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In this episode of Small Business Big Money, host Gina Knox delves into the complexities of debt management for small business owners. She emphasizes the importance of understanding debt as a tool for growth rather than a moral failing. Through a series of insights and strategies, Gina guides listeners on how to effectively manage debt, differentiate between strategic investments and keep-the-lights-on debt, and the necessity of cutting unnecessary expenses. The episode concludes with a call to action for business owners to take control of their financial health and consider joining the Small Business Money School for further support.

Timestamps:

00:00 - Introduction to Small Business Finances
00:29 - Understanding Debt in Business
01:52 - Debt Mindset and Its Importance
03:42 - Strategic Use of Debt for Growth
09:26 - Keep the Lights On Debt
13:41 - Breaking the Cycle of Debt
20:16 - Cutting Expenses and Adjusting Strategy
26:02 - Moving Forward with Debt Management

Category: Debt

Keywords: small business, debt management, financial coaching, debt mindset, business growth, financial security, debt payoff strategies, entrepreneurship, financial literacy, business expenses