Despite the pandemic, the cannabis industry is one of the fastest-growing industries in the US and the world. As local, national, and international regulations begin to ease, the industry is expected to boom over the years. Because of this, businesses in and around the cannabis space are popping up across the United States.
As more businesses create a digital presence, the ability to process credit cards and online payments has become standard operating procedures. Beyond the weekly and monthly expenses business executives deal with, merchant fees are a nightmare. If you are not conversant with the financial jargon, statements, rates, and charges, you could be at a loss as to what the best is for your business. This is often where merchant aggregators become a part of the conversation.
Your first question is most likely, “How can I possibly grow my business using monthly credit card processing fees that eat into my profit?” The answer is simple… by eliminating them.
New technologies can save you money in ways you may not have thought possible. Here are eight items that you can easily toss out the window to cut costs without compromising on quality.
If you are a business owner, you are likely feeling the effects right now of the COVID-19-induced economic downturn and looking for creative ways to reduce overhead costs. Learn more.
Businesses can save on Black Friday and Cyber Monday, provided they strategize about what they want to buy and when. View a game plan here.
Hiring an expense consultant can help improve your company’s bottom line, but you likely have questions about the process. Learn about hiring one here.
Business owners can save money on monthly expenses by implementing a cash discount program. Learn more about how it works here.
The cost of metered parking has gone up significantly in recent years as an unintended consequence to financial regulation. Find out what your business can do about it.