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Business Advice Blog Posts

By First American Merchant

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Quotes from Successful Business Owners

Starting and building a business requires ambition, hard work, inspiration, motivation and perseverance. However, it is normal to go through periods of uncertainty and doubt. Are you making the right decisions? Is the business headed in the right direction? Words of successful business owners can inspire you and shed some light on how they tackled business challenges. Whether you need motivation, inspiration, or encouragement, the following top business owner quotes compiled by our team at First American Merchant will help you continue to move in the right direction: Entrepreneurship requires determination and ambition “Your time is limited, so don’t waste […]

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Prepare for Change of Business Ownership

When you are an entrepreneur, you should not only be able to stay ahead of your budget and keep your eye on emerging trends in your industry, but anticipate and be prepared to handle changes. Owners retire, partners pass away, and new stakeholders get added to accommodate growth during business growing pains. Though everyone knows about these transitions, most people are never really prepared for a change of ownership business. The best way to handle this type of change is to prepare and develop a plan. Since a business’ corporate structure and the reason for an ownership change are factors […]

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Running a Successful Boutique Business

Running a profitable boutique business is based on many different components. If you want to succeed in your business, you can’t do without mastering all of them. Steady sales production is the result of being unique and different from among so many competitors in your field. To learn about several important methods that can help your business succeed, just read below. Important Tips for a Successful Boutique Business Do you need some helpful methods to improve your boutique business? That’s great since running a business of this type can be challenging indeed. Remember that you need extremely sharp business acumen […]

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Bookkeeping Tips for Small Business Owners

Are you a small business owner in need of good bookkeeping tips? Which ones to follow? How can your small business keep tight books? No worries! Just read below and you’ll get the necessary information. Bookkeeping Tips and Merchant Services for Businesses Accounting can be a daunting task for many business owners. The good news is that keeping tight books can help businesses avoid tax nightmares. You, as a business owner, should have a system for your business’s finances. Otherwise, lots of things can slip through the cracks, and you’ll end up with unnecessary expenses in the long run. Bookkeeping […]

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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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