1. Introduction

Welcome by Audrey Heesch.

Overview of the episode's focus: debt in small business ownership.

2. The Nature of Business Debt

Discussion on the inevitability of debt in business.

Debt as a tool for growth and the importance of strategic management.

3. Types of Business Debt

Loans for machinery and vehicles.

Credit card usage and management.

Lines of credit, including home equity lines.

Supplier credits for product-based businesses.

4. Good Debt vs. Bad Debt

Characteristics of good debt (e.g., secured by assets).

Risks of bad debt and high-interest credit cards.

5. Debt Management Strategies

Importance of understanding cash flow and monthly payments.

Running metrics and setting realistic financial goals.

6. New Debt Management Calculator

Introduction to Audrey's debt management calculator.

Features of the calculator: handling fluctuating balances, prioritizing debts.

7. Personal Insights and Encouragement

Audrey shares personal experiences with debt.

Encouragement to avoid the comparison trap and focus on individual business paths.

Holding grace for oneself and making informed decisions.

8. Practical Advice

Tips for leveraging credit cards without accruing high interest.

Managing existing debt before taking on new investments.

Balancing strategic decisions with financial realities.

9. Conclusion

Recap of key points.

Encouragement to approach debt with intention and strategy.

Invitation to comment if interested in the debt management calculator.

Links and Resources:

Subscribe to "Practical Money Magic" for more episodes.

Follow Audrey Heesch on social media for updates and financial tips -> @gracefulpenny

Contact information for questions and feedback.

Call to Action:

Share your thoughts and experiences with business debt in the comments.

Stay tuned for the release of the debt management calculator.