The cost of living is on everyone's mind at the moment - whether it's the ever-increasing cost of fuel, with its knock-on effects on bus fares, holiday prices and food prices for example, or declining house prices and potential interest rate increases - the outlook is not terribly rosy. And as we're all tightening our belts outside of business, so people are looking to do so in business as well. So how can you manage business debt effectively, and at minimum cost and effort? MSN Money has some great advice on how to manage is before it's a problem and for when it's become a problem. Better to confront the issue head on and seek advice, rather than pretend the problem doesn't exist.