Three Problems That Can Make Or Break A Small Business

08/30/2016 03:19 am ET Updated Aug 30, 2016

With location so important to a small business, entrepreneurs look far and wide for a nice piece of real estate, only to find pricing exceeds their budget. Before they know it, business owners need more cash than expected. And, with everything else they have to do, no one ever explained daily financial operations.

Opening a gift shop, book store, restaurant and bar, or hair salon, business owners will face at least three problems that can make or break a small business: realty loans, ready capital, and financial systems.

  1. When it comes to real estate

New business owners may have a passion and energy, but they probably don’t know real estate. They need a third party advisor to analyze what the owners can afford, how they can put together the most beneficial loan package, and what equity options they can build, use, and exploit:

Borrowing is scary under normal circumstances, but it’s a real burden when you are juggling all the obligations of owning a business. A qualified experienced expert can reduce that hurdle.

  1. When it comes to capital

New business owners are invariably surprised by the money they need. They grossly underestimate what the startup process costs, and that alone can crush the spirit. Regardless of the surprise and fear, there are sources to help fill the unpredictable gaps.

Forbes points out the risks in do-it-yourself, crowdfunding, angel investors, and “friends, family, and fools.” But, there are workable options:

  1. When it comes to financial systems

Most entrepreneurs have bigger pulls on their energy than handling daily business transactions. Still, they have to process money, including payments, taxes, payroll, and the like.

Maverick Bankcard form small business relationships as a control central for financial transactions with software and hardware for point-of-sale, credit card processing, accounting systems, check processing, and fraud prevention.

With special disciplines serving restaurants, gas stations, retail stores, and hospitality, they understand needs for business funding and merchant cash advance. Custom client relationships also facilitate transactions for e-commerce, mail-order, and non-profit operations.

So, in the face of problems that can make or break a small business: realty loans, ready capital, and financial systems, you can find all you need in terms of experience, specialization, and support. Florist, Bed & Breakfast, Wine Store, and more, they all find the sort of help that relieves them to reduce their worries and build their business.

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