by Tate Parker | Jun 20, 2018 | Bankers/Lenders, Business Owners/CFOs, Credit insurance basics
Healthy cash flow is the foundation of a stable business. It’s also what business lenders look at when determining how much credit to extend. But how do you protect the health of your business’s most important asset? Insure it. Most business owners I talk to don’t...
by Tate Parker | May 29, 2018 | Business Owners/CFOs, Business Owners/CFOs
If your largest customer filed bankruptcy, what would it do to your business? Force YOU into bankruptcy? Drain your profits for the year? Keep you from paying your suppliers or making payroll? Make you take on debt to stay afloat? Hear a quick story about my client...
by Tate Parker | Apr 10, 2018 | Business Owners/CFOs
Corporate bankruptcy has been used as a tool to solve non-financial problems for years. Two examples are in the news now and all business owners and financial managers should watch and learn so you aren’t the victim. Using bankruptcy to avoid management...
by Tate Parker | Feb 13, 2018 | Business Owners/CFOs
Although it isn’t a household name here in the US, the recent Carillion bankruptcy in the UK serves as a warning to us all. A reminder that there’s no such thing as “too big to fail”. It’s also a case study in normalcy bias, “a...
by Tate Parker | Jan 3, 2018 | Business Owners/CFOs
I had a problem. One of my clients had requested insurance coverage on a key customer and after looking at the financial situation, the request was refused. It seems the company wasn’t doing well financially and had become too risky. My problem was that I...
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