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 | May 7, 2018 | Business Owners/CFOs
On D-Day, June 6, 1944, as the American troops embarked on landing craft toward Hitler’s Atlantic Wall and the invasion of Europe, a sergeant in one of the boats said to his troops, “Men, we’re going into combat and casualties are expected. In fact,...
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 | Nov 2, 2017 | Business Owners/CFOs
My last article described several reasons why businesses owners and financial managers overlook the risk of getting paid. In Part 2, I’ll describe two ways that credit insurance helps a business better manage their risk. Increase operating efficiency Many times,...
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