This week, Andrew Pownall hosted our first boardroom breakfast event in Parramatta for finance executives, alongside Sean Khan. Thank you to everyone who attended! We had an excellent discussion covering a range of topics.
Here are our key takeaways:
- Business remains challenging, however, the consensus around the table was that this is industry specific. This is also what I am currently experiencing.
- The group felt that pressure for cost reduction will remain high across many businesses as long as interest rates remain high.
- Listed businesses are facing the tough choice on delivering short term shareholder value vs investing for growth. It is challenging to activate organic demand that is sustainable in the current environment.
- There is strong evidence that many SME's, particularly those that are privately held, are investing in growth. I have worked with a number of SME's in the last 12-18 months were this is the case.
- Investing in technology and automation must be a priority for every business. It is very costly to get it wrong. The challenge can often be finding the most efficient and cost effective platform.
- Don't thrust new technology on people. It is important to empower people as well as educate them.
If you would like to join one of our upcoming boardroom events, feel free to reach out to Andrew Pownall.
#FinanceExecutives #BusinessChallenges #BusinessLeadership #FinanceNetworking #MoirGroupEvents
IAB Honorary Ambassador, lecturer at Stanmore College and Zatkhon Accountancy Training Ltd.
2moPerfectly said, the Ukraine and Russia war does have a great effect globally.