When starting or thinking of starting your own business, the idea of competing with big companies as a small business owner can seem overwhelming. In fact, many assume that small businesses operate at an extreme disadvantage when competing with big companies. Big companies have it all…or do they?
Yes, it is true that big companies have large budgets that allow them to advertise on a large scale. They can do things much faster and can offer their products/services at a much lower cost. A cost that small business cannot match.
After hearing all of this, you might be wondering how it is even possible for a small business to compete with such overwhelming odds. Believe it or not, your small business can not only compete with a big business, but you can also succeed at it.
A business can get too big, making it difficult for the business to stay connected to its customers. The advantage here for small businesses is that it is easier for them to keep the customer’s experience personable. Showing people that your business cares about their wishes, concerns, needs and interests creates a connection with the customer – something many big companies miss out on and/or neglect.
The tools that are available to businesses these days also makes the ability to compete successfully a little bit easier. Online tools and resources make it affordable for small companies to be productive while also being more cost-effective.
People. People like dealing with other people. Instead of trying to compete with big companies by also looking “big”, show your customers that you are proud of being able to put a personal touch on their experience with you. Offer them a unique experience that a big company can’t replicate.
When starting your own business, you will face many obstacles. Not only will you need to be able to compete with bigger, established companies, but you will also need to obtain funding. With First American Merchant Funding, your business can obtain a merchant cash advance that will help get you started.
First American Merchant Funding offers business owners solutions when traditional financial systems won’t. The application process is simple, fast and hassle-free. Once your application has been completed, you can receive your funds as quickly as 72 hours from the time of approval.
Don’t let questions of competition and funding keep you from your goals. Apply today!