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This isn't quite accurate, it shows more than 50 percent of US small businesses have less then a month of cash reserves on hand, around 25% only having 13 days.
by mistersys 7y ago
This isn't quite accurate, it shows more than 50 percent of US small businesses have less then a month of cash reserves on hand, around 25% only having 13 days.
- toomuchtodo 7y agoI generalized (“TLDR”), as whether they have 13 days, 30 days, or 45 days matters little. Regardless, few businesses have enough cash reserves to survive this black swan event. When you’re dead, how dead you are isn’t terribly important (the COVID pandemic will drag on for months). Mea culpa for not making that more clear.
- mistersys 7y agoTotally, it's a nitpick. Just makes the summary slightly clearer.