Merchant Advance Blog

Blog Article: From Around The Web: Banking Advice for Expanding Businesses

In our search for interesting and informative content benefiting the diverse community of small business owners, there are occasionally pieces of advice or intriguing stories out there that we can’t help but want to share.

Just one such story comes from Bloomberg Businessweek’s Karen Klein, who has written a guide to¬†banking advice – specifically, for account management aimed at businesses with multiple locations. Such businesses may feel a conflict when it comes time to manage the finances of their branches¬†in different locations – Ms. Klein advocates for a simplistic approach to cash management using a single account with full use of the many specialized services that can be provided to small business owners such as ¬†categorization and codification of merchant terminals, deposits and cheques.

Check out the full article here!

Does your small business have a strategy in place to manage expansion, diversification or other new developments? Think about it! Let us know how you’ve managed transitions in your business: connect using the buttons below and share via Facebook or Twitter.

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