Reduce rent
Operating your business from home is an option if you predominantly work at client premises, deal with clients predominantly over the phone & internet, or need a small office.
Reducing space usage and relocating to smaller premises will reduce rent costs (where the new premises have a similar cost per metre as the current premises).
If you have unused space, subleasing part of your business premises to a third party is a great short-term strategy to reduce some of your fixed costs.
This strategy involves asking the landlord for a rent reduction.