Many small business owners have great plans and visions for their company but fall short due to a lack of capital.  That lack of funding can cause your business to become stale and provide your competitors with an opportunity to siphon business from your customer base.  Cash flow is the life blood of small business and provides the flexibility necessary to compete with larger competitors.  One big advantage that small companies have is the ability to make changes rapidly.  That advantage disappears without the necessary funds to make those changes.  A merchant cash advance not only provides a much faster and easier way to gather your funding, the repayment process and terms ensure your business won’t become bogged down by debt.  Unlike a bank loan, you have the ability to use your cash anyway your deem necessary which will allow you to make the small changes that can take your business to the next level.  Here we’ve outlined some necessary improvements to ensure your company thrives well into the future.

Locations

If you’re already thriving in your current location, a second location can offer an opportunity to greatly increase your revenue.  While many owners recognize there is a limit to what you can do with a single location, many lack the funds necessary to expand.  Expansion not only provides an additional source of income, it gives you the ability to cross promote your different locations.  A second location also helps to develop your reputation as a quality company.

Inventory

The ability to buy in bulk can save a small business a small fortune.  Not only will you need the money to purchase additional inventory, you made need more space to store it.  The savings from bulk purchases allow you to increase your income and offer better pricing to your customers.  Additional inventory also ensures you will be prepared for a boom in business and potential shortages.

Marketing

The world of marketing has changed dramatically over the last decade with the digital landscape taking over.  Online reputation is extremely important for small businesses.  Social media and other digital platforms provide companies the opportunity to compete with larger businesses on a level playing field.  An investment in a quality marketing agency to handle all of your needs can be well worth the cost.  This will free up time to focus on operating and improving your business.

Staffing

With customer satisfaction being so instrumental in the success of a small business, having the ability to hire additional staff during peak seasons will ensure each of your clients receives the same level of attention.  Additional cash flow will also provide you with the means to hire highly qualified individuals that may bring your company to a new level of success.

Equipment

Inevitably your business will need to update its equipment.  Whether it be replacing broken down equipment or upgrading to more efficient models, equipment purchases can be some of the largest investments your company will make.  Having the latest technology will ensure you avoid costly downtime and increase productivity.

Cosmetics

A unique atmosphere is something that draws many people to small businesses.  Investing in the look and feel of your storefront will increase its curb appeal for foot traffic and make it stand out amongst other businesses.  The interior design is something that will encourage customers to come back again and again.  Providing a place where clients feel comfortable and welcome is imperative when building a small business.

Make It Happen

Merchant cash advances can offer businesses a significant amount of capital if they have a strong sales history. Those with credit ratings too low to get loans can still qualify for merchant cash advances.  Repayment is a fixed percentage of daily sales, so when you have slower days, you pay less. If the merchant cash advance is put to good use, your sales should be significantly increased, and your profits will be larger going forward.  It makes the cost of the merchant cash advance well worth it in the long run.  Contact Quikstone Capital Solutions for a consultation on how your business can benefit from a merchant cash advance, or simply apply now by clicking the button below.