In yesterday’s blog, we quoted a few words from some of our favourite clients who shared their thoughts on the types of attitudes necessary to be successful business people. Not surprisingly, when you are confident in your company and positive about your plans to grow, success is imminent.
But as we mentioned, the recession that hit a couple of years ago made things tough for business owners all over Canada. And although the small business sector has been heralded as a major contributor to the nation’s ability to bounce back, some business owners are still skeptical that things will ever go back to normal.
At Synergy Merchant Services, we are very proud of the fact that our merchant cash advance program has assisted small business owners across Canada to reach levels of success they never before experienced. We spoke to some of these owners earlier this week to get their thoughts on what it took to reach these new heights.
“It was all about planning,” responded one entrepreneur, “When the crisis hit, I knew I had to do something different to stay afloat. Some thought I was crazy, but I took a merchant cash advance to buy as much inventory as I could. My plan was to buy enough stock that I would get an incredible deal from my supplier.”
“After my purchase,” he continued, “I was able to put the merchandise out on sale for discount prices. Because of the low cost I paid, I was still able to turn a profit on these items. I knew that customers would be interested in saving as much money as they could and I knew my prices were hard to beat at the time. It ended up really helping me out.”
As we mentioned yesterday, it really is all about attitude. It may sound cliché but the idea of finding that “silver lining” or looking on the “bright side” is really important in today’s ever-fluctuating economy. A merchant cash advance then, is only as good as the idea and the planning behind what it is used for.
Although you may still be in a position where you are concerned about spending any money on growing your business, know that it also doesn’t benefit your business to not think of ways to expand it. As always, Synergy is here to discuss with you the ways in which you can not only rebound from the recession, but bring your business to never-before-seen levels of success.