Merchant Cash Advance Blog

The economic recovery continues and the consuming base remains on a rocky road. Despite tumbling oil prices, consumers still aren't pulling out their wallets to spend their hard earned money. According to the latest report from the Department of Commerce, consumer spending in December saw its biggest decline since 2009.

It is estimated that United States consumers will spend $327 billion online by next year. This means that every business venture should be finding ways to get their slice of the pie.

Your store may have competitive prices, excellent customer service and great products, but if your establishment is unsanitary, dusty and infested with bugs then your customers could potentially start looking elsewhere for their goods and services. 

It’s not too late to invest in mobile technology. Consumers are spending more than three hours a day on their smartphones, using their mobile devices as they shop in-store and to make purchases online.

The holidays are over, the economy is continuing its momentum and consumer confidence is growing again. With the labor market stabilizing and the rise in disposable income, restaurants can start to run all cylinders and prepare to welcome in new guests.