The contention is EVERY small business owner is on the edge financially and operate day to day in fear and have cash flow problems. I call BS on that. Some are, some aren't.
It’s kind of muddleheaded thinking to conflate net worth with liquidity.
The business may have a net worth a lot but it’s all tied up in inventory, equipment, buildings, credit, vehicles etc.
My dad owned a pretty successful business that employed about 100 men. When times got tough, guess who took the first pay cut. I was a kid but from what I remember, it was a very significant pay cut, like 50% or something like that. But the company stayed afloat and most employees stayed employed.
We were not rich by any means.