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Business Advice Blog Posts

By First American Merchant

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Is Your Small Business Mobile-Friendly? Adopting a Mobile-Centric Strategy

To keep up with shifting trends and larger organizations, small businesses are constantly searching for ways to boost their business’ growth and outreach. From seeking solutions for bad credit (bad credit merchant cash advance) to alternative business funding solutions, small businesses work hard to keep pace. One of the biggest trends small business owners are paying attention to and implementing is a mobile-centric strategy. In the business world, mobile devices continue to take center stage in daily e-commerce transactions. Even so, many small businesses – 40 percent – have yet to sync their marketing efforts with a mobile-friendly strategy, according […]

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3 Risks Business Face and How to Properly Manage Them

Do you have plans to take your business idea and launch a startup in the New Year? If you are feeling a little overwhelmed with the task, know you are not alone. As you piece your business plan together and iron out the details, make sure you also consider the risks involved. Here are three of the major risks you will face in starting a business, along with three business relationships you should develop to mitigate those risks. 1. Sales Risk No matter what business type you have or industry you are in, there is always a risk that your […]

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5 Tips for Recruiting the Perfect Candidates for Your Small Business

Moving into 2018, small businesses are focused on their goals and aspiration for the New Year. According to a recent survey by Microsoft Store and SurveyMonkey, 90 percent of small businesses plan to hire one or two employees in 2018 – depending on their budget. Does your small business share these plans to hire additional staff? If so, the following 5 tips will help you find and hire the perfect individual(s). Use Your Business’ Social Media Do you know what interests candidates? Have you put your business “out there” enough for candidates to know who you are and what your […]

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Ways to Build Credit Using Your Credit Card

While everyone is talking about the use of credit cards to establish credit, no one is reminding you the repercussions of carelessly handling these cards. It is important to learn how to build credit.  Keep in mind that no credit history is better than poor/bad credit history. And that a poor history will have negative effects on your credit score. So if you’re purpose is to establish credit using your card then here are 4 ways to safely go about it. Limit Yourself to a few Cards Honestly, you don’t need several credit cards; one card should be enough to […]

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Best Protection from Cyber War on Small Business

The 2016 State of SMB Cybersecurity Report shows that from April 2016 to April 2017, hackers have breached half of all small businesses in the US. A bill making its way through the US Senate proposes to create a set of resources and guidelines that can be used by small businesses for the purpose of protecting themselves from cyber attacks, which are steadily increasing in number. Cyber Attacks Are on the Rise According to a recent survey, 87% of small business owners don’t feel they’re at risk of a cybersecurity attack. 1 in 3 small businesses doesn’t use the necessary […]

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13 Corporate Dissolution Steps to Take When Closing Down Your Business

Closing down a business is a big decision. It’s critical to take the right steps involved in the process. The reasons may be associated with poor management, poor marketing, anemic sales productivity, poor cash flow, inadequate investment capital, imprudent cutbacks, poor supply and delivery chains, and bankruptcy caused by rapid expansion. If you’re closing because you lack the necessary working capital, consider applying to a reputable business funding provider like First American Merchant to get low-cost and reliable business loans to improve your situation. Firstamericanmerchant.com is also a respectable processor that offers exceptional payment processing services, including a bad credit […]

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Business Corporate Identity Tax Theft

Every American business has its own Social Security number, also known as a Federal tax ID, Employer Identification Number (EIN) that identity thieves can target. In July 2017, the IRS warned that tax refund identity theft scams targeting US businesses were becoming more widespread. Corporate Identity or Business Identity Theft 2015 witnessed an embarrassing breach in which cyber-thieves stole $39 million in federal refunds based on personal identification data hacked from over 700.000 taxpayer accounts on an IRS website. This year, 107.000 individual victims have been registered through May, which is down from 204.000 in May 2016 and 297.000 in […]

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10 Things to Know When Rebuilding After a Natural Disaster

Natural disasters such as floods, hurricanes, tornadoes, volcanic eruptions, earthquakes, tsunamis, and other geologic processes can cause loss of life or property damage. You can read several helpful tips in this article that will help you recover and get out of the situation. Damage Caused by Natural Disasters Globally, 8.700 people were killed by natural disasters in 2016. This is down from 25.400 in 2015. Global natural disasters resulted in $175 billion in damage in 2016. The global cost was the highest in 4 years. Only 30% of the losses ($50 billion) were insured, according to the German reinsurance firm […]

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Hard Inquiries vs. Soft Inquiries— How long Hard Pulls Stay on your Credit?

Sometimes the pressure that comes with running a business may push you into rushing for new loans and seeking new credit cards pointlessly without realizing its effect on your credit score. Lenders may fail to approve you if you have made several credit inquiries depending on the loan you wish to apply for. Achieving good credit and clearing your debts calls for a proper understanding of hard pull vs. soft pull inquiries. It is important to realize that some credit or loan inquiries can negatively affect your score for a very long period, even up to two years. ​What’s a […]

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Retail Inventory Management Tips for the Holidays

The holiday season accounts for 20% of the retail industry’s annual sales. It’s often responsible for up to 30% of some individual retailer’s sale. Based on 2016 ecommerce statistics, gift cards are the most desired holiday gifts. The biggest days of sales for retailers and ecommerce businesses are on the 22nd and 23rd of December. According to the National Retail Federation (NRF), holiday sales are projected to increase 3.6% – 4% for a total of $678.75 billion to $682 billion in 2017. This is up from $655.8 billion in 2016. Since holidays are such an important time of year that […]

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