For SME's keeping an eye on the core business, maintaining a healthy cash position, reducing operating expenses, increasing efficiency and strengthening existing supplier and customer relationships will all go a fair way to help ensure your business weathers today's tough economic climate.

Downturns can also open up opportunities and continues investment during a recession might actually be the smartest move you make.

Here are 10 top tips to position your business to survive and even thrive in the economic downturn.