Stumbled on a stat about failed businesses that caught me off guard
I was reading some old trade journal from 2019 my dad left on the coffee table, and I saw this stat that said nearly 60% of small businesses that fail do so because of cash flow problems, not because the idea was bad. That hit me hard because when I lost my landscaping company back in 2017, I kept thinking the concept was broken. Turns out I just couldn't manage the timing between paying my crew and getting paid by clients. I remember one job for a big house in Oak Park where I had to front $800 for materials and waited almost 90 days to get reimbursed. That single contract basically sunk me. Where do you find stuff like that? Has anyone else dug up data that made them rethink their own failure?