Review your Accounts Receivable sub ledger...who owes your business money. Are they paying on time? You may want to review and update your credit policy. Can you afford to offer the same credit terms to clients?

Is it possible to offer a one time special to your customers, with the stipulation that it is a C.O.D. offering. If you have a store, now is the time to look at your slow moving inventory items, have a sale and move those items out the doors. You will generate cash flow, and you will reduce the cost of carrying a slow moving inventory item.

Do you have the money to pay your next two to three months operating costs? If not, where will you get it from? Are your accounts with your suppliers current? If yes, can you reduce your purchases for the next few weeks to lower the level of inventories and to reduce the amount that will be due for payment.

If they are not current, will your suppliers still ship to you for the short term and beyond? Sometimes talking to them and explaining what you can do takes the pressure off and buys you time.

Look at your expenses and take measures to reduce them. For example, do you need all the lights on in your store or office all day everyday? Can you remove some of the lightbulbs to reduce the electricial bill. Look at your habits, is there a way to reduce water useage and consequently reduce your bill?

This is the time to review every aspect of your business operation. If you are driving to and from a customer's site, can you reduce the number of trips or can you at least combine other errands in the same area and make one trip suffice?

Is your vehicle working efficiently? Check the air pressure in the tires, incorrect air pressure can cause your vehicle to burn more gas. Driving faster than 60 miles an hour will burn more gas. Set the cruise control and let other vehicles pass you.