Business Video Roundup: How to Fire Someone the Right Way, Managing Cashflow & More
In this week’s roundup of great videos for entrepreneurs and business owners, Gary Vaynerchuk offers up five quick business tips in five minutes, Phanta’s Mark Drager discusses what he learned when expanding his business to over $1 million in revenue, and Brian Tracy shares some tips on firing someone the right way—with honesty and compassion. Plus, Entrepreneur explains why a business attorney is essential and Tricia Clarkstone of creative/tech agency Narrative describes a few cashflow hacks that can be beneficial to any growing business to help keep the money rolling in at all times.
Gary Vaynerchuk: Five Business Tips in Five Minutes
Five quick, no-nonsense business tips from Gary Vaynerchuk.
Business Growth: How to Expand Your Business to Over $1 Million
Part 9 in Evan Carmichael’s series of interviews with Phanta CEO Mark Drager explores how to reach the next level once your business is doing hundreds of thousands in revenue. Drager explains how to avoid the pitfalls he initially made when scaling his business.
One Team Member You Need to Succeed: A Business Attorney
This short video from Entrepreneur explains why you should always have a good business attorney in your back pocket. You might not think you need one, but you do.
Brian Tracy: How to Fire Someone the Right Way in 8 Steps
Letting someone go can be one of the most stressful parts of being a manager or business owner. This short video outlines the right way to go about firing an underperforming employee. Honesty and compassion can go a long way.
Entrepreneur: 3 Keys to Managing Cashflow to Grow a Business
Tricia Clarkstone, the co-founder and CEO of creative/tech agency Narrative, shares a few tips on how to improve cashflow for a growing business, including diversifying revenue streams.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
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…
What Type of Invoices Can Be Factored?
Not every invoice qualifies, so it’s worth knowing what makes one factorable before you count on it. The good news is that the rules are sensible, and most standard B2B invoices fit just fine.
At the most basic level, a factorable invoice is one that is owed by another business (or a government entity) for goods or services you’ve already delivered. A few characteristics define a clean, fundable…
