Credit Policy for businesses and how to extend credit and manage credit risk

Cut back on extras.

This seems simple, but do you need all the bells and whistles on the phone lines? Do you need all the phone lines that you have for your business? Does everyone in your employ need a company cell phone?

Can you cutback on electricity in the workplace?

How about selling any inventory that is collecting dust on the shelves? Can you have a sale and cut your losses, and get some money for things you have already paid for? 

If you take a look around, there are many things you can cut back on today to start saving money right away.