In this week’s Vantage Performance podcast Michael Fingland says that typically only 5-10% of businesses will be planning ahead for an economic downturn. Those that do could easily come out on top when the economy recovers, simply by following a few simple rules on streamlining your business for maximum efficiency.Michael talks to Phil Dobbie about the five steps you should take to secure your business:1. Repositioning your brand2. Diversifying your customer base3. Paying down debts4. Selling surplus or non-core assets5. Having a plan B.Companies that follow this approach will be surprised by the positive impact it can have on the team culture, offering employees greater peace of mind at a time when other businesses are struggling.YouTube: https://www.youtube.com/c/MichaelFinglandLinkedin: http://linkedin.com/in/michael-fingland-34a09b3Website: https://www.vantageperformance.com.au/See omnystudio.com/listener for privacy information.

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