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Business Advice Blog Posts

By First American Merchant

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How to Use Alternative Lending for Your Business Goals

If you’ve recently started diving into the world of alternative lending, you likely have a lot of questions. What is an alternative lender, and why do so many entrepreneurs turn to them?  Alternative lenders provide great business funding options for those who struggle to secure financing elsewhere or find themselves in a unique situation. With so many alternative lenders offering better products and greater flexibility, it’s no surprise more and more business owners are choosing these lenders. All in all, they have completely transformed the way business owners access financing and the expectations surrounding the whole process. Here are some […]

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What Are Cash Advances? Should You Get One?

What Are Cash Advances? Should You Get One? The most attractive side of cash advances is that you can get them more quickly and easily as compared to other funding solutions. This article will help you decide whether you should apply for a cash advance or not when in need of extra working capital.  Cash Advances: What Are They? A cash advance is a short-term funding solution offered by your credit card issuer. You can receive it even if your credit isn’t excellent. The provider will charge you a cash advance fee that’s either a minimum flat rate or a […]

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Why Business Loans are Difficult to Get

Getting a merchant loan is one thing, but getting the loan denied is devastating. Several factors keep you from getting a business loan, and bad credit is the major problem, though they are preventable.  Ways of boosting your credit score and enhancing your approval chances  If your credit history reveals that you cannot repay your debts, you will have difficulty obtaining a business loan. If you have recently filed for bankruptcy, you may find it hard to secure a company loan because you have no history of repaying bills. Your creditors will hesitate to offer you money when you file […]

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The Best Places to start a business in 2022

You feel it’s the right time to start a business, yet you find it hard to decide where to locate the business. As an entrepreneur, you will need a  place that inspires you and gives you space to grow over time.  When you finally get your idea, identify your capital financing option, and formulate a dedicated business plan, opportunities and places to start the business are limitless. We will look at three easy places to start any business. At home Starting a business at home is much easier today than in the past years. Globalization and technology have tremendously improved […]

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4 Warning Signs You’re About to Make a Poor Business Decision

Thinking about making a business decision, but not sure whether it is the right one? It may be time to take a step back. Trying to make decisions without researching can have negative, long-term consequences for companies. When making decisions about significant changes or purchases, these four warning signs indicate you need to slow down and do more thinking before proceeding: 4 Red flags Your Decision May Hurt Your Business 1.  You have not done enough research about it.  If you are making a major business decision and have not researched much about it, you might be making the wrong […]

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6 Common Financial Mistakes to Avoid

This article is about the key financial mistakes that can get you in trouble if you don’t avoid them. Let’s see how you can stay away from these mistakes and where you can get a reliable and cheap merchant cash advance to sidestep an economic hardship. Common Financial Mistakes: How to Avoid Them  Wrong money management can cause you a lot of trouble. It’s vital to be able to avoid committing financial mistakes. This is essential for all individuals, including business owners. Successful money management means proper evaluation of your income and expenditure, weighing your financial needs, and spending money […]

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How to Grow Your Small Business in 2022

The year 2021 has transformed businesses across all industries. Are you looking for new opportunities and marketing strategies that can help you improve and expand your business? What about a secure and cheap small business loan? There is more than one way you can use, such as increasing your online presence, to become more successful in 2022. Growth Strategies for 2022 Here are several strategies you can follow this year to make your business more successful. These strategies can help you drive growth and navigate marketing challenges more easily. Grow the Online Presence of Your Business  Today, consumers prefer engaging […]

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5 Clever Ways to Increase Customer Lifetime Value

How can you keep your existing customers coming back to you? This is important as you won’t need to acquire new ones all the time.  There are measures you can apply to increase customers value and drive growth. How to Increase Customers Lifetime Value (CLV) Customer lifetime value shows the total worth a customer brings to a business over the whole period of his/her interaction with that business. Did you know you can measure the customer lifetime value? All you need is to multiply the average order total by the average number of purchases in a year and then multiply […]

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5 Steps To Starting A Small Town Business

Starting a business is overwhelming, to say the least. At the very beginning, the entrepreneur must wear what seems like a countless number of hats. Your list of things seems to be never-ending. It is a constant juggling of what to prioritize and what to shelve until you can afford to get more help.  It is critical to determine early on, what exactly to focus on so that your business can continue moving forward. Every type of business requires a certain type of focus. What if you want to launch a small-town business in your community? What will it take […]

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How To Manage An Auto Repair Mechanic Shop?

The automotive repair industry is growing more competitive and complex by the day. In order to succeed, repair shops need to focus, not only on working within the shop but working on the shop itself.   Currently, the automotive industry is grappling with a severe labor shortage. It is estimated that 624,000 technicians will be needed by the year 2024. This is where shop owners really need to focus on hiring a quality team of technicians that are just as passionate about learning and growing with the industry as repair shop owners do.  What Are The Best Tips For Running A […]

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