Business Video Roundup: The Cost of Not Having a Mentor, Firing Toxic Employees & More
In this week’s roundup of great videos for entrepreneurs and business owners, Gary Vaynerchuk offers up several golden nuggets of business advice, the founder of high-protein meat-snack company EPIC Provisions discusses the mistake that cost them half a million, and the latest episode of Entrepreneur’s Elevator Pitch catches up with a pair of furniture founders from last season. Plus, CNBC explores why Jumia is beating Amazon and Alibaba in Africa and what lessons businesses can learn from their success.
GaryVee: The Ultimate Advice for Every Business
This eight-minute video contains highlights from the Transparency19 WavesSide Chat where Gary Vaynerchuk dispensed quite a few nuggets of wisdom. In these clips, he discusses real versus fake entrepreneurship, why businesses should innovate, why you should fire toxic employees in your company, and the difference between a marketer and a salesman.
Inc.: Not Having a Mentor Cost Them Half a Million Dollars
Taylor Collins, the co-founder of EPIC Provisions (high-protein meat snacks), talks about some of his early mistakes that cost his company lots of money. He says these pitfalls could have been avoided if only they had asked for help.
CNBC: Why Jumia Is Beating Amazon and Alibaba in Africa
Referred to as the “Amazon of Africa,” Jumia is Africa’s largest online retailer, surpassing Amazon and Alibaba. It’s also the first African tech startup to go public on the New York Stock Exchange. How did they become so big so quickly and what lessons might other businesses and entrepreneurs learn from their success?
Entrepreneur Elevator Pitch: “I Invest in People”
This episode of Entrepreneur’s pitch show (similar to ABC’s Shark Tank but with a little less flash and a little more substance) catches up with a pair of furniture founders from last season to see how their business is doing today.
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What Makes the Best Factoring Company in Houston? An Honest Answer From Someone Who Runs One
Short answer: There is no single best factoring company in Houston. There is a best factoring company for your business, and which one it is depends on your invoice size, your industry, your customers’ credit, how much hand-holding you need, and how much you’re willing to pay for speed. This article gives you the criteria to figure that out — including the questions that will get you an honest…
Survival Skills for Entrepreneurs: Growing a Business Without Running Out of Cash
I’ve been in the factoring business since 1993, and I started American Commercial Capital in 2003. That means I’ve spent more than thirty years looking at the inside of small companies — their invoices, their aging reports, their customer lists, their payroll cycles.
It’s an unusual vantage point. A banker sees a polished loan package. An accountant sees last year. I see what’s happening this week, in real…
What’s a UCC-1 Filing, and Why Does My Factor Need One?
Part of our Honest Answers series — straight talk about financing a growing business.
Somewhere in the factoring agreement, usually right about where you’re feeling good about the deal, you’ll hit a line that says the factor will file a UCC-1 against your business. And for a lot of owners, that’s the moment the stomach tightens. A lien? Against me? I thought I was the one getting paid…
