Turnaround: The Art of Honesty

If your business is going through a turnaround it is a time for complete transparency. More than ever before.

In this edition of the Vantage Performance podcast, Elizabeth Mawby says that you should be brutally honest when dealing with key stakeholders. That includes creditors, debtors and employees.

Elizabeth explains to Phil Dobbie that, whilst you don’t need to lay all your financial details open for inspection, you do need to convince these stakeholders that there is a plan to get the business out of trouble and that they have a part to play in the process.

 

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