Owning a restaurant is a balancing act. You must manage food costs, keep customers coming through the doors, monitor employee attitudes and put out excellent food. However, there are 5 things your restaurant might be doing that drives customers away and will ultimately spell doom for your restaurant. Bad Customer Service It doesn’t matter how …
When you first started your new business, things likely were going well. You probably set aside a few months’ worth of expenses, had a plan in place and the community was even excited to have something fresh and new. However, many new business owners start to run into trouble after the fourth month of operations. …
Most people don’t really think about a merchant cash advance until they are desperate for one. Knowing how an MCA works can help you navigate these waters and reduce the stress you’re already under trying to keep cash flowing in your business. What Is an MCA? If you’re looking for insider tips on how …
According to the Small Business Administration, small businesses are so dependent on cash flow that when someone doesn’t pay them on time they either must cut costs (which often harms the growth of their business) or find an alternative source to bring in cash. There are a number of ways how a cash advance frees …
Reports from Statistics Canada show that people are dining out more. Restaurant sales have steadily risen for 16 years straight. In 2010, Canadians spent about 28% of their total budget on dining out. During the holidays, that spending increases for most people. The holidays are a busy time. There are parties to attend, presents to …
As a Canadian business owner, you should always do your homework before agreeing to any sort of financial deal. That’s what Arturo Calderon found out when he realized that his restaurant costs would run over budget. In a great piece by Entrepreneur, Arturo gives a quick recount of his restaurant’s situation and why he chose …
As the rise in popularity and exposure of Merchant Cash Advance solutions grow in Canada, a lot of people have wondered openly, is the cost of the money worth it. Certainly, it is not an inexpensive solution. But let’s take a moment and consider some other alternatives and place a merchant cash advance into perspective, …
Welcome to the very first blog post by True North Capital! Let us introduce ourselves. We are a wholly operated Canadian entity, with an office in Toronto, dedicated to helping Canadian merchants. We work with businesses in Canada by providing cash advances to those that may need some extra funds to invest in their operations, …
Congratulations on running your own business. We know from experience that running a small business is expensive – there’s payroll, inventory, marketing, licensing and more. Without consistent cash flow, these expenses quickly add up and before you know it, your business may be in trouble. That’s where we come in. We help smooth out cash …
