Prioritize Your Bill.

You need to review all your bills and prioritize them like this:

A, pay immediately, otherwise shut down.

These bills include office expenses, telephone charges and network charges.

B, critical expenses (such as rent).

Contact them and make use of your negotiating skills to make concessions to you.

In the face of cash flow crisis, it is easy to think that certain things (like rental fees) are not negotiable.

Don't think so.

Everything can be renegotiated.

C, do not pay at the moment (such as the seller's money, printing fees and bonuses, etc.).

When the two categories of B and C bills exceed the scheduled payment period of 30 days, you need to contact the relevant people and explain to them that some cash flow problems have been caused by some key customers' dishonesty.

The important thing is that you must contact them before they make a phone call to complain.

If you can't get in touch with them before calling, you have to explain to them.

You must stand firm in this matter.

Resist all temptations, refuse to pay the goods to the already angry sellers, and refuse to pay the small bills that you want to pay because you can afford them.

You have to postpone paying these bills so that you can accumulate the necessary capital flow.

Do not agree with any request for additional interest on deferred payment. If the seller wants to impose penalties on you, tell them forcefully that doing so will only lead you to deeper difficulties, and you can not agree with them.

Larger creditors may ask you to sign a personal loan guarantee because of the delay in the repayment period. You can never do that.

It is unreasonable to pay dividends without profit.

You can still take it normally.

Or reimbursement for travel expenses, but you can't take it.

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You must delay the loss of cash.

Of course, other shareholders and investors should do the same.

If you have financial backing, go to them now and explain to them the problems you have encountered, especially in detail about the actions you will take to solve the problem.

Tell them you don't want to spend the money, but you need to know if you can get the money if you need it.

Efforts from

Get some kind of credit limit, and it can be used when needed.

Don't sign any personal guarantees.

There is a common saying about sailing: "sailors must never see fear in the eyes of the captain."

Now is the time to show your leadership skills and talents.

Don't show your anxiety even for your closest employees.

Let them know that you have problems, and you know how to deal with them.

You are taking some difficult measures at the moment, but everything will be fine.

Remember that anxiety does not solve any problem.

Focus on solving problems rather than problems.