When a business is constantly losing money, or if owners treat the business accounts as their own personal accounts, and there's lots of cash flowing through the accounts (because people chose to finance this with their credit cards, without doing any due diligence), it's a game of musical chairs with more and more chairs being removed with every round.
I have seen business owners that have no clue about accounting, and have seen both sides of the story.
I've seen money losing businesses where the owners constantly paid personal expenses from business accounts (until the business was shuttered - just to open the next business). I have also seen profitable businesses that simply didn't know how to manage cash-flow. A review of their books and business practices, with some education, saved lots of money on bank fees and interest payments, and put the business finances into better perspective for the owner.