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.

Vantage Performance – https://vantageperformance.com.au/

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Vantage Performance’s own research has shown that the vast majority of company directors still don’t know about the Safe Harbour regime. Michael Fingland tells Phil Dobbie he is disappointed in the findings, particularly during a pandemic when many businesses are struggling to survive. In this edition of the Vantage Performance podcast he explains why struggling businesses need to have a robust Safe Habour plan, and the key elements that plan includes.

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The COVID crisis has tested the staying power of many business leaders. In today’s Vantage Performance Podcast Michael Fingland takes Phil Dobbie through the traits of resilient leaders, who can consistently deliver results, carrying their team with them. Listen in to pick up tips about what makes great leaders deal with a crisis, from how they communicate, through to looking after the welfare of their teams. Plus, what’s the latest must-have in the Fingland household!

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COVID19 is likely to result in a 1 in 100 year recession – so what does that mean for your business? In this edition of the Vantage Performance podcast Michael Fingland goes through the seven principles that will help your business to survive and come out stronger than before.
The seven principles discussed are:
1. A 100 day stabilisation plan
2. One or two big changes in strategy
3. Stakeholder management and communication
4. What is your why?
5. Pay down debt
6. Strong financial management
7. Maintain a focus on marketing and R&D

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

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Businesses should be seeing the COVID-19 crisis as an opportunity. It’s a time to refocus, says Vantage Performance’s Michael Fingland. In this podcast he tells Phil Dobbie that now is the time to think of the one or two big changes to your strategy that will make your company more resilient and ready to grow as the economy picks up. It means you will have a stronger company. But you also don’t have much choice – banks and investors will be picking winners as the impact of the virus hits home. Funding will be available for realistic business turnarounds, not for bailouts that might simply extend the demise of a business that’s on its way down.

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

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Right now, the Australia economy faces the same challenges as a business struggling to survive. Michael Fingland tells Phil Dobbie that we need to treat the country in the same way as we would a business, with a turnaround strategy that will rebuild a vibrant economy. The opportunity is to return to a new normal that is more prosperous and resilient than life before the virus. In this podcast he outlines the three elements of a turnaround plan and says we should be kick starting a 100 days of planning, to determine a policy with bipartisan support, backed by politicians, businesses, and the broader community. Can we build a stronger Australia following the principles we’d apply to a business turnaround?

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

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Monday 6th April 2020

In these uncertain times it is vital that managers keep their stress levels under control, for two reasons. First, it’ll stop you getting sick. Secondly, your staff will be looking to you to show that you have the situation under control, so they can manage their stress levels. In this podcast Vantage Performance’s Michael Fingland talks Phil Dobbie through his simple three-point plan. And explains the daily routine he follows to keep stress under control.

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

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Many businesses are facing a severe reduction in revenue, without the cashflow and working capital to see through what could be several months of shutdown. In this, the first of several special Vantage Performance podcasts, Michael Fingland urges business owners not to give-up, because there are options to ‘put on ice’ various expenses and other aspects of your operations, including delaying rent and tax payments. Today he talks through the steps you can make to bounce back quickly once this difficult period is over.

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

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Businesses often fail because they lose their way. The original vision gets lost as the company grows over time, or perhaps its less relevant today and hasn’t been subject to regular review. In this edition of The Vantage Performance Podcast Michael Fingland tells Phil Dobbie the number one question his company uses to direct the business. From that spring a series of other questions that are constantly asked by all staff to ensure the team stays on track. Listen in to the questions they ask and how to develop the same approach in your business.

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

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Over the years, Vantage Performance has developed a set of questions they always ask themselves at the start of a new Turnaround Project. Vantage Performance CEO Michael Fingland talks Phil Dobbie through all seven, explaining their importance in determining how to proceed:
1. What are the 1-2 big changes needed?
2. Can we stabilise cash flow for at least 100 days?
3. How many key issues are inside versus outside of their control?
4. Are there any management gaps?
5. Are management up to the challenge energy wise?
6. Have we got the right people in the management team for a turnaround phase?
7. Where are they on the 5 stages of decline?
Listen to Michael explain the context of each of these questions in this edition of the Vantage Performance Podcast.

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

See omnystudio.com/listener for privacy information.