During a recent hiking trip, I crossed a stream that was full of huge boulders (see the photo). The boulders were the size of my house! As I crossed the stream, I realized that business cashflow is like the stream… when it flows without interruption, everything is good, but sometimes it’s blocked by boulders.
The boulders that block cashflow are unexpected events like a customer not paying his invoice. These events make it harder to pay bills, service debt and expand.
We read a lot about how to improve cashflow with invoicing and follow up techniques. We DON’T hear much about protecting cashflow when the unexpected boulder lands in the middle of our cashflow stream.
Fortunately, there’s a tool that protects your business cashflow while helping you access more financing and operate more efficiently while expanding your business. It’s called trade credit insurance and I can help! To learn more, visit tateparker.com.
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