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There’s no question about it: if you’re running a business (or thinking of starting your entrepreneurial venture) then debt is likely something that’s on your mind.
Some financial experts (like Suzie Orman for example) will advise that you save a year or more of expenses before starting your business. Now, I’m no financial advisor but if I — and the hundreds of women I’ve coached to be successful in business — followed that strategy, we wouldn’t HAVE any businesses!
Businesses are traditionally started and grown on loans, and your entrepreneurial venture is no exception. And this can be a positive reason to create debt.
Whether you’ve borrowed money from a family member or from your savings accounts or you’ve used your credit cards to fund the startup and growth phases of your business, a growing business needs working capital. When I first started my business I relied on money from the recent sale of my then-house to cover my bills while I learned how to market my services.
While there are many reasons that it can make sense to create debt for your business, for most women, it can stir up feelings of guilt or failure. Beneath the surface that guilt is tied to self-worth and this can chip away at your confidence in making choices about where and when to invest in the growth of your business.
It’s important to remember that debt, like money, is just another mirror of how much you believe in YOU. The main point is not whether or not you have debt, but how you handle it. Here are some of my top tips for handling debt with confidence and clarity:


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Of all the coaching and business tips I provide to my clients, the one that gets the most resistance is the hiring of a support team. The reason I usually hear is, “I can’t justify the expense,” or “I can do it myself much more quickly.”
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If you’re in a committed relationship then you’ve likely experienced having an argument about money. Add in to the mix that you’re woman entrepreneur and arguments about money can magnify in both frequency and intensity.
As a women entrepreneur, when you need to generate cash quickly in your business, do you have a clear plan of action, or do you start to feel a little panicky?
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