Business Video Roundup: Be More Decisive, Make Big Profits with a Small Business & More
In this week’s roundup of great videos for entrepreneurs and business owners, Marie Forleo reveals how to keep your business small while ramping up the profits, Gary Vaynerchuk talks to The Verge’s Nilay Patel about becoming a better decision-maker, and the latest episode of Entrepreneur Elevator Pitch illustrates how to remain cool under pressure. Plus, Columbia University’s Jeffrey Sachs outlines the biggest threats to economic stability (and why many businesses are ill-prepared for what may be coming), while Insider Business shows how the company behind Tabasco hot sauce continues to thrive after all these years.
Marie Forleo: How to Make Massive Profits with a Small Business
If you want to know how to increase profits for your small business without scaling into a much larger or more complex enterprise, this 14-minute chat with Marie Forleo has some excellent advice. Stay small, but reap big profits.
GaryVee: How a $350,000,000+ Company’s CEO Makes Decisions
Gary Vaynerchuk sits down for a 50-minute talk with Nilay Patel, editor-in-chief of The Verge. They touch on business issues and beyond—figuring out where people’s attention is focused, how to make decisions, and what constitutes living a successful life.
Entrepreneur Elevator Pitch: She Ditched a Corporate Career—Did It Pay Off?
Featured on this week’s episode of Entrepreneur Elevator Pitch: Barlow’s Foods (natural pancake, biscuit, and waffle mixes), Spinster Sisters (plant-based personal care products), and Amalfi Jets (private plane charter with offices all over the U.S., including here in Houston). Who will score a hefty cash infusion from Elevator Pitch’s board of heavy-hitting investors?
CNBC: What Are the Biggest Threats to Economic Stability? (Jeffrey Sachs)
CNBC talks to Columbia University professor Jeffrey Sachs about the economic factors that may impact companies’ revenue and profits in the years to come. With escalating geopolitical pressures, ill preparation for the effects of climate change, inflation, and the unforeseen impacts of artificial intelligence, Sachs argues that a recession may still be likely.
Insider Business: How Tabasco Fills Up to 700,000 Hot Sauce Bottles a Day
Inside look into the McIlhenny Company of Avery Island in South Louisiana, which has been making Tabasco brand hot sauce for over 150 years. The video gives interesting insights into how the business started, how its flagship hot sauce is made, and how the company has weathered the storms over the years (literally), filling up around 700,000 bottles a day.
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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…
