4. Ability to Teach Others. One of greatest leadership development companies in world has been General Electric. This is because their CEO, Jack Welch, has always emphasized need for current leaders to teach others. He himself spends what others would consider an extraordinary amount of time in classroom teaching. But remember, he is an Extraordinary Leader and he is developing Extraordinary Leaders to follow behind him. Work hard at your teaching techniques, and be sure to use as many situations as possible for opportunity to teach those who would follow.

5. Ability to Inspire Others. You may have a great goal, but if you want to be an Extraordinary Leader, then you will have to put a little oomph under your followers! This is ability to inspire! Work at helping them to see big picture, great end results, and how good it is going to be for them and others. Above all, make it exciting. If it is a good goal, it should be exciting. If it isn’t exciting, then dump it and get a goal that others can get excited about!

6. Factor Your Accounts Receivable. Sometimes known as "invoice discounting," factoring is selling of your invoices (accounts receivable) for cash, instead of waiting 30-60 days to be paid by your customers. Businesses of all sizes use this tool -- which is available through various specialized financial institutions. The funder buys your receivables at a discount -- leaving you with enhanced cash flow. Not all invoices will be appropriate for factoring. The customer must be a low credit risk, there must be evidence of transactions (such as a signed delivery waybill) and customer must verify that debt is owed.

7. Equipment Sale Leasebacks. You can use equipment that you already own to secure financing. By transferring equipment assets onto an equipment lease, you can recover up to 100% of equipment's value. The equipment remains in your own premises and you can continue to use it. You must own equipment free and clear to go this route.

8. Ask Suppliers for Credit. Or, ask them to extend your credit. Another possibility is to discuss loan or consignment shipments from your suppliers.

9. Stop Producing Dated and Low Profit Items. Stick with your core product until sales improve.

10. Cut Back on Stock or Inventory. Ask suppliers to buy back stock at cost. You will have to allow them an administrative fee. Order supplies or inventory on an "as needed" basis. Alternatively, you could contact other small businesses that stock same inventory as you do and discuss possibility of bulk purchasing.