Merchant Cash Advance Blog

Much like personal finance, establishing multiple streams of revenue is essential to protect and grow your business. As we move through this trying time, it is important as a business owner to begin to focus on how to be better prepared and diversified in order to protect your company in the future. Whether it’s incorporating online sales, expanding your product lines, offering new services, or opening a complementary business, having multiple revenue streams can keep your business operating in the black even in difficult situations. Here are a few practical ways to open up new revenue streams and protect your small business.

A SWOT analysis is one of the best ways to gain insight into your business operations, discover opportunities and set your company up for future success. “SWOT – which stands for "strengths, weaknesses, opportunities and threats" – is a type of analysis that helps you develop your business strategy by comparing internal factors (strengths and weaknesses) against external factors (opportunities and threats). Examples of internal factors include things that you have control over and can change, like your staff or your intellectual property. External factors are things that you cannot control, like consumer trends or competitors.”

Knowing the answer to this question is essential in marketing your restaurant. A signature dish can make your restaurant stand out and separate you from your competitors. It can also make your restaurant more memorable. Throughout history, signature dishes have defined cultures and restaurants alike. Here are some ideas for developing, choosing and promoting your restaurant’s signature dish.

Whispers echoed through the halls as America sat back and anxiously awaited the countdown sequence to begin. Something that is not foreign to the grounds of Cape Canaveral as the missions launched from this historical place are as infamous as they get. The Cold War catapulted our desire for space exploration by starting the space race between the United States and the Soviet Union, and the American desire couldn’t be more alive.

We all know that customer loyalty is important, but why is it so important to small business? Loyal customers have a profound impact on marketing costs and brand awareness, not to mention the continued revenue generated through their purchases. Here we take a closer look at the impact of customer loyalty.