Small businesses face a number of daily obstacles…

Small businesses face a number of daily obstacles, but financial ones can be the most complicated. Understanding how to prepare for and handle these challenges can be critical to the success or failure of a small business. What are some of the most common small business financial challenges and how can they be alleviated?

This article will walk through the top three small business financial challenges, offering tips to overcome them.

The Top Financial Challenges Small Business Owners Face

Clutch surveyed 302 business owners and managers to determine their biggest financial challenges. The top three pain points were:

  1. Unforeseen expenses: 35% of respondents
  2. Mixing business and personal finances: 23% of respondents
  3. Not receiving payments on time: 21% of respondents

Let’s dive deeper into each of these challenges and how they can be managed.

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