2-in-3 Canadian SMBs Have Had Cash-Flow Issues: Intuit

Intuit Canada has uncovered surprising results over the state of small business cash flow – the lifeblood of any business’ success – in Canada. Cash flow issues are impacting everything from work-life balance, opportunities for growth and their employees, with nearly a third (29 per cent) of SMBs being unable to pay their employees.

Some of the key findings from the study include:

  • Recent Status: More than a third (34 per cent) of Canadian small businesses have experienced cash flow issues in the last 12 months.
  • Up at Night: A vast majority (67 per cent) of small business owners in Canada have been kept up at night by concerns about cash flow, even if their company has never experienced issues with cash flow.
  • Big Losses: On average, small business owners in Canada are losing $28,885 by foregoing a project or sales specifically due to issues created by insufficient cash flow.
  • Not Cashing In: More than 2 in 5 (41 per cent) of Canadian small business owners’ companies have lost $10,000 or more by foregoing a project or sales specifically due to issues created by insufficient cash flow.

You can read more about the findings here.

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