You are invited to join members of The Executive Connection for their next speaker session, led by Tony Barnes on “To Pay or not to Pay?”

"Early Warning Signs and Stress Testing"

The AFR reported in January, that "business insolvencies rose by 28% over the last quarter of 2023." This alarming statistic points to a significant increase in businesses unable to meet their financial obligations.

"Australian businesses are facing a perfect storm of challenges, and it's imperative they navigate this period with caution." This sentiment is echoed by the Business Council of Australia, which warns of the "most challenging economic environment in decades."

Uncertainty of economic growth; a two or even three speed economy, means business leaders have to balance confidence with an excellent early warning system.

Kevin Higgins, Director at Vantage Performance, will be sharing his perspectives of how business should ensure they are fully prepared.

What you will learn​​​​​​​​​​​​​​

• The Five stages of decline; Early Warning Signs – List of signals; questions to ask.

• Understanding best practice 10 turnaround guiding principles (including stakeholder management, dealing with detractors, tools to enhance confidence, financial management)

• Safe Harbour protection for directors

• Explore turnaround case studies

• Resilience assessment for TEC members on the 50 critical tools, habits, systems and processes that all highly successful businesses have in common

What you will take away

• A Resilience (self) assessment on your business

• A CEO checklist detailing the 50 tools, habits, systems and processes that all highly successful businesses have in common

• Lifetime access to the Vantage Performance Vantage Resilience Index tool so businesses can regularly assess their resilience

About Kevin

Kevin is an Executive Director, Turnaround and Business Improvement Specialist at Vantage Performance.

Kevin commenced his career in the insolvency industry and realised that, with an early intervention approach, most business could be preserved and improved upon with the right strategy, capital and people. He moved into the corporate recovery industry in the late 90s and in 2008 joined Vantage Performance, a national corporate advisory firm that solves critical business challenges.

Kevin has worked on many turnaround assignments, 2 of which have been awarded turnaround of the year by the Turnaround Management Association.

Kevin provides owners with peace of mind, confidence and control by solving their critical business challenges, whether they're looking to solve a critical financial issue, scale their business or raise capital.

During his time at Vantage the business has:

• A 100% success rate in securing more time and support from financiers.

• Completed over 187 successful turnaround engagements, at a success rate of 85%.

• Won the most Turnaround Awards (15)

• A unique system (Fasttrack) for scaling up businesses.

• Achieved a client NPS score of +89 (measured from -100 to +100)

• Preserved over $1B in financier debt.

Kevin is married with three children and just finished a tour of France and Ireland with traditional Irish band, Sasta in which he plays wooden flute and Uilleann Pipes.

TEC members are high-integrity business leaders from a diverse range of industries who meet monthly to support each other and address the challenges of leading in these increasingly uncertain times.

The speaker session is the first part of a monthly all-day meeting and is attended by between 14 and 16 people. During the afternoon, the TEC members continue with their Executive Session. Our speakers are subject experts focused on stimulating active discussion with the group.

Attendance at TEC meetings is for business leaders only and by invitation and subject to space availability. Please click here and register your interest.