During times of crisis and economic contraction, many businesses easily fall into reactive or protective mode. As negative news piles on, it is easy to get stuck into an ever-shrinking corner where your business options seem less and less viable. Making split-minute decisions under duress is never the best option available.
And if you decide to only concentrate on determining whether or not your cash-flow or balance sheet solvent, you could easily find yourself being painted into that corner. Deciding, for example, who to 'let go' and/or which supplier contracts not to renew.