Why directors love safeharbour

Michael Fingland says, building momentum early in a turnaround can make all the difference

In this week's tip I discuss the critical initiative of developing a dedicated stakeholder management plan to ensure you deliver a successful turnaround

In this week's episode Michael Finland provides three tips to help you manage rapid growth and avoid the cash crunch which so often happens.

What does a turnaround advisor actually do? Michael Fingland explains.

In this week’s episode Michael Fingland talks about the top three reasons why directors love Safeharbour. As always, if you found this podcast of value it would be great if you could share it.

Given the substantial amount of debt built up during 2020 there will need to be some creative restructuring undertaken to avoid a potential avalanche of insolvencies. Enter the "Informal Debt Restructure", as part of an overall turnaround strategy.

I would typically advocate that executive teams carry out their strategic planning sessions in January or February at the latest. However, given that 2021 could be such a dynamic year we are calling on all businesses to undertake this exercise pre-Christmas so you have your plan ready to execute as the business landscape unfolds and so you can go into the Christmas break knowing you are ready to go.

The role of a chief restructuring officer maybe the key as to whether your business survives or not over the next 18 months. In this episode I outline the critical role a CRO plays and how you can benefit.

At Vantage performance, we talk regularly about the need for stress testing your business if your business or your industry is facing disruption. there has never been a greater time to undertake this exercise than now to ensure that you have a range of initiatives ready to implement in 2021 should business conditions deteriorate further.

In this episode Michael Fingland outlines which industries we believe will come under most pressure in 2021.