A merchant cash advance is an excellent alternative funding source to add to your current mix of loans, lines of credits, credit cards and personal financing. Businesses like them because of the simplicity in securing capital. Capital advance providers typically don’t ask for a business plan, and they usually do not require collateral. Your credit score does not have to … Read More
Merchant cash advances have been gaining in popularity as an alternative lending source to small business as credit remains tight. Big players like Amazon and American Express are getting into the business. Many businesses that have used a merchant advance in the past use the product over and over to even out cash flow. But some businesses have nothing good to … Read More
Ready to take your business to the next level in 2013? Consider the following four business applications to help you get money and make money.
Groupon. LivingSocial. Gilt Groupe. There are few advertising options that garner as much praise and poison at the daily deal provider. They’re heralded as traffic generators in one breath, and small business destroyers in the next. What is their attraction? The most obvious benefit to the daily deal is traffic generation. Overall, almost 80 percent of daily deal traffic comes … Read More
Customer reviews can make or break a business, especially when shared online on a public forum like Yelp, Tripadvisor , Twitter, or even Facebook. Almost 8 in 10 online Americans between the ages 18 and 64 agree that online reviews influence their purchase decision. This all sounds exciting until your business gets negative press.
$1.8 billion. That’s the typical sales for the entire restaurant industry on any given day in 2013. That sounds like a lot of money doesn’t it. But as a restaurant owner or manager, you know the truth – restaurants are high-expense businesses. Full-service restaurants typically pull in margins of only 2-5 percent. According to the 2010 Operations Report by the … Read More
The key to a successful business is the ability to be found by your potential customers. There are two critical locations for which they search: the location where they can transact business, and the location where they can find out more information about your business and your solutions. Investing to ensure your business found can open doors to increased revenues, … Read More
There is a new funding source on the block, and it’s the talk of the financial town – crowdfunding. Crowdfunding allows a wider group of individuals the opportunity to invest in business concepts.
Running a small business is expensive and a lot of work. You need to develop new products; you need to resolve customer complaints; you need to optimize pricing to hit your revenue targets; you need to have experts on staff to handle certain areas of the business, and you need money to keep it all going. There is a way … Read More
Last week we discussed the first part of this equation, how to make money, or more specifically, how to bring in the money faster. Now let’s take a look at the other side of the equation – expenses, or more specifically, how to pull out money more slowly.