Business Video Roundup: Overcoming Setbacks, Strategic Business Planning for 2020 & More
In our latest roundup of great videos for entrepreneurs and business owners, Patrick Bet-David dives into strategic business planning for 2020, Gary Vaynerchuk discusses business strategy with up-and-coming entrepreneurs, and Revelry CEO Michelle DeLoach talks about knowing when to cut your losses on a business venture that’s not working out. Plus, the latest episode of Entrepreneur Elevator Pitch delivers a few surprises and a new CNBC mini-documentary explores how Chipotle bounced back and revitalized their brand after taking a massive hit in the wake of their highly publicized food safety crisis.
Patrick Bet-David: 2020 Strategic Business Planning
In this 12-minute video, Patrick Bet-David gives a highly motivating and helpful rundown on how to start a business plan that will have you ready to tackle 2020 with renewed vigor. It’s time to start thinking about the new year.
GaryVee: These 8 Questions Will Reshape Your Business Strategy
Over the course of an hour, Gary Vaynerchuk discusses business strategy with other entrepreneurs and business owners and dishes out lots of excellent advice. Topics include shifting your customer base, positioning your business for a high-end market, striking a balance between speed and listening, marketing for non-profits, building a global brand, and more.
Inc.: How Revelry CEO Michelle DeLoach Overcame a Major Setback
Knowing when to cut your losses can save your business tons of money. In this short clip, Revelry CEO Michelle DeLoach talks about the reasons behind her decision to shut down her company’s bridal wear line after less than a year on the market.
CNBC: How Chipotle Bounced Back After Food Safety Scares
After a series of food safety incidents starting in 2015, popular Mexican-style food chain Chipotle entered a period of crisis. By the end of 2016, Chipotle’s profits had fallen by 95%. But with new executive management, the company was able to engineer a stunning turnaround. This 17-minute mini-doc from CNBC explores how they did it.
Entrepreneur Elevator Pitch: You Have Two Offers, Gotta Make a Decision
The latest 22-minute episode of Entrepreneur Elevator Pitch gives another group of business owners a shot at funding.
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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…
