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  • Writer's pictureStephen Kirkland, CPA, CMC, CFF

Risk Is Caused By Uncertainty About The Future

Updated: Sep 6, 2022

When someone else has surgery, it may seem minor. But when you are the patient, any procedure seems like major surgery. Signing a personal guarantee is similar in that it is much more serious when you are the one signing a legally enforceable document.

And for those who are not actively involved in managing the business and overseeing the company's assets, it may take even more courage to sign on the dotted line.

To illustrate how this feels, I suggest that people imagine how much they would expect to be paid if another business owner asked them to personally guarantee a loan for his or her company.

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