The Psychology of Debt: What Small Business Owners Should Know

Small Biz Marketing
As a business owner, you have stepped into a new playing field. In addition to your personal finances, you now have responsibility for your business' financial health. Entrepreneurs are creative individuals who experience strong emotions. When it comes to money matters, those emotions can either help you or harm you. How do you think about your business' financial health? How do your business finances effect your mood? What can you do to improve your psychological response to business debt? As a business owner you are imaginative, action oriented, and driven to create change. Micheal Freeman, who studies the psychology of entrepreneurs, found that "People who are on the energetic, motivated, and creative side are both more likely to be entrepreneurial and more likely to have strong emotional states." This means…
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