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Make sure you to take the right professional advice for each type of issue you are tackling. Your accountant can be your best friend, so consider allowing him electronic access to your books and records. If you're not already doing so, use software as a service offerings from companies like Netsuite and Freshbooks as a way of ensuring you can do so. Anything that would be capex should be moved to opex. This will lower costs in the longer term and not saddle you with assets that cannot easily be turned to cash. Be optimistic. The dark clouds may be gathering but they will pass in time, at which point you will be fitter and leaner to take advantage of the next upswing.
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