Retail sales have plummeted, indicating a challenging economic climate for businesses, says Michael Fingland, CEO of Vantage Performance. Working capital management is crucial during tough times, with a focus on debtors, inventory, and creditor management. AI tools can significantly enhance productivity and provide a competitive edge for businesses, and so it’s important to stay updated on AI applications and consider setting up an internal AI team. Strategic planning at the start of the year, he says, is essential to identify critical issues and develop initiatives to address them. Vantage Performance – https://vantageperformance.com.au/See omnystudio.com/listener for privacy information.

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