Business Video Roundup: Tips on Business Plans, Transparency in Business & More
In this week’s roundup of great videos for entrepreneurs and business owners, the CEO of Farmgirl Flowers reveals how transparency saved her business, Patrick Bet-David discusses why so many business plans fail, and Gary Vaynerchuk talks with Marie Forleo about building a business and a life that you love. Plus, a few tips on writing more effective emails from Steve Jobs and an in-depth exploration of why Dunkin’ Donuts is taking on Starbucks in the coffee arena.
Inc.: CEO of Farmgirl Flowers on How Transparency Saved Her Business
Christina Stembel, the founder and CEO of Farmgirl Flowers, ran into a massive problem supply-chain problem that prevented her from fulfilling customer orders. The only solution was a drastic overhaul of the way she conducted business. Rather than try to hide the problems her business was having, she decided to write her customers a letter and explain everything.
Valuetainment: Why Business Plans Don’t Work for Most
Business plans can be an invaluable tool if you approach them with the right mindset. The problem is, many entrepreneurs are going about it all wrong. In this six-minute video, Patrick Bet-Video explains why many business plans are doomed to fail from the outset.
#AskGaryVee: Episode #323 with Marie Forleo
In this 35-minute episode of #AskGaryVee, Gary Vaynerchuk sits down with Marie Forleo, who discusses her new book Everything Is Figureoutable. They talk about a wide range of business and creative topics and even answer questions from viewers.
Inc.: Want to Write More Effective Emails? Follow These Tips from Steve Jobs
Just a few tips for crafting more effective emails from Apple founder Steve Jobs.
CNBC: Why Dunkin’ Is Taking on Starbucks and Betting on Coffee
The franchise formerly known as Dunkin’ Donuts (now just Dunkin’) is making a $100 million bet to become a major player in the Starbucks-dominated coffee industry. This 15-minute video from CNBC explores the reasons for this shift in strategy and offers some food for thought for entrepreneurs who are thinking a pivot might be just what their business needs.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
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…
