One of the main failures of small businesses can often be traced to the inability or unwillingness of business owners to separate their business income from their personal income. As a result, the household is often subsidised in its expenses at the cost of the business.
Often this does not happen deliberately, but rather unconsciously. People see stock within a business and assume that it is the owners', instead of seeing it as “belonging” to the business.
There are only two ways to get more money: Use less or earn more
It is also important that businesses prepare for best- and worst-case scenarios in money matters relating to both business and personal situations.
