Til Debt Do Us Part Season 2 Episode 10 Small Business, Big Dreams

Til Debt Do Us Part is a Canadian television series hosted by financial expert Gail Vaz-Oxlade. In this episode, titled Small Business, Big Dreams, Gail meets with a couple who have been struggling to make ends meet since starting their small business.

The couple, Lisa and Mike, have dreams of turning their small landscaping business into a thriving enterprise. However, their debt has been steadily increasing as they try to keep up with expenses like equipment, advertising, and paying employees. They have also been using their personal credit cards to cover some of the costs, putting them in an even deeper financial hole.

Gail starts by looking at their budget and finding ways to decrease their expenses. She also helps them set up a separate bank account for their business finances, so they can keep better track of their income and expenses. Gail emphasizes the importance of paying themselves first and not relying on credit cards for emergencies.

Next, Gail turns her attention to Lisa and Mike's business. She helps them come up with a marketing plan that is both effective and affordable. They also discuss ways to improve their cash flow, such as offering payment plans for clients and adjusting their pricing structure.

Throughout the episode, Gail stresses the importance of communication and teamwork in a marriage and a business. She encourages Lisa and Mike to work together to achieve their financial goals and to communicate openly with each other about their finances.

At the end of the episode, Lisa and Mike have made significant progress towards achieving their financial goals. They have a better understanding of their budget and have taken steps to improve their cash flow. They have also learned how to communicate more effectively about their finances and their marriage.

Overall, Small Business, Big Dreams is a helpful and informative episode of Til Debt Do Us Part. It offers practical advice for small business owners and emphasizes the importance of communication, teamwork, and financial responsibility. Whether you are an entrepreneur or just looking to improve your finances, this episode is worth watching.