Michael Shang

← Frameworks

Framework

Growth vs Financeability

When ambition outpaces the balance sheet’s patience: the friction between expansion narratives and the liquidity, covenants, and discipline lenders need to see.

The tension

Growth stories and financeability tests often speak different languages. The work is to translate ambition into liquidity paths a lender can recognise.

A grounding question

If growth slowed for four quarters, what breaks first—and what would you do about it before it breaks?