About openness, trust and breaking the silence
Entrepreneurship is having courage. But the greatest courage is perhaps: admit that things are not going well financially — and dare to say it out loud. Because although many entrepreneurs end up in debt at some point, it feels like something you would rather hide. You don't want to worry your staff. You don't want to burden your partner. You don't want to worry those around you. So you keep quiet. And in the meantime, the stress grows. In this blog, you can read why talking about it is a powerful weapon against shame, isolation and further problems — and how to do it in a good way.
- Why Talking About Debt Is So Hard
Financial problems affect not only your wallet, but also your pride, your identity and your sense of self-worth. As an entrepreneur, you are used to being in control, offering solutions, and keeping control. Debt is the opposite of that. It feels like failure, weakness or even loss of authority.
That's why many entrepreneurs prefer to say nothing — or only when it's too late. But that often causes more damage:
- Your partner senses that something is wrong, but doesn't know what.
- Your staff becomes insecure due to unspoken tensions.
- Your environment does not understand your withdrawn behavior, which leads to distance.
- You yourself become isolated in your head and continue to dwell on worries.
So the first step to enlightenment is: break the silence.
- How do you tell your partner?
Your partner is often the one who notices the most — and empathizes the most. But also the one you try to hold on to the longest.
Here's how to do it right:
- Choose a quiet moment. Not between the soup and the potatoes, but in a place where you really have some space.
- Be honest, but reassuring. Say what's going on, without panic. There's a problem — and you're actively looking for a solution.
- Show that you are in action. If you have already sought help or are taking steps, tell us. That will give you something to hold on to.
- Involve your partner if possible. Thinking about solutions together creates a sense of community.
Your partner may not be happy with the news, but they are happy with the openness, because that creates space for support, instead of alienation
- How do you discuss it with staff?
If you have staff, you feel an extra sense of responsibility. You don’t want to make them anxious or doubt their job security. But here too, saying nothing is often more dangerous than having a conversation.
Tips for communicating with your team:
- Be honest, but professional. You don't have to go into detail, but indicate that the company is going through a difficult time — and that you are taking action.
- Show that there is a plan. That gives confidence. Think of cost savings, restructuring, or discussions with care providers.
- Allow room for questions. Give your employees the opportunity to share their concerns without having to solve everything right away.
- Communicate regularly. Even if there are no major updates yet. Silence breeds uncertainty.
Transparency builds trust. Especially in difficult times.
- What do you tell friends, family or fellow entrepreneurs?
Many entrepreneurs feel alone in their situation. But did you know that thousands of entrepreneurs struggle with debt every year? You are not an exception — you are invisible among others who are going through the same thing.
How to create space:
- Tell someone you trust. Start small. One person who really listens can help enormously.
- Be clear about what you do and don't need. Sometimes a listening ear is enough, sometimes you also want to think along practically.
- Avoid guilt or excuses. You don't have to justify yourself. You share because you share — not because you have to make up for something.
Many entrepreneurs experience relief after such a conversation: “I don't have to carry it alone anymore.
- Why openness also helps you
Talking about debt is not only good for your relationships, it also helps you:
- It reduces stress and tension.
- It breaks through brooding behavior.
- It increases your support base: others can think along with you.
- It makes room for help — both practical and emotional.
And perhaps most importantly, it gives you back what debt often takes away — your sense of control and dignity.
- Debt relief: an extra step towards peace and confidence
Once you have started the conversation, it is often easier to also take the step towards debt assistance. You do not have to solve it alone. Professional debt assistance offers:
- Overview of your financial situation
- Negotiations with creditors
- A concrete step-by-step plan for recovery
- A listening ear without judgement
And that's where it all starts: you don't have to do this alone.
Do you recognize yourself in (part of) this situation and do you no longer want to walk around with worries? We are ready to help you. Do not wait until the problems escalate and take control of your financial future today. Click on the button 'Request debt assistance now' and take the first, important step towards peace and security for you and your company.
