Merchant Cash Advance Blog

While having a great product is still important, there are many other factors that contribute to operating a successful small business in today’s day and age.  As competition and expectations increase, small business owners are tasked with creating a business model that resonates with employees, customers and the general public.  Here we break down ten key traits of a successful small businesses in 2019.

Your small business website is essentially your online storefront.  With the incorporation of eCommerce, it can even be your online store.  Regardless of what business you’re in, your ability to be found online will have a tremendous impact on the success of your company.  While social media is an effective means of distributing content, engaging with customers and building a following, your online presence begins with your website.

When employees miss work, it is more than just an inconvenience, it is extremely detrimental to your bottom line.  “The Centers for Disease Control and Prevention (CDC) reports that productivity losses linked to absenteeism cost employers $225.8 billion annually in the United States, or $1,685 per employee.”  For many smaller companies this has the potential to cripple your business.  As with most things medical related, preventative maintenance is the most effective solution.  Here we take a look at how to keep your small business clean and healthy.

Online shopping, meal delivery services and review websites have empowered customers by giving them a variety of purchase options and outlets to speak their mind on a particular business.  In any industry, some more than others, you will be faced with difficult customers.  Whether or not they have a reasonable gripe will vary case to case, but there are some standard steps you can take to diffuse most situations.

Small business owners that lack a growth mentality risk remaining stagnant and have little chance of maintaining success.  Even if your business is doing well, you should always keep an eye to the future.  This means consistently investing in the strategies and operations of your business.