Business Video Roundup: Dealing with Crisis, COVID-19’s Economic Impact & Staying Afloat
In this week’s business video roundup, Patrick Bet-David lays out some intelligent advice for dealing with crisis, Evan Carmichael recruits several entrepreneurs and business owners to talk about opportunities during this difficult time, and Columbia Business School presents world-renowned economists Glenn Hubbard and Joseph Stiglitz in conversation about the impact of the COVID-19 pandemic on the economy. Plus, the first two episodes of the Forbes Firsthand series explore how two very different businesses are struggling to stay afloat during these rough waters. Stay safe, stay well, and hang in there, everyone.
Patrick Bet-David: 10 Rules for Dealing with Crisis
Businesses everywhere are dealing with unprecedented rough waters right now and scrambling to figure out how to best handle the disruption. In this 21-minute video, Patrick Bet-David lays out some rules of engagement for dealing with a crisis.
Evan Carmichael: Business Opportunities & Money in Coronavirus Time
This is uncharted territory for all of us. How can you keep your business afloat during a global pandemic? Several entrepreneurs and business owners give their advice in this 13-minute video.
Columbia Business School: Impact of COVID-19 on the Economy
In this hour-long discussion hosted by Columbia Business School, Dean Emeritus Glenn Hubbard and Nobel laureate Joseph Stiglitz, both world-renowned economists and professors, give their thoughts on the economic upheaval caused by COVID-19.
Forbes Firsthand: A Business Owner’s Fight to Stay Afloat
In the first episode of the Forbes Firsthand series, Yaakoub Hijazi, CEO of New York City’s Star Laundry, tells the story of his business struggling to survive during this pandemic. Barely keeping the lights on, Hijazi hopes that switching from servicing hotels to hospitals can save his business while also helping the overwhelmed hospitals and growing number of sick citizens in NYC.
Forbes Firsthand: A Bakery Owner’s Struggle Amid Shutdown
In the second episode of the Forbes Firsthand series, Joanne Canady-Brown, owner and head baker of Lawrenceville, New Jersey’s Gingered Peach, tells of her fight to keep her business afloat. She says that despite having some money saved up for expansion over the last few years, her bakery may not be able to survive unless major relief efforts are passed for small businesses.
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How Factoring Works for a Small Hot Shot Trucking Company
Hot shot hauling is one of the fastest ways to put a truck to work, but it comes with a built-in cash flow trap: you pay for fuel, insurance, and your truck note in real time, while brokers and shippers pay you on their schedule. Invoice factoring closes that gap. Here is exactly how the process works for a small hot shot operation.
The Cash Flow Problem Every Hot…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…
