by Tate Parker | Feb 19, 2019 | Business Owners/CFOs, Insurance Brokers
An article in CFO Magazine caught my eye recently. It describes how companies are usually unprotected against “Black Swans”… risks that rarely happen but cause extreme pain when they do. Nothing is more true than with large credit exposures in...
by Tate Parker | Jan 29, 2019 | Business Owners/CFOs, Business Owners/CFOs
Two years ago, I bought a new car that replaced my 2004 Toyota Camry with over 530,000 miles (it was a good day at the Toyota plant)! It has all the latest technology that didn’t exist when my Camry was built: Bluetooth, backup camera, blind spot warning and...
by Tate Parker | Sep 20, 2018 | Business Owners/CFOs
“There wouldn’t be a seafood industry without foreign workers. There wouldn’t be sugar either.” according to “Jim” (not his real name), the owner of a large seafood and fish processing company. “Without the guest worker visa...
by Tate Parker | Aug 21, 2018 | Business Owners/CFOs
An auto industry association surveyed key suppliers to Tesla recently and found that most are becoming very concerned that Tesla has become a financial risk to their business. The survey uncovered several stories that shine a light on Tesla’s cash flow problem...
by Tate Parker | Jul 24, 2018 | Business Owners/CFOs
Have you ever walked away from new business because you were afraid it was too risky? Here are three quick stories of clients of mine that were able to avoid doing that. The first example is a large industrial contractor that was approached by a large international...
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...
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