to up-and-coming entrepreneurs and business owners who have bought a copy of one of his books. The discussion is primarily focused on giving yourself permission to live your purpose, which is a simple idea that has the power to elevate your business and your brand to a higher level.
Brian Tracy: How to Achieve Happiness
“Your chief aim in life should be centered around creating a happy life for yourself,” Brian Tracy says. In this eight-minute video, he reveals some of his best tips for achieving happiness. If you are happy, it’s a lot easier to overcome obstacles, achieve your goals, and succeed in all your pursuits.
Forbes: Jerome Powell May Soon Bomb the Economy
Steve Forbes argues that Federal Reserve Chair Jerome Powell could soon open up a world of pain for households and businesses. Whether you agree with his take or not, he raises points worth considering, as both a U.S. citizen and business owner.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
The Bank Said No. Your Growth Doesn’t Have to Wait.
Part of our Honest Answers series — straight talk about financing a growing business.
You did everything right. You landed the bigger customer, won the contract, or saw demand climb faster than you expected. So you went to the bank for a line of credit or a term loan to fund the growth — and the bank said no.
It stings, and it doesn’t always make sense.…
The Growth Trap: How Staffing and IT Firms Run Out of Cash by Winning Great Customers
There’s a particular kind of failure that blindsides good companies. It doesn’t come from losing customers, botching a project, or getting undercut on price. It comes from winning — specifically, from landing the exact large, creditworthy, name-brand customer the founder has been chasing for years. The contract closes, everyone celebrates, and four months later the company can’t make payroll.
We call this the growth trap, and it’s one…
How Much Does Invoice Factoring Cost — and How Is My Rate Determined?
It’s the first question almost every business owner asks us, and it’s the right one to ask: what is this actually going to cost me? A lot of factoring companies get vague here. We’d rather just show you the math.
Here’s the short version, and then we’ll break down every piece of it: most of our clients pay an average discount rate of about 4.4% per invoice, and…
