If a business is in a slow period and does not have any reserve funds, or a line of credit, or personal savings, all that can be done is prioritize the most important bills to be paid first with the cash that is available and make arrangements with the creditors. Letting creditors know you are in a temporary cash crunch shows you are making an effort to pay versus ignoring them. One of the old adages is never spend more than you make-live lean and mean by spending less.... (more)