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High overhead expenses can strain a firm’s cash supply to the breaking point. Business owners can trim their overheard costs in a number of ways:
Lease instead of buy. Automobiles, computers, equipment and other assets can be leased and will help you to avoid large capital outlays frequently regarded as down payment.
Avoid nonessential outlays. Ostentatious office equipment and flashy company cars can be forgone to make efficient use of the company’s cash.
Control employee advances and loans. Only grant advances and loans that are necessary, keeping records on payments and balances.
Establish an internal security and control system. This helps to avoid problems such as employee theft.