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Top merchant money tips for 2022

by John Saunders
18th Jul 22 9:51 am

Running a small business can be difficult, especially this year with the price of goods and services rising more each day, but by planning and keeping on top of your business’s finances, you can give your company the best chance at success. For tips on everything from budgeting and setting goals, to financial help like merchant cash advances and small business loans, read on to find out more about managing your money in 2022.

Create a budget

A budget is one of the most important factors to implement when running a business in 2022. Understanding your income and your outgoings allows you to project your costs, which is essential when it comes to making financial decisions within your company. Creating and sticking to a budget ensures that you’re not overspending in areas that you don’t need to. It can help you to make sensible financial decisions and can help you to identify any cutbacks that you could make to save. You should review your income and outgoings along with your savings and repayments each year, so you can adapt your budget in line with your cash flow.

Prioritise savings

Having a pot of savings set to one side for your business to use is crucial. You can use your savings as a tool for your business – if you find yourself with an emergency expense, like equipment that needs repaired or premises that need to be fixed, your savings make sure that you can manage challenging times, with as little impact on the way your business operates as possible.

You should build savings into your budget as a non-negotiable, and this way, you won’t even realise it’s gone. If you haven’t managed to build up any savings for your business yet, creating a direct debit from your business account to a savings account can be helpful so you don’t have to think about It – it doesn’t matter how much or how little you save, it will all mount up over time.

Cash flow strategy

Once you’ve looked at your budget and your savings, you should develop a cash flow strategy. You can do this by looking at some of the patterns you’re seeing in sales over the months and years. It is a good way of working out when you should be saving or not spending as much on business costs, through a quieter time in the business, or when you may have to buy more stock due to an influx of purchases, as retail businesses may have to over the festive period. A cash flow strategy means you can maintain healthy cash flow and create a reserve that could be helpful in testing times.

Evaluate finance options

There will come a time when a lot of business owners will need to seek financial help, whether that’s to help them grow, or as an extra injection of cash when they need it most. There are various finance options that you can choose if you think your business would benefit, and you must choose the best option for you. A few of the finance options that may be useful include:

  • Small Business Loans: These loans are specifically used to help small businesses get off the ground. They can be used to give your new business a boost, and to help you achieve your goals.
  • Bank Loans: You can borrow a large sum of cash from your bank to help with the running of your business – if you’re looking to move into new premises or hire new staff. Bank loans tend to be only approved for businesses that have been operating for over 2 years but taking the time to apply means access to the number of funds you may need for success.
  • Equipment loans: These loans are specifically used for businesses that use expensive equipment, so they can lease or buy a piece of equipment to run their business successfully, without having a lump sum of cash to spend.
  • Merchant cash advances: These are an alternative way of financing your business – not technically a loan, a business can receive funds from a lender that will then be repaid throughthe profits a business makes. They can give you access to cash quickly and are accessible for most businesses.

If you think that funding options would help your business to succeed, you should choose a lender and an option that is most suited to you. This means you can reap the benefits of a cash boost, but also still be able to make repayments.


With your business finances, you should have goals to work towards. Setting out what you hope to achieve means you can set a clear path to follow to help you get there, whether that’s by choosing to utilise the financial help on offer to you or setting your business a savings goal to give you more stability as you work towards success. Setting yourself a target will help you to stay on track, so you can watch your business excel.

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