Article Summary: Cash Flow a Major Concern for Small Business Owners, New Poll Reveals | Manta

I've pared down this article to its key points.  If you would like to read the entire article, click on the link at the bottom of my summary. Eric Gall

By Brian Lindamood, Manta Content Director - September 16, 2016

Among small business owners who worry about cash flow, three-quarters have missed a sales or business opportunity

Survey Key Takeaways:

• 60% of small business owners worry about inconsistent cash flow. 
• 75% said they missed a sale or business opportunity by not having cash to support the growth.

Top Concerns:

• 48% report seasonal fluctuations as the top cause of cash shortages.
• 29% report slow-paying customers.
• 15% report cash to invest in inventory/supplies before getting paid for a job.

Top Solutions:

• 41% used personal loans; 11% used personal credit cards.
• 24% used invoice financing 
• 18% used short-term business loans. 
• 9% used a business line of credit.

Recommendations:
Keep personal and business finances separate; build your business credit
Invoice financing can speed up receipts.
Lines of credit can bridge short-term needs.

Article LINK

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at Eric@EdisonAvenue.com or 239.738.6227. Also, visit our Edison Avenue website at www.EdisonAvenue.com.