Facing a cash crunch as an entrepreneur is a tricky thing. When the business has run into a financial wall, there are still certain expenses that must get paid, otherwise, trouble will be brewing. Certainly, office rent and equipment that’s paid for monthly are the things that immediately come to mind but keeping the lights on and the phone lines operational along with the internet facility aren’t far behind either.
Hitting a cash crunch is a dire situation for a business. Many people spring into action way too late in the day when they realize that their business is in trouble. Let’s look at what you can do to prevent the situation, and should it arise, what options do you have?