Ensure that any continued expenditures are a necessity during the COVID-19 emergency. Take this time to re-evaluate, not to make rash decisions:
– Look for areas that can operate with lower costs
– Put money into ordering/creating products that are must-haves for clients
– Limit R&D or new initiative planning
– Avoid dipping into personal expenses for business costs
– Restructure company debts with lenders to temporarily allow for smaller payments
