Debt — even the word makes your shoulders tense. For many business owners, it’s not just about money — it’s the weight of pressure, guilt, and fear. Nearly 40% of small businesses carry over $100,000 in debt, and for too many, that number feels like a life sentence rather than a stepping stone.
In this episode, Dawnette Palmore takes an honest look at what debt really means for entrepreneurs — and how to stop letting it dictate your business decisions. You’ll learn how to move from reaction to intention, from panic payments to purposeful planning, and from shame to strategy.
Dawnette walks through a clear, actionable process for managing debt so it serves your goals instead of sabotaging them — including:
How to identify every debt, know exactly what you owe, and stop avoiding your numbers.
The difference between growth debt (that fuels expansion) and survival debt (that keeps you stuck).
Practical steps to restructure, negotiate, or pay off high-interest balances without draining your cash flow.
How to build reserves — your “hills and valleys fund” — so you’re never forced to borrow out of desperation again.
Real-life success stories from clients who went from suffocating under debt to breathing freely again.
If you’ve ever felt like debt is running your business instead of the other way around, this episode will show you how to reclaim control, create a plan, and finally give your business room to breathe.
Resources Mentioned:
📘 Download Dawnette’s free eBook — Business Finances: A Simple Guide to Managing Your Money with Purpose
🔗 www.yourmoneyonpurpose.com