Having set up a budget, you should have a clear picture of your expenses in the next few months. Hence when you\u2019re planning out your expenses, you\u2019ll want to focus only on the most essential purchases for your business.<\/p>\n\n\n\n

This means forgetting swish offices and making do with less. Frivolous purchases outside of your business operations are a luxury for another time. By adopting this approach, you\u2019ll be able to free up cash in the most unexpected of areas.<\/p>\n\n\n\n

5. Stretch out your payables<\/strong><\/h3>\n\n\n\n

As an entrepreneur of small business owner, you\u2019ll want to stretch your money for as far as it can go. Thus, when making deals with vendors and suppliers, always try to negotiate for extended credit. Spreading out your payables, you\u2019ll be able to sustain a much healthier level of cash flow for your business.<\/p>\n\n\n\n

Managing a business is no joke and neither is ensuring that you have a steady cash flow. However, with some careful management and discipline, anyone can do it.<\/p>\n\n\n\n

The article is authored by Benjamin Lee.
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