Merchant Cash Advance Blog

We're a few months into the new fiscal year, and now is an ideal time to pause and assess how your small business is tracking against the annual business plan you carefully crafted. Small business owners often get caught up in the day-to-day operations, leaving strategic planning on the back burner. Here are some tips that will help you not only evaluate your progress but also provide actionable steps to get back on track if necessary.

Taxes are a certainty each year, yet for many small business owners, the accompanying refund is a much-anticipated boost—an infusion of capital that often plays a pivotal role in growth plans, day-to-day operations, or even stabilizing a particularly taxing financial year. But what happens when this wholesome cycle is disrupted by the excruciating wait for a refund? How do you emerge from the period of inactivity and potential cash flow conundrums?

For small businesses operating on a shoestring budget, an injection of $10,000 could be a significant windfall. This sum of money opens up possibilities that can accelerate business growth, strengthen its foundation, and enhance its competitive edge. Below are several impactful ways in which a small business might allocate this funding.

From the slap of the puck against the ice to the roar of the crowd, few rituals stir the Canadian – and American – soul quite like the spectacle of the Stanley Cup Playoffs. For restaurant and bar owners, the Stanley Cup offers an incredible opportunity to not only celebrate the sport but also to attract devoted hockey fans and even convert the casual viewer into a dedicated patron.

In today's competitive business landscape, it's essential for small businesses to constantly find ways to increase profitability. While there is no one-size-fits-all solution, sometimes, it's the smaller, strategic tweaks that make a substantial impact. Here are seven effective strategies to make your small business more profitable.