In America, family businesses and small businesses are the backbone of our economy. 50% of all employees in America work in a small business. But small businesses don’t come with small challenges. Today, we’re going to talk about the cashflow implications of having a small business.
According to a recent study, 69% of business owners either lose sleep or have trouble sleeping because of their financial cash flow issues. And that was in 2019, before the pandemic.
Lack of sleep causes stress, and stress has been linked to chronic disease, stroke, heart attack, diabetes, depression, not to mention the stress that’s put on relationships by cashflow being pinched.
On top of this, small business owners are facing the twin challenges of high inflation and high interest rates. In essence, you’re paying more for your employees, you’re paying more for your supplies, and you’re paying more for your money. This is further pinching your cash flow and putting you at a very strong disadvantage.
The question becomes how do you make your cash flow more efficient so that there’s less stress within your entire business and your family? And the amazing thing is most business owners don’t even realize this, but they have the cash flow available. It’s just not being utilized properly, or they may be just looking at things the wrong way.
If you’d like a second perspective and see where we could help make your cash flow more efficient so that you’re able to relieve this financial stress. Check out our website at Tier1Capital.com to schedule your free strategy session today.
And remember, it’s not how much money you make. It’s how much money you keep that really matters.
