Vantage Performance is such a unique business. They’ve completed more than 170 successful turnaround engagements, saved over 19,000 jobs, have a 100% success rate in securing more time and support from financiers, have won the most National Turnaround Awards of any company (14) and have now launched a unique system for fast-tracking business growth for any business seeking to scale.
Leading this impressive company is Michael Fingland, the calmest guy in the scale-up ecosystem you’ll ever meet.
You’ll love this episode where Michael shares his top tips for companies seeking to scale learned through the 170 turnarounds that he and his team have executed. He shares his perspectives on cashflow management, customer concentration, three-way forecasting, understanding your purpose, one page dashboards, Hedgehogs (from Jim Collins) and more.
In the episode, we talk about:
01:17 – 170 Turnarounds and 85% Success Rate
04:13 – Michael’s Career Path
07:23 – Critical Focus #1: 13-Week Cashflow
10:17 – 30% of Clients Are Out of Cash Because They Grew Too Fast
12:40 – 50% of Businesses that have a Record Year, Collapse the Next Year
17:18 – Never Let One Customer Represent More than 25% of Your Revenue
21:45 – The Difference Between Cash and Profit
23:50 – Why Three-Way Forecasts Are So Valuable
27:53 – Understanding Your Why and Your Purpose
31:13 – Growth for Growth’s Sake
35:04 – Pareto Principles
36:59 – Ideal Customer Profiles
38:29 – The One Page Dashboard
40:09 – The Hedgehog Principle
41:32 – The Commercial Model for Turnarounds
49:30 – Surrounding Yourself with Other CEOs/Founders
54:45 – Self-Care for Founders
56:14 – Acknowledgement
58:25 – How to Follow Michael and Vantage
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YOU CAN CONNECT WITH VANTAGE PERFORMANCE AND MICHAEL VIA:
LinkedIn: https://www.linkedin.com/company/vantage-performance/
Website: www.vantageperformance.com.au
Youtube: https://www.youtube.com/channel/UCIFerLxmqL44N6ClzNnK7nw
Podcast: https://podcasts.apple.com/au/podcast/vantage-performance-podcast/id567930642YOU CAN REACH OUT TO CONNECT WITH SEAN DIRECTLY VIA:
LinkedIn: linkedin.com/in/seansteeleprofile
Website: seansteele.com.au