Positive cash flow is the lifeblood of any business. Yet cash flow problems threaten businesses globally. And the causes of cash flow issues vary, from macroeconomic issues (natural disasters, recessions, or social distancing) to issues within your business.
61% of small business owners regularly struggle with cash flow issues, according to the 2019 QuickBooks State of Small Business Cash Flow survey . And as a result of those cash flow issues, 32% of small business owners were unable to pay vendors, loans, themselves, or employees.
Planning for cash flow problems can empower you to cushion—or even avoid—financial blows to your business.