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Cash Management Strategies To Improve The Sustainability Of Small Tavern Businesses, Maren Michelle Haavig
Cash Management Strategies To Improve The Sustainability Of Small Tavern Businesses, Maren Michelle Haavig
Walden Dissertations and Doctoral Studies
The results of small business operations play a significant economic role in developed economies, yet in the United States, approximately 50% of small businesses fail within the first 5 years of operation. Some small business owners embark on small business initiatives without the cash management strategies necessary to sustain their businesses. Grounded on financial literacy theory, this multiple-case study identified the strategies that owners of small businesses used to manage cash in their daily operations. The population included 3 owners of small tavern business in southeast Alaska who have implemented cash management strategies. Data were collected from semistructured interviews, supplementary …