Is Growing Your Business on Your Holiday Wishlist?

Posted by Karen Erdelac on Nov 13, 2015

Grow your businessSmall business owners often times have only one wish, which is to see their company thrive among their competitors. Let’s face it – this is much easier said than done. According to Forbes, businesses fail primarily because they run out of cash. Well, there is a simple solution for this problem. Your company can take advantage of a merchant cash advance from Quikstone Capital Solutions which provides fast funding in as little as 48 hours. There are no application fees and these funds are paid back from future debit and credit card sales. Your payments adjust to your credit and debit card sales which offers you a flexible and convenient payment option. Do not let your company run out of cash when there is an easy fix to help you turn things around. There are several ways that you can utilize a merchant cash advance this holiday season.

Invest in some new equipment

Choosing to replace or add the right equipment can produce a huge payoff when it comes to return on investment. High dollar items like kitchen equipment, or autobody repair necessities can sometimes cost thousands. It is extremely valuable to have the funds to make these purchases so that there is less stress on you and your business can stay afloat. The holiday season usually brings an uptick in customers so there is also a surge on the use of your machinery. Having it maintained and repaired will help to lighten the burden and extend its useful life. It is extremely hard to remain competitive with outdated, and worn-out equipment.

Secure new advertising

Grow your businessHow many people in your community are aware that your company is there? You would be amazed at how many passerby’s do not even notice the businesses that they drive by on their daily commute. Use this to your advantage by raising your advertising bar. What type of advertising have you always dreamed of? Would you like to see your company’s name on a bus bench or billboard? There are definitely strategies that you can embark upon on a smaller scale also. Facebook offers very targeted marketing campaigns and there are multiple different resources for sending out a weekly or monthly newsletter. Advertise in a trade magazine or pay for a membership in your local chamber of commerce. Remember that you are always advertising for your company. So, get out there and meet new people. Tell them why your business is the best choice.

Holiday decorations

This season is the time to go all out and get into the holiday spirit. Have your business cards redone with a seasonal logo and design. Purchase new signage for the inside and outside of your store. Carefully position decorative pieces around and come up with a holiday themed raffle. It will excite your customers and also provide you with a welcomed reason to contact your customers by phone and email. Make sure that the prize is a good one and this should help you entice more foot traffic immediately.

Financial Emergencies

This is perhaps one of the best reasons to obtain funding from a merchant cash advance. It will give you quick access to cash when you need it the most. Depending on the nature of your business, your emergency scenarios may differ but most companies have one thing in common. You do not want to go out of business. So, whether you own a bakery, a salon, a liquor store, or any other small business, take the steps to secure your sustainability. You never know when there could a costly plumbing or electrical bill. Keep cash on hand so that you have it when you need it. Download our Free Preparing for Holidays Guide below.

Preparing for the Holidays

Topics: Funding Your Business, Restaurant, Retail