There are always advantageous moves a savvy business owner can make to maximize growth potential and increase profits. When it comes to your business, if you're not moving forward, you are probably moving backward. Here are some smart moves business owners can make to ensure they are moving forward. Smart Move #1: Hire an AccountantUp until now, you may have handled all the bank deposits, payroll, income and expenses, and tax preparation on your own. But unless you have an accounting background, you may not be maximizing the business's financial situation the way a trained accountant could. In addition, handling the business's finances yourself is time consuming work. Free up your time and energy for tasks you are ideally suited for that can move the business forward, like marketing or creative pursuits.
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Topics:
Funding Your Business,
Growing Your Business
This year, start planning for your Christmas sales bonanza in July. This leaves your retail store with a mere five months to plan out how you will meet your customers increased shopping needs. There are many avenues to explore when it comes to taking advantage of the increase in holiday sales. Do not forget to factor in the last week of December for a successful marketing strategy. According to Retail Next, last year the after Christmas selling days of December 26 and 27 boasted a 7.9 percent increase year-over-year in sales, on a 3.2 percent increase in traffic. With sales figures such as these, it makes financial sense to ensure that your plan does not stop on Christmas day. Marketing can be very expensive so make sure that you check out a merchant cash advance from a company like Quikstone Capital Solutions to get fast funding for your small business.
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Topics:
Funding Your Business,
Growing Your Business,
Retail,
Ecommerce
Many businesses slow down at least somewhat over the summer months. These seasonal slowdowns can be difficult for businesses that rely on monthly sales to make payroll, purchase new inventory, and sometimes pay their own salaries to support themselves and their families. When the bottom drops out of a business's cash flow, it's difficult to know where to turn. Merchant cash advances can provide businesses a way to keep things going while they work their way out of the slump.
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Topics:
Funding Your Business,
Growing Your Business
Owning a small business can be challenging for many people. It's easy to make mistakes that can threaten the viability of the business, and just ordinary circumstances can create adverse circumstances that make it hard to keep on going. Sometimes it can seem like failure is around every corner, just waiting for you to make that fatal mistake with your business. Rather than living in fear, though, you can move forward confidently when you have the security of knowing that you have a safety net.
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Topics:
Funding Your Business,
Growing Your Business,
Ecommerce
How the staff of a business works to complete all the tasks required to run it is the most important aspect to success. When employees do their jobs well, the business runs well, makes a profit, and continues to provide jobs for the employees.
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Topics:
Funding Your Business,
Growing Your Business
