Editor's note:"The First 90 Days" is a series about how to make 2016 a year of breakout growth for your business. Let us know how you're making the first 90 days count by joining the conversation on social media with the hashtag #Inc90Days.?

2016 has started off with a major stock market meltdown. The S&P 500 Information Technology Index--that includes companies like Apple and Facebook--is down 15% from its recent high.

And that drop in stocks is making capital providers very nervous. A case in point is the data storage industry -- many venture-backed startups there are being told to cut their burn rate and find a path to profitability.

And that could make things more difficult for your business -- especially if it need outside capital to keep going.

Here are seven ways to protect your business when the market gets rocky.

1. Don't panic

The first thing you should do as a leader is vent your fears away from your employees and then ask yourself some questions. Where are our profits coming from? Which customers are buying the most from us and why? How can we invest so those customers and others like them will keep buying or buy more?

If you have solid answers to these questions, you will be in a great position to think about which parts of your company must be protected and which parts you should sever in order to extend its survival.

One company used the capital freeze to swap less productive sales people for ones who generated more revenues and to expand into a country where demand growth was highest.

2. Monitor your cash burn rate

It's worth mentioning that when capital is not heading your way soon, you need to keep a much tighter control of your cash burn rate.

To do that, add up all the cash you have in your company's bank and short-term money market accounts and divide that amount by how much cash goes out of your accounts each month.

This ratio will give you the number of months' worth of cash remaining before you have to shut down.

And once you see that number, you will probably need to get working on ways to lower your burn rate.

3. Manage out the people who are not producing your profits

Start the process of reducing your burn rate by examining the monthly pay of your employees. If you know who is producing your profits, the other employees are candidates to be managed out of the company.

Before you do that, consider how you will have to change the way your company works once those individuals are off the payroll.

If you can make the company run more effectively without those people while lowering its burn rate significantly, then you should manage them out.

4. Tell your banker about your cash collections

If your company borrowed from a bank, you ought to update your banker about how things are changing with your company's cash flow.

The moves you take to lower your monthly burn rate should boost the odds that you will be able to make your principal and interest payments.

And you should give your banker a best-efforts forecast of how your cash flows are likely to evolve over the next year or two in light of your estimates of cash collections from customers and payouts to your employees and suppliers.

By taking the initiative to communicate with your bankers, you can avoid any surprises that might make your banker nervous.

5. Give your customers a reason to pay their bills faster

Another thing you ought to do to improve your company's cash flow is to ask your customers to pay their bills more quickly.

OF course, asking nicely might be unproductive. In that case, you could consider offering them a discount if they agree to pay their bills in 15 days instead of the customary 30 days.

Just make sure that the discount is not so big that it costs more than the benefit of collecting your cash more quickly.

6. Ask your suppliers if they'd accept later payment

Conversely, you ought to explore whether your suppliers might be willing to extend the time you have to pay your bills.

This could be a harder sell -- but if you have some suppliers that are particularly dependent on your company for their business, you may be able to convince them to extend your payment terms from say 30 to 40 days.

7. Delay employee bonuses

If you've exhausted these other possibilities and you still lack a comfortable cash cushion, explain the situation to the employees who are bringing in your profits.

Tell them that you value their contribution and you need them more than ever. Then ask them if they would be willing to help the company survive the venture capital winter by waiting a few months for their bonus.

If you have fulfilled your commitments to employees, suppliers, and customers up until this crunch point, they will more than likely help your company survive when the market gets rocky.