Business Video Roundup: Why Employees Quit, How to Get Funded & More
In this week’s roundup of great videos for entrepreneurs and business owners, Patrick Bet-David lists 20 reasons employees might quit on you, Gary Vaynerchuk and others deliver a lot of excellent advice in a mammoth two-hour episode of Marketing for the Now, and Dakin Sloss (founder of Prime Movers Lab) reveals a few simple steps on securing VC funding. Plus, Forbes offers a look at how two passionate entrepreneurs launched a cookware company from their home kitchen, while CNBC explores the successful reinvention of 7-Eleven and the changing convenience store industry as consumer behavior shifts in a post-COVID era.
Patrick Bet-David: 20 Reasons People Quit on You
In this 16-minute video, Patrick Bet-David breaks down 20 reasons employees might quit on you. Lots of great insights and ideas for retaining your talent for the long haul.
GaryVee: Marketing for the Now Episode 18 with Gary Vaynerchuk
The latest two-hour episode of Marketing for the Now with Gary Vaynerchuk is filled to the brim with freewheeling discussion about business and marketing, including timely advice about standing up for what you believe in and the incredible power of empathy.
Evan Carmichael: Simple But Effective Steps to Get Funded by a VC (Dakin Sloss Interview)
Evan Carmichael interviews Dakin Sloss, founder of Prime Movers Lab, an investment company that invests in scientific startups. No matter what industry your business is in, Sloss has some great advice for creating a business that’s both built to last and attractive to investors. “If you over-prioritize making money,” he says, “you’re going to lose out on much larger opportunities because you’re going to make short-term-oriented decisions rather than long-term-oriented decisions.”
Forbes: How Two Entrepreneurs Launched a Cookware Company from Their Kitchen
A quick look into how entrepreneur Asha Kangralkar, along with her husband and business partner, launched cookware company Avacraft from her kitchen. “My passion for cooking different cuisines made me meticulous about cookware,” Asha says.
CNBC: The Rise of 7-Eleven
CNBC provides an interesting overview of the rise of 7-Eleven since the 90-year-old brand introduced its first Evolution Store in 2019. Revamped for a new generation of consumers, it has had great success so far. But the convenience store industry could be on the cusp of massive change, pushed along by the pandemic and shifting consumer behavior.
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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.…
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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…
