193. Debt Pay Off 101 For Small Business Owners

Join me every Monday for my FREE business debt pay off class: https://ginaknox.co/masterclass-ad 

Join Small Business Money School: https://ginaknox.co/school 

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind 

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