A recent Harvard Business Review advises to do the following three things to help your business in these tough economic times:

Over communicate
Tempting as it may be now is not a time to be invisible. It is important to emphasise the vision for your business and remind everyone what your company excels at. Each employee needs to be armed with two or three key priorities on which to concentrate.

Do the clean sheet of paper exercise
This means take a fresh look at key elements of your business. 'How would you redesign your business if you were starting from scratch? What are your company's core strengths? Do you have the right mission? Do the employees, the tasks, and the organisational structure and culture fit that mission? Where should you be investing today?”
It is important to bring younger people – the future leaders – into the conversation.

Stay calm
Everyone is stressed, so the last thing anyone needs is finger-pointing, assignment of blame or a show of temper. Now is the time to be a good role model.