Short on cash? Pay your bills later

05/3/2010 | Entrepreneur magazine

Cash-strapped businesses can't simply stop paying their vendors, writes George Cloutier, but it's often possible to negotiate lengthy extensions on the dates your bills come due. Smart business owners can collect money faster and pay slower, boosting the amount of cash they have on hand, Cloutier explains. "Whenever you negotiate additional time to pay, you have created an interest-free permanent loan for yourself," he adds.

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