As a business owner, you have no shortage of financial challenges to tackle. But, unfortunately, these financial hurdles are one of the most frequent reasons why small businesses don’t succeed.
“A primary reason why small businesses fail is a lack of funding or working capital,” writes Melissa Horton for Investopedia. “In most instances, a business owner is intimately aware of how much money is needed to keep operations running on a day-to-day basis, including funding payroll; paying fixed and varied overhead expenses, such as rent and utilities; and ensuring that outside vendors are paid on time.”
