Foreclosures. Bankruptcy. Bailouts. We’re living in some fun times my friends. How many of us are underwater with our home mortgages and essentially can’t move because we can’t afford to? But what do you do when the business bills start piling up? Eventually you will run out of credit and may even try (reluctantly) to get a small business loan from a bank. Didn’t the banks get this whole miserable ball rolling? Small businesses often turn to merchant cash advances when bank loans aren’t attainable. Call us today-(646) 448-1700.
Underwater homeowners who walk are more credit savvy. Read the story here.
Price hikes filter down to the business entity that can least afford to handle higher prices – the small business. What can you do to make your payments and still please your customers. Here are some simple ways – reduce the size of your product, keep the price the same or raise the price and tweak the size up a smidge. Ask your suppliers to cut you a break or find new suppliers that want your business. Conserve as much energy (money) as you can. Just be mindful of the cash leaving your pocket and you will discover new ways to save.
Ways to Deal with Rising Prices.
If you control every aspect of your business, you probably don’t log that much sleep time. One more item to keep you awake at night – your 800 number. The toll-free number is meant to make it easy (and economical) for your customers to reach you with questions, orders, etc. But don’t assume that this number is always going to your business. Do yourself a favor and regularly check to see that your number is working properly and while you’re at it, that the person answering the phone for you is knowledgeable.
See what business one company in Philadelphia has been redirecting some 800 numbers to in the last 10 years. Hint: not your company.
How close to the vest do you play it? Do you wait until last minute to replenish your inventory, update your equipment, pay your suppliers? Waiting until the last minute usually means paying a premium for something you desperately need now (or yesterday in some cases). Don’t wait until it’s too late, let United Capital Source help you get ahead of the curve. Call us today for funding.
Apparently there is a Royal Wedding this week and some potential tourists waited to buy their airfare. See what premiums they will be paying the airlines for their last minute flight.
Retaining employees may become harder as the economy recovers and the job market improves. Your current employees might have new access to better employment. What should you do as a company to hang onto the good ones? Well, hopefully you have a retention strategy in place, but if you don’t take a cue from those who are already doing it successfully in the retail and restaurant industries.
Who are the Best Companies to Work For This Year?
More customers equates to more business. Question is – how do you attract them to your website? Well, if you are an established business people will most likely find you on the internet if you have employed some SEO strategies – use of keywords, social media, posting ads. But what if you are a newer company and need to expand quickly because the cash flow is not there. You might have to employ some traditional methods to inform customers of your business. Partnering up with more established companies goes a long way as well.
How to Lure Potential Customers to Your Site. Read the story here.
Trade shows – essential part of your industry, time to gather with colleagues and competitors or complete waste of your time? Obviously your call depending on what you can expect to gain by attending or exhibiting at a trade show. Most find it helpful to see what other businesses are doing and to stay in touch with industry trends. Often there is a lecture series associated with the trade show that can be useful to small business owners on a variety of topics. While you might discover a better way to do business, you will need cash for your business to make those ideas into a reality.
When It Pays to Spend on Trade Shows – 12 ways to make it worthwhile.
Many small businesses are run by families, hence the name Mom and Pop shops. What we may tend to overlook is that some of the most successful businesses today – Walmart, MCDonald’s, and Cheesecake Factory to name a few, were started many years ago by entrepreneurs with a great plan and an extended family. Who knows what the next greatest business idea will be or what family will step to the forefront with the passion to start a business. Funding is essential for any small business.
Keep those PEEPS! coming. A story of small business success.
Customers are hard to come by and even harder to keep. Just ask the CEO of GoDaddy.com. A video surfaced of the CEO killing an African elephant and the company is suffering the fallout. Competitors are poaching GoDaddy’s customers in the wake of this PR nightmare. Customers are using their voice, their cash, and saying they will not support GoDaddy by transferring to other domain sites.
Rivals go after GoDaddy CEO – read about the controversy.
It’s probably no secret that retailers design storefront windows and overall stores with the consumer in mind. They want to attract, woo and sometimes dazzle Joe Consumer. What you didn’t realize is that some store layouts are designed to keep you from leaving. Yes, my friends – you just walked into a mousetrap and surprise, the only way you may leave your local Best Buy or Grocery store is to walk through the checkout area. Genius. Need an update to your store, equipment or location, call United Capital Source today for retail funding.
Find out how Retailers are creating the perfect shopping world to catch and keep you in their stores.