As we navigate these uncertain times, cash management will be paramount for businesses. This article by Business Insider, Half of small businesses only have a large enough cash buffer to allow them to stay in business for 27 days, if they stopped bringing in money, shares the reality that most small businesses will not have the cash to weather this storm.
“Most small businesses in America are potentially less than a month away from going out of business if they stop bringing in money.
A JPMorgan Chase Institute analysis of 597,000 small businesses from February to October 2015 found that half of the companies held a cash buffer large enough to support 27 days of business. Half do not…”
Read the full article.
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