Negotiate with vendors

Business Strategy

To prevent future fiscal headaches, talk to your vendors about extending due dates on accounts payable or try negotiating longer payment terms. If you speak with vendors up front and are reasonable about the time you request to make your payments, your chances of getting a longer billing cycle will likely go up.But remember: Your vendors are also in business and they, like you, want to get paid on time. One of the most important lessons to learn about cash flow management is that being both a good customer and a good vendor pays dividends in the long run.