Building Up Your Business with Merchant Cash

Posted by Karen Erdelac on Aug 26, 2015
merchant cash
The process of building your business is an ongoing one that takes time, effort and capital. Although the building process is most intensive as the business is created, it can continue for many years as conditions change and you learn what works best to maximize profit and return.

Ways to Build Your Business

Some effective ways to build your business involve having top quality products or services, displaying them effectively, and marketing the business both on and offline. Experts suggest that some of the best ways to build a business involve using systems that others have already created or invented, rather than spending days, weeks or even months reinventing the wheel.

Instead of agonizing over updating your logo, hire a graphic designer. Don't create your own website unless your business is web design. Even writing advertisements, articles and copy for your site can be hired out to a copywriter while you focus on selling your products and generating income. According to entrepreneur Laurie Hayes, one key to building your business effectively is developing "the entrepreneurial mindset that understands you have to work smarter, not harder."

Marketing is a huge part of building and growing a business. You can't grow if nobody knows you exist. While it isn't necessary (or possible) to spend huge amounts of money on marketing, using only free marketing tools and methods will take up a lot more of your time and will limit the impact of your campaign. Google and Facebook Ads are tremendously impactful for just a few dollars a day, and some giveaways on your social media pages can produce great effects for little cost.
building a business


Cash for the Building Process

In the ideal world, building a business would involve reinvesting profits. Many times, however, businesses fall short of this goal, and can't meet their goals for growth without a cash infusion. Merchant cash advances can give businesses the cash they need to grow so that they can gain market share and expand their bottom line.

Merchant cash advances aren't loans, so businesses can qualify for them even if they don't have collateral or a high credit rating. When your business takes a cash advance, you are actually selling a share of your future profits, which the cash advance provider then takes in tiny increments from your daily receipts until the contract is fulfilled.

There are many advantages to using merchant cash advances, including short repayment periods and the fact that the amount the provider takes is a percentage of the day's total receipts. This means that on slower sales days, less is taken out, so that you don't risk ongoing shortfalls in the process of repaying the debt.

Using a merchant cash advance to build your business can give you the breathing room you need to get your business growing and increase your bottom line. Quikstone Capital Solutions provides merchant cash advances in just a few days so that your business can thrive.

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Topics: Funding Your Business, Growing Your Business