Financial Literacy for Business Owners
Business owners of startups and small organizations are very dependent on the skills and knowledge of their owners. Founders need to have many skills and know much about everything from sales to marketing, operations, purchasing and supply as well as finance. There is a lot to know and so much to do. Understanding basic finance is very important for a business owner’s success since the business’ balance sheets determines whether the business can survive or shutdown. Enroll and learn about Profit and Loss Statement, Balance Sheet and Cash Flow Statement, understand your limits, and know when to seek professional help in preparing your financial statements.