π Navigating the fine print of personal guarantees can make or break your entrepreneurial journey!
When launching a business, lenders often demand personal guarantees, putting your assets on the line. In this video, we unpack the variations of personal guarantees, why they're integral to lending agreements, and the potential risks they pose. More importantly, we review strategic ways to shield yourself.
From effective negotiation tactics to separating personal assets from business ones, and gaining a crystal-clear understanding of every loan's fine print, these insights are invaluable. We also emphasizes the importance of collateral management and exploring viable alternatives to personal guarantees.
