10 Ways to Protect Cash

1. Renegotiate every monthly expense you have from rent to cell phone bills.
2. Manage your receivables like your life depends on it.
3. Offer discounts for faster payment from your customers.
4. Cut your variable costs by at least 10%; there’s still more to reduce.
5. Refinance all bank related loans for a lower rate and longer terms.
6. Make all purchases via credit card (even vendors) to gain 30 days of float.
7. Make sure you pay off all credit cards monthly to avoid penalties and high interest.
8. Try to work out a settlement with some of your creditors.
9. Travel less; teleconference more for the duration.
10. Use contingent workers in more positions than ever.