When a Business that Li Ka Shing had Stakes in Liquidates
Sometimes we are oblivious to the brutal consequences of our decisions until it is too late. Instead of experiencing the hard knocks of the business world first-hand, we should spare ourselves from potential heart aches by learning lessons from others.
What Does it Mean to Be a Personal Guarantor?
Across the board financial institutions have tightened their reins on lending. As a result, business owners are expected to become personal guarantors for whole or partial loan amounts that they would like to take up. In fact, this has become a business norm. A personal guarantee has become a necessary evil to business owners. Becoming personal guarantors adds to the risks that a business owner assumes. But without which a business owner may be unable to fund a business expansion plan or buy inventory required to stay in business.