Fred Parrish On Expressing Opinions in Limelight: Dak Prescott Stands for National Anthem
Cowboys Quarterback Dak Prescott has received backlash for his comments explaining why he stands for the National Anthem and supports Cowboys management’s decision to enforce it. Since then, there was spray painted on a west Dallas alley wall a picture of Prescott wearing a frightened expression. It’s now been [...]
Fred Parrish: Walmart Considers Heavier Monitoring of Customer Service Transactions
The nation’s top retailer, Walmart, recently filed a new patent for a video system that will keep tabs on customer service transactions. Financial strategist Fred Parrish weighed in on the matter on ESPN radio. You know, when I first heard about this, it does have that creep factor to it, [...]
Fred Parrish: How Can Small Businesses Compete Against Big Tech Companies?
The recent Amazon Prime Day didn’t go as smoothly as hoped. Behind the screens were glitches, failed landing pages, and problems with the shopping navigation. Fred Parrish highlights the importance of preparation, test runs, and having realistic expectations of potential outcomes, especially as a large company. “They may never tell [...]
Cash is King, So How Are You Managing It?: Knowing Your Cash Buffer Days Can Help Gauge the Financial Health of Your Business
Knowing Your Cash Buffer Days Can Help Gauge the Financial Health of Your Business= Most small businesses hold a level of cash reserves that would provide an insufficient cushion in the face of a significant economic downturn or other disruption. That’s among the findings in a JP Morgan Chase study [...]
Small Business’s Top Headache: Tips for staying on top of sales taxes
Taxes remain the top headache for small business owners, according to Capital One’s Small Business Growth Index. Among those surveyed, 47 percent say taxes are a major worry this year, despite tax reform intended to help grow business. Meanwhile, the US Supreme Court will soon decide if states [...]
Make the Most of Your Economic Prospects: CFO confidence shows businesses of all sizes have room to grow
CFOS are increasingly optimistic about the economy in the US and abroad, with 90 percent of those surveyed ranking conditions as good, up from 74 percent last quarter, according to Deloitte’s 2018 Q1 CFO Signals survey. “The passage of tax reform and government spending bills in the US [...]
Why You Need a Cash Management Plan From The Start
I just saw this new data from Bankrate that shows there are more Americans working a side hustle today than any time in the last 20 years. 28% According to the report, 28 percent of Millennials, between the ages of 18 and 26 [...]
Stress and the CFO: As anxiety rises in the age of automation, a systems approach can help CFOs head off the kinds of nightmare scenarios we all dread
Being a CFO, or a business owner acting as your own CFO, can be incredibly stressful, and it just gets more so the larger the company you manage. Those of us who have worked in this role for years know it, and now new research confirms it. Recruiter [...]
Is the Customer Always Right?: Handling problem customers with finesse
That story about a woman who returned a Christmas tree to Costco on Jan. 4 “because it [was] dead” – and got a full refund – sure got people talking. Costco gave the woman a refund after questioning her, verifying the purchase on her account, and shaming her [...]
Financial Challenges of 2018 (and how to meet them)
With the New Year already here, what are the big issues and priorities facing your business in 2018? According to a recent article in CFO.com, financial priorities of CFOs for the coming year include “survive disruption,” “raise prices,” “increase margins,” and “drive a culture of data” (others listed [...]