Solomon says. Businesses like restaurants with low profit margins are particularly at risk of running through their cash buffers, since any interruption to their revenue can put them in danger of closing. Massachusetts restaurants and retailers had a 50 percent drop in revenue between Jan. 26 and Feb. 22,
cheap pandora bracelets for sale, 2015, as massive snowstorms hit the state, according to Boston University researchers. Hidden Boston,
cheap pandora earrings, a website that tracks restaurant openings and closings, counted 20 restaurants that shut down in the metropolitan area in March 2015, compared to 11 a year earlier and five in March 2013. When JPMorgan Chase & Co. studied 597,000 of its small business customers last year, it found their cash flow was lower than expected. Half the businesses had cash reserves that would last just 27 days. Restaurants had the smallest buffer, 16 days,
cheap pandora rings for sale, while repair and maintenance businesses had 18 and retailers had 19. Personal service providers like hairdressers and dry cleaners had 21. The biggest buffer, 47 days, was held by real estate companies. The median small company had an average daily cash balance of $12,100,
cheap pandora bracelets, and personal service providers averaged just $5,300. "The typical small business has a low margin of error in the face of economic headwinds and shocks,
cheap pandora rings for sale," JPMorgan Chase said. Romis says his cash flow has improved as the company has grown,
cheap pandora jewelry, and he now aims to have a two-month cash buffer. If business slows, he's willing to take on smaller projects
