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When you are a small business owner that is Entrepreneurial, you will find that your #finances become challenges as you begin to startup your business; and this is a stage where you need to survive for you to overcome this transition of your Entrepreneur journey.
Your starting option can be as quick as canceling expenses that you no longer need in your business or for your personal life, these expenses could be let say a business service no longer required or a fun activity not important so you sort through the musts and wants; doing this allows you to keep sole what you need versus what you want because the goal is to help you survive so your business ideas continue to grow.
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You will find that sometimes as an Entrepreneur the income you have coming in is not enough to pay for your expenses such as both personal and business bills, when you are faced with this financial challenge the best thing you can do is implement survival strategies to help you manage your money better in the effort to overcome the startup of the business; there are several options you can begin to practice right now to buy you the time needed to get over the hill of more financial difficulty.
One financial technique to survive I personally like is selling any assets you may have that are not required at this stage of your life or business such as furniture or electronics that can bring it some extra cash and in doing so of course pay for your most important bills like internet and gas in your car
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One of your financial survival strategy could easily be extending your bills that allow you to do so and so if you need a thousand now let say for a more important bill like your phone or rent but you able to postpone another bill like your car payment and utilize the grace period then that is an option to buy you more time in the effort to bring it pending income, when required you do have the opportunity to pull out a loan for the business or for yourself if your credit has not been impacted yet which doing so again can buy you time to pay off your bills in the effort to give you more time to overcome this stage of your startup.
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