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Monday, January 12, 2015

Is Financial Illiteracy Hurting Your Business?

As a small business owner, you’re probably accustomed to wearing multiple hats – Chief Financial Officer, included. And as all small businesses owners know, functioning competently in multiple roles is essential for getting your business off the ground and turning a profit. If you handle your own small business finances, you’re not alone. Eighty percent of small business owners do exactly the same.
But working in the role of CFO doesn’t make you a financial expert – you may even be a little lost when it comes to the ins and outs of preparing a P&L statement or a cash flow statement. Though squeaking by on minimal financial knowledge may save you some money in the form of payroll, you could be hurting the long-term growth and success of your business.


Is Financial Illiteracy Hurting Your Business?

1 comment:

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