How to survive the COVID recession
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