10 Thing on how to handle during this recession time:-

• Focus on collection and not sales
• Buy inventory on consignment even if it cost more.
• Pay employees on-time because employees will work harder
• Reduce entertainment expenses with customers
• Help customer to reduce cost of ownership
• Get higher payment term with vendor even if it cost more
• If you are in service industries focus on turn around time
• Don’t hire any consultant ask your employees for better ideas
• Focus on tax planning to free up cash flow
• Lastly be the first to buy when things start improving