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Business Advice Blog Posts

By First American Merchant

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How to Increase Product or Service Prices Without Sending Away Your Customers

Every time you are pricing goods, profit is the one thing that lingers your mind. However, the best you can do for your micro-business is to not only set prices that will ensure profitability but ones that are market competitive. So if you’ve been feeling like you aren’t earning what you’re worth or making adequate revenue, then increasing prices is one way to solve it. On the other hand, keep in mind the present price as well as any future cost increases that may occur in a year, or two. A wrong way to go about it is to up […]

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20 Tools to Run Your Small Business Remotely

Working from home is a trend that’s here to stay. Today, there’s a proliferation of software apps and tools designed to make it easy for small business owners to run their business from home or anywhere. Which tools to choose? How to find best merchant cash advance companies for your business? This article will help you go with the right tools and find a reputable merchant cash advance provider to turn to. Be Present on Social Media Social media engagement is too important these days. LinkedIn and Facebook can help you connect with a community or an online forum virtually. […]

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Top Hidden Costs of Running a Small Business and How to Cope

If there is one truth you can rely on in running a business, it is to expect the unexpected. Unfortunately, many business startups fail to prepare for the very real barriers to growth. If a business is not careful, many of these “hidden” costs can result in delayed profitability or, worst case, shutting down the possibility. Consider the following common unspoken expenses many businesses overlook, so your business can avoid being one of the many new establishments that closes before they hit the 5-year mark. 1.      Permits and Licenses For many business types, it all starts with permits […]

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How to Retain Customers and Keep Them Coming Back

Every business owner knows that it’s more costly to acquire a new customer than retain an existing one. Moreover, returning customers, as a rule, spend more than first-time customers. The role returning customers play in growing your business is undeniable. If you’re interested in how you can retain your customers and get the best payment processing solutions, including an automotive merchant account, just read below. Customer Retention, Automotive Merchant Account, and Business Funding What is a customer retention rate? This is the metric showing how well your company can keep the lifespan of an existing customer over a period of […]

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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. is also a respectable processor that offers exceptional payment processing services, including a bad credit […]

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