Our study for one-stop money management solution for small businesses, Wave, was recently released. This online survey of 1,202 U.S. small business owners was conducted in March of 2021, and focused on their financial readiness. One alarming statistic we found was that almost half (48%) of respondents said they would be unable to pivot to additional revenue streams in the wake of a financial crisis. The co-founder and CEO of Wave, Kirk Simpson, had this to say “As we embark on another uncertain year, it is more crucial than ever for small business owners to stay prepared through a focus on increased cash flow and a better understanding of how to handle their money. Our survey highlights the new challenges that are top of mind for business owners, but also shows the new opportunities for success as we emerge from the pandemic. With the proper money management tools and financial habits in place to help prepare for business emergencies, small business owners can set themselves up for success and handle anything that comes their way in 2022.”

Read the full article on Globe Newswire or Digital Journal.

Author Notes:

Logan Mine

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