Running a cash-only business means you strictly accept cash payments and pay in cash, leaving out a credit card and electronic payments. Although it might seem like a way to cut back on time and eliminate credit card fees, cash businesses can quickly come under IRS scrutiny for underreporting income and taxes.
Have you heard the one about the stereotypical restaurant owner? How he loves the business but hates the business and spends his entire life complaining about how he doesn’t have a life. Even worse, are you that person?