You should be a guarantor when it is absolutely necessary and the borrower is trustworthy. “Do not do that!” Guarantor B responded when asked to honor the obligation of a company he guaranteed. “Your business is with company C and not with me”. He was then reminded by the loan company that he endorsed the loan agreement…
Should my business have a ‘savings’ account?
Absolutely. The importance of saving money should not be overlooked. Saving is one of the most popular financial advice out there. Despite the importance of saving money, many businesses do not follow through on it. Just knowing you should save is not enough, you have to do the right thing financially and actually put some…