Merchant Cash Advance Blog

Being prepared is the only way to make it through an economic downturn and keep your business profitable. While it may be impossible to plan for everything, there are steps you can take to ensure you are as prepared as one can be.

More women are starting businesses than ever before, which is great news. “According to the 2019 State Of Women-Owned Businesses Report, the number of women-owned businesses climbed 21% between 2014 and 2019.” However, many women owners don't seek funding because they feel like they won’t be approved, and many of them aren’t. This can even prevent some from starting a small business in the first place. 

While Small Business Saturday isn’t until November, it is important for restaurant owners to start preparing now. The pandemic has had a tremendous impact on the restaurant industry and SBS offers a great opportunity to make up some of the lost revenue. Here we take a look at how to get your restaurant ready for Small Business Saturday.

Strategy and tactics will only get you so far. Being on your mental game is vital to the success of your small business. Being able to think clearly, control your emotions and keep a positive eye toward the future will have a greater impact on the growth of your business than most strategies or tactics ever will. Conquering the mental aspect of owning and growing a small business can be challenging. 

Now more than ever, delivery services can significantly increase restaurant revenue. Families have been at home cooking their own meals for several months, while many are still reluctant to choose dine-in options, to-go and delivery food items are very popular right now. Many people are also returning to work now and are busier than before trying to catch up, so they are heavily leaning on other dining options. Because of this, delivery is a huge component for choosing a restaurant, so it is important that you give just as much attention to this aspect of your business as you do your in house patrons.