Small businesses face numerous challenges in managing cash flow, covering unexpected expenses, reporting finances, filing taxes, upholding current laws, and regulating payroll. Managing cash flow is crucial for financial growth, as 82% of businesses fail due to cash flow problems. To stay on top of cash flow, analyze bills, chase payments, cut costs, and consider selling equipment. Covering unexpected expenses is essential, as even small expenses can cause significant changes to the bottom line. Financial reporting, tax filing, and upholding laws can be challenging, but outsourcing work with a bookkeeper, accountant, or qualified CPA can help ensure accurate documentation, reduce bills, and maintain compliance. Regulating payroll can be challenging, as incorrect classification of new employees can lead to costly penalties. Other factors include tax filing, employee pay, time off tracking, and compliance issues.