Q 1. Why do suppliers often ask entrepreneurs of small companies to provide personal guarantees for a line of business credit? If an entrepreneur is asked (forced) to provide personal guarantees, then what personal protection does a company have from the guarantee? How does Proverbs 14:23 provide a Biblical foundation on how to profit? 2. How useful is a financial plan when it is based on assumptions of the future? Does it make more sense for the entrepreneur to evaluate and modify financial plans monthly or wait for results from quarterly reports?
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