Business Video Roundup: Jack Ma’s Biggest Mistakes, the Rise and Fall of Pier 1 & More
In this week’s roundup of helpful and illuminating videos for entrepreneurs and business owners of all kinds, Evan Carmichael presents the biggest mistakes of Alibaba founder Jack Ma (and what you can learn from them), Gary Vaynerchuk and Alex Rodriguez talk about new business strategies for 2020, and Practice Makes Perfect CEO Karim Abouelnaga extols the importance of self-improvement as key driving factor in success. Plus, CNBC explores the rise and fall of Fort Worth-based home furnishings retailer Pier 1 Imports, while Simon Sinek explains why you shouldn’t view other companies as your competitors.
Evan Carmichael: The Biggest Mistakes from Alibaba Founder Jack Ma
Evan Carmichael presents the biggest mistakes from Alibaba founder Jack Ma—and how you can learn from your own mistakes to brush yourself off, push forward, and succeed.
Gary Vaynerchuk & Alex Rodriguez Discuss New Business Strategies
No business owner could have prepared their company for 2020 and the coronavirus pandemic. But in this 13-minute video call, Gary Vaynerchuk and baseball legend Alex Rodriguez discuss what you can be doing to stay ahead of the curve, implementing new business strategies that will serve you well in the new normal.
Forbes: Entrepreneur Karim Abouelnaga on Self Improvement as a Key to Success
In this three-minute episode of Unfiltered, Practice Makes Perfect founder and CEO Karim Abouelnaga talks about how consistent self-improvement is a driving factor in his success and an integral part of his business model.
CNBC: The Rise and Fall of Pier 1 Imports
Pier 1 has long been a favorite of those looking for colorful, distinctive home furnishings and seasonal decor, but the Fort Worth-based retailer filed for bankruptcy in February and recently announced that it will be closing its entire business, partly thanks to the pandemic. Will this be good or bad news for other retailers? CNBC investigates in this 14-minute video.
Inc.: Simon Sinek on Why You Shouldn’t View Other Companies as Competitors
Some wise advice from bestselling author and entrepreneur Simon Sinek.
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…
