Warning signs in a recession. CREDITORS: increasing age, checks "in drawer", lack of long-standing relationships, final demands or writs, arrears to Federal and/or State Tax Authorities. So, what can you about these things?
Negotiate longer credit periods, get the right balance without jeopardizing suppliers, know which are key, pay on pre-determined dates, meet regularly with suppliers. Rule of Thumb here: Cash is king. Keep as much of it as you can.