Most businesses know what happened last month. Far fewer know what is likely to happen over the next 13 weeks, six months or twelve months and what they will do about it. That distinction matters.
When a business begins to underperform, the obvious signs tend to appear in the numbers. Revenue slows. Margins contract. Cash becomes constrained. Forecasts are missed. Debt becomes harder to service. But something else is happening at the same time
Real transformation happens when you combine operational excellence with a strong culture and empowered people.
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.
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