You are no longer working for someone else. No more expensive two hour lunches. No more time killing games in your cubicle. This time it’s your money so you need to be cheap.

1. Never Pay Cash: Regardless of what you buy, try to get 45 to 60 day terms to pay for it. If you can’t accomplish this, then pay with a credit card right after your statement comes every month. This will at least give you 30 days to pay for your purchase. Better yet: After getting 45 to 60 days to pay, see if you can pay then with a credit card- that will give you a 30 day bonus!
   

2. Hire No Employee Before Their Time: Try to keep all of your people resources variable and available. Don’t hire company employees, but use independent contractors (pay attention to the rules around using them). Better yet: Do not stock inventory. Have orders drop shipped to your customers.
   

3. Stay Virtual. Don’t grow yourself broke by increasing your fixed overhead costs for your business. Unless you are a retail store, try to put off committing to expenses like rent, furniture, and phone systems. Work out of your home or favorite local coffee place that has free Wi-Fi service. Better yet: Go visit your customers. You are more likely to make a sale by building a personal relationship with them.