Module 2 – Finance – Brendan Binchy, Business and Finance Consultant
Brendan has over three decades experience as a business transition consultant, developing strategies to see businesses through times of major change. In good times that’s fuelling growth in privately owned enterprises – but in bad times its managing and resetting business models as he has done over three economic downturns. He possesses of a unique range of practical ‘down to earth’ business skills that pivot around his core expertise in strategic finance, but that also encompasses the functional areas of operations, sales & marketing, people and systems. As a recognised thought leader in advising SME’s he delivers the finance pillar on the GO Global 4 Growth strategy programme with DCU Business School and Enterprise Ireland. He has served on numerous boards including Voxpro (former Chairman), Windmill Lane Pictures & Twi (current Chairman), in addition he holds multiple advisory positions, across a diverse range of industries.
Business owners and managers have probably never faced such a period of change as we are currently seeing. Change Carries great risk, but where there is a risk there is opportunity.
There are three principal areas that management must focus on to survive and prosper in this period of change:
- Your Valuable Formula – re-assess the competitive element that generates profit and sustainable success for the business
- Modify Operations – change the way the business works to adapt quickly to the changed environment
- Managing for Cash – establish the absoloute priority of cash over profit and investment whilst the storm is blowing
These are inter-related and ignoring any one of them will be detrimental to the long-term success of the business
Module 3 – Creative Thinking – Fergal Brophy
Fergal is Entrepreneurial Specislist at UCD Innovation Academy. His focus is on providing advice, facilitating and mentoring Innovation & Creativity for Corporates, SMEs, Public Sector and Social Enterprises. He passionately shares his experiences, hosts engaging fireside chats, facilitates high energy thought-provoking problem-solving challenges with great learning outcomes and fosters remote networks that endure using bespoke socialisers.
Fergal designed and delivered an on-demand problem-solving module for distributed students on UCD Masters programmes and has facilitated live online innovation programmes for distributed staff at Enterprise Ireland, ESB, PwC and BDO as well as Exec Ed-type students at UCD Innovation Academy. Fergal has supported in-person innovation initiatives at ESB, MetLife, Roche Pharma, Primark, Adobe, Amdocs, DFAT, DPER, NTMA, Chambers Ireland and many SMEs.
Fergal co-founded the fintech Open Financial Services in 1999, which was scaled and sold to GreatWest LifeCo in 2014. You can find out more about his work at www.fergalbrophy.com