Facing unexpected budget cuts, how can you prioritize essential expenses to ensure business continuity?

When budget cuts hit unexpectedly, it's crucial to safeguard your business's core functions. To navigate this challenge:

• Assess critical operations: Identify which expenses are vital to maintaining your day-to-day activities.

• Review recurring costs: Eliminate or reduce non-essential subscriptions or services.

• Renegotiate contracts: Talk with vendors to find cost-saving compromises without sacrificing quality.

How have you successfully managed budget cuts? Share your strategies.