What is the difference in substance between a bank loan and a shareholder loan? Very little, apart from the bank taking the time to document the loan and its security. We always advise Shareholders to treat their corporate advances as real loans, which means they should be documented with scheduled repayment terms, reasonab
No wonder management teams avoid the daunting challenge of fixing a troubled business. Better, and certainly easier, to not take ownership of the problem and to believe that the world has temporarily conspired against them
It’s 2022! Studies show that nearly all New Year’s resolutions fail before the end of March because, as the daily routines of life take over, the resolutions are forgotten. The same thing happens in business.