Business Video Roundup: Innovation vs. Tradition, Dealing with Data Breaches & More
In this week’s roundup of great videos for entrepreneurs and business owners, Patrick Bet-David talks about how to measure success, Gary Vaynerchuk discusses the biggest vulnerability to every business, and Evan Carmichael presents five pieces of life-changing advice from Rich Dad founder Robert Kiyosaki. Plus, Lawry’s Restaurants CMO Ryan O’Melveny Wilson reveals how the gourmet chain balances innovation with tradition and McAfee Senior VP Allison Cerra gives practical advice on how your business should deal with a data breach in order to protect both your customers and the most valuable asset you have—your reputation.
Valuetainment: How to Measure Success
Patrick Bet-David offers some words of advice on measuring success as an entrepreneur.
GaryVee: The Biggest Vulnerability to Every Business
“One of the biggest threats to a business’s success is having the personal opinions of one person influence the entire direction of the company,” Gary Vaynerchuk says. Whether or not you agree with his take, GaryVee shares plenty of hard-won advice over the course of this hour-long video, including how to ensure your employees are doing their best work.
Evan Carmichael: 5 Pieces of Life-Changing Advice from Robert Kiyosaki
This 14-miniute video showcases five sterling pieces of advice from Robert Kiyosaki, the businessman and author behind Rich Dad Company, Cashflow Technologies, and all those Rich Dad books.
Stanford GSB: Ryan O’Melveny Wilson on Balancing Innovation and Tradition
Ryan O’Melveny Wilson, chief marketing and strategy officer of Lawry’s Restaurants, talks about how they handle balancing innovation with tradition. The key, he says, is making many small changes instead of a few big ones.
Columbia School of Business: You’ve Been Hacked – Now What?
In this 20-minute discussion at BRITE ‘18, Allison Cerra (Senior Vice President and CMO at McAfee) dishes out practical advice for dealing with hacks and data breaches. How a company reacts to these situations can have a huge impact on its reputation.
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…
