How well prepared is your business to withstand any shock? In this episode, Michael Fingland introduces ‘productive paranoia’, a concept that made business author Jim Collins famous. Productive paranoia is the trait of being constantly alert to potential disruptions and challenges that could impact a business.
The relationship with your bank is equally as important as with your clients and suppliers, says Vantage Performance’s Michael Fingland. In this podcast he talks Phil Dobbie through the five steps you should follow to improve your banking relationship:
As the economy struggles, so too are many businesses across the country. Prices are going through the roof and it’s tougher to access funding. Michael Fingland, CEO of Vantage Performance, says if you’re looking for a loan you need to stand out from the crowd. To do that, you need to develop and strategic plan and show the bank that you understand your cashflow and balance sheet.
New safe harbour provisions are set to offer protection for directors who keep a struggling company trading, provided they demonstrate appropriate steps are being taken to restructure the business. Vantage Performance Executive Director Michael Fingland describes it as a game changer, that will save many businesses that might otherwise
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