[billyboy15]

I come from a family of self employed business people. One of the first things I was taught before entering into my business is to make sure there are ample cash reserves to sit out a downturn or other unforeseen situations. I thought six months to cover all expenses including rent, utilities, salaries (mine included) insurance, etc. would suffice and it did. I also had a line of credit available at my local bank but very seldom ever used it.

The number one cause of business failures is lack of cash.

[Kaslin]

Yea, but you are not in Politics, especially in DC. That’s the difference.

[precisionshootist]

“ One of the first things I was taught before entering into my business is to make sure there are ample cash reserves to sit out a downturn or other unforeseen situations.”

A downturn or unforeseen expense is something that can be planned for but no business can realistically plan to be shut down completely for an indefinite time period, none.

[bgill]

Very wise.

[gogeo]

The number one cause of business failures is lack of cash.

That is simple and true.