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
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…
What Type of Invoices Can Be Factored?
Not every invoice qualifies, so it’s worth knowing what makes one factorable before you count on it. The good news is that the rules are sensible, and most standard B2B invoices fit just fine.
At the most basic level, a factorable invoice is one that is owed by another business (or a government entity) for goods or services you’ve already delivered. A few characteristics define a clean, fundable…
