Ask for advice

You are probably not Superman or Superwoman. This may also be the first time you have had to cope with such an economic situation.

Read widely and don’t be afraid to ask for help. There is plenty of good advice around if you look. Good sources of advice include professionals such as part time finance directors, bank managers, accountants and lawyers, business organisations such as the Institute of Directors or local chambers of commerce plus various SME business magazines, websites and  blogs. Sometimes it is free but don’t be afraid to pay for good advice and assistance if you need it - it could be the difference between success and failure.

Just be sure of who you take advice from.