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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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…
