Merchant Cash Advance Blog

Having a well thought out business plan that includes a detailed budget is essential for the longevity of a small business.  Knowing where every dollar is coming from and going to will help you make better decisions regarding the direction of your business.  Many small businesses operate at a loss without knowing it until it’s too late.  Here we outline seven questions to address when determining your yearly budget.

Every wedding season is different as trends change, tastes evolve and expectations increase every year.  Weddings are a major contributor to the bottom line of most catering companies and maximizing profits during peak season is essential to the longevity and growth of your business.  Your menu, staff, equipment and your ability to reach potential customers all play a major role in your success.

The design of your restaurant plays an integral role in your ability to maintain loyal customers as well as the length of time your guests spend in your establishment.  A well-designed restaurant should be inviting, clean, comfortable and easy to navigate for both guests and employees.  Every area in your restaurant should be made efficient in order to maximize profits.  Here we break down some key areas to address when redesigning your restaurant.

As online retail sales continue to increase it has become imperative that owners of brick and mortar stores find ways to stand out.  As the online marketplace grows, the competition for customers will become fierce.  Having a clear strategy and implementing it ahead of time will give your business its best chance to prosper.

It takes significant financial investment to turn your great business idea into a reality and you need subsequent investments to keep your business afloat.  What do you do when your funds run short?  Have you been to a traditional bank and gotten turned away? What about the huge checklist that the bank needs you to fulfill to determine your “credit worthiness?” Their business loan checklist may include your personal background, resume, business plan, personal credit report, business credit report, income tax returns, financial statements, bank statements, and collateral.