Business Video Roundup: Pandemic Pivots, Quarantine Business Strategies & More
In our latest business video roundup, we hear from more small businesses and entrepreneurs around the country who have shifted gears to lend a helping hand where it’s needed during this crisis. This includes a global fashion brand, a Minneapolis-based manufacturer of custom wood products, a bakery/café in Austin, and a restauranteur in New York City. They tell their stories and offer great advice to fellow small business owners. Plus, Patrick Bet-David reveals seven ways to grow your business during a global crisis and Gary Vaynerchuk discusses eight business strategies you can start under quarantine. That means right now.
GaryVee: 8 Business Strategies You Can Start in Quarantine
In this 65-minute episode of Tea with GaryVee, Gary Vaynerchuk takes calls from viewers and answers questions, taking a deep dive into business strategies that you can start in quarantine, right now.
Patrick Bet-David: 7 Ways to Grow Your Business During a Global Crisis
“When a major crisis takes place, there will be three different types of businesses at the end of it,” says Patrick Bet-David. “There will be those who shut down, those who survive, and those who become stronger.” In this 12-minute video, he talks about seven things you can do to ensure your business is stronger once the whole thing is over.
Forbes Firsthand: One Restaurant Owner’s Pivot to Activism to Save the Industry
After shuttering her restaurant West~Bourne in SoHo, Manhattan, Camilla Marcus quickly moved into activism, becoming one of the major voices behind the #savetherestaurants movement along with ROAR and the Independent Restaurant Coalition.
Inc.: How Rebecca Minkoff’s Company Is Pivoting During the COVID-19 Pandemic
In this 15-minute discussion, Inc. staff writer Emily Canal talks to Rebecca Minkoff, co-founder and creative director of the global fashion brand that shares her name. Minkoff offers up some great working-from-home tips and other sage advice.
Small Business, Big Heart: Woodchuck USA (Minneapolis, Minnesota)
In the latest episode of Small Business, Big Heart, Woodchuck USA chairman and founder Ben VandenWymelenberg reveals how his company shifted focus to making face shields to donate to frontline workers in the face of this pandemic. Two more Small Business, Big Heart episodes also came out earlier this week, both well worth your time: one with Jessica Tomberlin of Crema Bakery & Cafe (Austin, Texas) and one with Eric Dayton of Askov Finlayson (Minneapolis, Minnesota).
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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…
