Merchant Cash Advance Blog

Small business owners often overlook the need for cash as daily operations and inventory take precedence when it comes to setting the budget. The fact is, without cash your small business stands little chance of growing. Being able to take advantage of opportunities when they arise will greatly impact your ability to scale. If your aim is to grow your business and thrive into the future, working capital needs to be included in your budget. Here’s why:

Employees drive business and in many cases are the face of your company. An investment in your staff is an investment in the reputation and longevity of your small business. There are several steps you can take to improve your work environment and get the most out of your team.

Women have made considerable strides in the corporate landscape over the years. Not only are females gaining high-level positions within private firms, they're also dominating the entrepreneurial landscape. According to the National Association of Women Business Owners, in the United States alone, “More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales as of 2017. Women-owned firms (51% or more) account for 39% of all privately held firms and contribute 8% of employment and 4.2% of revenues.” Although there has been significant growth, women in business still have a harder time acquiring small business funding when compared to their male counterparts.

Driving small business growth requires a proactive owner with an eye on the future. Taking the initiative to focus on growth rather than just maintaining will ensure your business thrives even in lean times. Staying current on the latest trends and technology and continuously educating yourself on the tools needed to grow will help keep you ahead of your competition.

Business cash advances have continued to open up opportunities for small businesses without access to traditional bank loans. One great use of this type of funding is marketing. Even the best marketing plans can fall short without the cash flow to allow for proper implementation. Small business owners have recognized the need for an increase in marketing budget as online sources have created a whole new world of competition. Having marketing dollars available to advertise your business, supplement organic efforts and outsource critical tasks is necessary to thrive and compete with larger operations. Here we’ve outlined some of the best ways you can use a business cash advance to improve your marketing efforts.