Small business owners need to watch that business cash needs don’t drain personal resources. Learn to protect your personal finances from your business's cash demands.
Here's how many small business owners respond to business cash shortfalls:
Take these steps:
Separate your business and personal finances.
Pay yourself consistently and create lasting value.
Protect your personal finances.
Source: Truist conducted research with 527 small business owners ranging from $100,000 to $2,000,000 in annual revenue in the first quarter of 2021.