Merchant Cash Advance Blog

The beauty industry is booming and owners of independent salons have realized the importance of incorporating technology while focusing on the customer experience. “On average, the industry has grown 2.7% annually in each of the past five years, and is expected to grow 2.2% annually for each of the next five. That means the salon industry is expected to out perform the United States general economy in that same time period.” In recent decades the industry has evolved to attract men and women of all ages, providing convenience and luxury to anyone willing to fit the bill. It just so happens, that number continues to grow.

Valentines Day is one of the biggest holidays for the restaurant industry and having a specialized menu will give your guests an experience they won’t soon forget. Memories are what makes for loyal customers, looking to come back year after year to relive a beautiful moment from the past. Valentines Day has the potential to help your bottom line not only during the holiday, but for years to come. Here we’ve compiled a few recipes to inspire your Valentines Day menu. 

Employee morale and company culture have been hot topics for small business owners in recent years and they are starting to understand the necessity and benefits of nurturing both of them. Each company culture is different, molded by its employees. When deciding how to invest in employee morale and company culture, it is best to start by talking with your employees. Once you’ve determined your biggest opportunities, then it is time to act. Here are a few ideas to get your discussions started.

The Millennial generation is known for seeking out smaller, private businesses that offer a variety of unique products and services. “Over the past eight years, gourmet coffee consumption has soared from 13 percent to 36 percent among 18-24 year olds, and from 19 percent to 41 percent for those 24-39. For espresso-based beverages, consumption increased from 9 percent to 22 percent for 18-24 year olds, and from 8 percent to 29 percent for respondents 25-39.” This market continues to expand and with an ability to pivot quickly, smaller coffee shop owners hold a distinct advantage. Along with your coffee selection, there are several other aspects of your menu to consider.

Whether you’re just getting started or have been operating for years, it is important to ensure your catering company has the essential elements of a successful small business in the mobile food industry. When developing, expanding or upgrading your catering business there are six key areas to focus your attention on.