Business Video Roundup: Family Support, Supply Chain Industry & More
In this week’s roundup of great videos for entrepreneurs and small-business owners, Patrick Bet-David talks about why having your family’s support is not essential to your success, Entrepreneur Elevator Pitch explores the fields of coffee and fashion, and Inc. explains why it’s sometimes more beneficial to go it alone rather than to take money from investors. Plus, two videos from Forbes and CNBC explore different facets of the rapidly changing supply chain industry, which could have big ramifications for companies across the country and across the globe.
Patrick Bet-David: Family Support as an Entrepreneur
Trying to get your business off the ground but frustrated because your family isn’t being supportive? Patrick Bet-David explains why you shouldn’t expect them to be supportive—and why you can succeed with or without their support.
Drayage: NEXT Trucking Is Solving the Complex Supply Chain Problem
Forbes takes a look at how companies like NEXT Trucking are trying to solve complex supply-chain issues using new technologies. These changes may have a big impact on a wide range of businesses.
CNBC: How Drones Could Change the Shipping Industry
To complement the Forbes video above, this 10-minute story from CNBC explores how drones could disrupt the global supply-chain industry, which could have wide-ranging ramifications.
Entrepreneur Elevator Pitch: “This Stands for Everything I Stand Against”
In the latest episode of Entrepreneur Elevator Pitch, the judges hear pitches to invest in competitive fields like coffee and fashion.
Inc.: Why Kodiak Cakes Rejected the Sharks — And Were Better for It
In 2014, the founders of Kodiak Cakes appeared on Shark Tank seeking a $500,000 investment. They didn’t get it, but their business was better for it and took off anyway, proving that sometimes it’s best to go it alone.
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…
