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).
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
How Factoring Works for a Small Hot Shot Trucking Company
Hot shot hauling is one of the fastest ways to put a truck to work, but it comes with a built-in cash flow trap: you pay for fuel, insurance, and your truck note in real time, while brokers and shippers pay you on their schedule. Invoice factoring closes that gap. Here is exactly how the process works for a small hot shot operation.
The Cash Flow Problem Every Hot…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…
