Merchant Cash Advance Blog

As consumer buying habits and demands continue to evolve, it is important for small retailers to take steps to adjust. Providing a positive customer experience has become a challenge, however, there are several ways your business can transform to meet the demands of today’s retail customers.

Consumers are eager to support their local small businesses, and owners need to adapt to make it easy for them to do so. Small businesses need to make themselves easy to find online, offer a variety of shopping and payment options and provide a stellar customer experience in order to thrive. “When push comes to shove, 82.76 percent of shoppers say they would rather support a local business than a large corporation. 8 in 10 would even spend more money if it were going to a local shop.”

Being prepared is the only way to make it through an economic downturn and keep your business profitable. While it may be impossible to plan for everything, there are steps you can take to ensure you are as prepared as one can be.

More women are starting businesses than ever before, which is great news. “According to the 2019 State Of Women-Owned Businesses Report, the number of women-owned businesses climbed 21% between 2014 and 2019.” However, many women owners don't seek funding because they feel like they won’t be approved, and many of them aren’t. This can even prevent some from starting a small business in the first place. 

While Small Business Saturday isn’t until November, it is important for restaurant owners to start preparing now. The pandemic has had a tremendous impact on the restaurant industry and SBS offers a great opportunity to make up some of the lost revenue. Here we take a look at how to get your restaurant ready for Small Business Saturday.