Each business day, 5,000 small businesses in the United States declare bankruptcy primarily because of poor cash flow management.

Question

Quizplus · Accepted Answer

While poor cash flow management is a significant reason for small business failures, the specific number of 5,000 small businesses declaring bankruptcy each business day in the United States is not accurate and greatly exaggerated. Bankruptcy filings vary by year and economic conditions, and not all small businesses facing cash flow issues immediately resort to declaring bankruptcy.

Each Business Day, 5,000 Small Businesses in the United States