Merchant Cash Advance Blog

Restaurants and retailers have learned dozens of lessons from the challenges of the past few years. Whether it was the pandemic, supply chain delays, hiring shortages, or inflation, business owners had to find new and creative ways to navigate consumer spending cuts. One positive lesson learned is that gift cards are an excellent way to boost merchants' revenue during tough economic times.

With dietary restrictions for those that need to or choose to eat a vegan or vegetarian diet, it can make it hard to eat out, and some of the options that are available are less desirable than one might hope. For this reason, you can expand your customer base and guarantee return customers by offering delicious vegan and vegetarian options. So, where do you start? Here are a few important factors to keep in mind when offering vegan and vegetarian options.

There is an important statistic every business owner should know - it costs 7 times more to acquire a new customer than it does to keep an existing one. But it’s not only the cost to consider. You can't understate the value of developing solid customer relationships.

For more than a year, small businesses have struggled to fill open positions. According to a new survey from the Alignable Research Center, roughly 45% of small businesses are putting hiring on hold due to higher salaries, inflation, and the fear of recession.

At a time when business owners are trying to hire staff and increase sales, they are exploring how social media can help them achieve these goals in a cost-effective way. 

In a recent survey, 87% of small-business owners said they primarily used Facebook for marketing, followed by 75% for Instagram, 28% for YouTube, and 26% for TikTok. But when it comes to which social media platforms small-business owners are most excited about, 30% said TikTok, compared to 28% for Facebook.