Business Video Roundup: Tips for Running a Business and Surviving During Times of Crisis
Our latest business video roundup features stories of small businesses struggling to survive during these unprecedented times as well as tips for operating during a global crisis. Min Choe, co-owner of Tso Chinese Delivery in Austin, discusses doing their best to help the local community while facing their own challenges; Nina Faulhaber, co-founder of clothing company ADAY, talks about keeping business alive as international mills are shutting down; and CNBC explores how the U.S. restaurant industry has been impacted by the pandemic. Also on deck: Marie Forleo offers up five tips for running your business with thoughtfulness, compassion, and heart during these troubling times and Inc. reveals how a “lifeboat strategy” could help your business weather the storm.
Small Business, Big Heart: Tso Chinese Delivery (Austin, Texas)
In this episode of The Small Business Revolution’s Small Business, Big Heart series, Min Choe, co-owner of Tso Chinese Delivery in Austin, talks about pivoting his business to provide free meals to people impacted by COVID-19. Although his restaurant is facing its own hardships, he’s making sure employees and displaced community members can always count on a free meal.
Forbes: How Retailer ADAY Is Navigating Business as International Mills Close
With the coronavirus pandemic drastically disrupting supply chains around the world, businesses of all kinds are facing incredible challenges. In this three-minute video, Nina Faulhaber, co-founder of clothing company ADAY, describes how her business is dealing with these new challenges and planning to survive.
Marie Forleo: 5 Guilt-Free Ways to Run Your Business During a Global Crisis
If you’re feeling guilty about marketing and selling in the midst of a global pandemic, you’re not alone. These are difficult waters to navigate, but it can be done with compassion and heart. Marie Forleo has a few tips that may help during this time of crisis.
Inc.: How a ‘Lifeboat Strategy’ Can Help Your Business Survive a Crisis
Entrepreneur and startup expert Steve Blank recommends a “lifeboat strategy” for staying afloat during a crisis—a game plan your company can pivot to if the ship begins to sink. This two-minute video tells how to create a lifeboat strategy for your business.
CNBC: How Coronavirus Decimated the Restaurant Industry Overnight
“Restaurant businesses and food businesses are very tenuous—they don’t have a lot of cash reserves and they go from week to week,” says Fred Kaskowitz, owner of Woods End Deli in Bridgeport, Connecticut. This 11-minute doc from CNBC explores how restaurants in the U.S. are struggling during city- and state-wide shutdown initiatives, with over three million industry employees already having lost their jobs and many restaurants completely closing up shop. Can the industry survive?
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…
