Merchant Cash Advance Blog

Have you been considering a Merchant Cash Advance and trying to sift through and understand all of your choices?  There are several options calling themselves Merchant Cash Advances (MCA). One is known as an ‘ACH loan product’ where a daily ACH debits your business bank account (they are generally not loans, but merchant cash advances in a different package and sometimes referred to as a ‘cash flow loan’).  Another is known as a ‘credit card split processing product’.  Let’s discuss the advantages of the split processing product as opposed to the daily ACH merchant cash advance but, before we get into the differences, answer this question: When was the last time you wrote a paper check?

The salon industry is one of the more difficult businesses to convert to an eco-friendly model.  Currently there are no green-star rated traditional equipment.  There are however several ways you can reduce your carbon footprint and make your salon more environmentally friendly.  The salon industry is all about beauty, it’s important that we don’t sacrifice the health of the earth in order to obtain that.  Converting to a more green business model not only reduces the impact you have on the environment, it can also be a way to increase salon revenue.  There are droves of environmentally conscience people who may rarely go to the salon or have stopped going completely.  Being able to advertise your salon as a green business can bring some of them back, and at the same time, reduce attrition of your current customers.

Summer is a great time to build relationships between employees and promote teamwork.  The importance of a company taking time for team building and encouraging people to work together can’t be understated.  Idea sharing and motivation are just a couple of the benefits of these types of exercises.  You’ll also get a chance to see what makes your employees tick and identify leadership traits that could influence promotions.  You may also find a diamond in the rough that may just need a change in their job description to help your company flourish.  There are several inexpensive ways you can encourage teamwork and provide a healthy work atmosphere.

With the summer rolling in, it may be time to spruce up your dessert menu.  Desserts can be a big money maker in the restaurant industry.  The ability to up-sell just one dessert per party can dramatically increase your restaurant revenue.  They can also be a way to create loyal customers as some patrons will visit an establishment just because they offer their favorite dessert.  The summer months offer an opportunity to create new, unique dessert items that will provide refreshment for your patrons on those warm summer nights.  Here are a few favorites, as always, your personal touch is what will make your dessert menu stand out.

In our first piece, How to become a Great Owner and CEO, we covered the importance of having a broad knowledge base, knowing your strengths and weakness, keeping up with technology, taking chances and being available.  Of course, there are many more ingredients that comprise a great owner and CEO.  While some believe being a great owner and leader is something you’re born with, there are things you can focus on to improve the way you run your business and the way your customers and employees view you.  The success of any small business starts at the top, a great owner is imperative to the growth and survival of a company.  Here we’ll outline a few more business growth strategies to help improve your business.