24: The Importance Of Financial Literacy In Your Small Business Whether You Are Self-Employed, A Solopreneur, Entrepreneur, Small Business Owner, Virtual Online Bookkeeper, Virtual Assistant Or VA

Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

Apr 14 2021 • 14 mins

Financial literacy is just as important when you are taking care of your personal finances as it is when you own a small business. April is financial literacy month and since this podcast is all about Mastering Your Small Business Finances, it is only fitting that we should talk about how financial literacy makes an impact on your small business. Studies are showing that the financial literacy scores are slowly and steadily declining. I understand you became a business owner because of the passion you have for what your business is all about and not necessarily about the finance aspect, but I know you want to do everything you can to ensure your business is as successful as possible, which includes understanding your finances. Financial literacy might not come easy to you, but if you make it a priority, especially if you are new to owning a small business, it will help you manage the financial side of your business more effectively. Increasing your financial literacy will help you make smart business decisions such as when to hire an employee and when or if you should take out a loan as well as how to manage your debt. You will be able to understand the taxes that are relevant to your business and how every action you take impacts your financial statements. Listen in today as I talk about why financial literacy is so important and how you as an entrepreneur, small business owner, virtual online bookkeeper, or virtual assistant can increase your financial literacy. Not only do I feel financial literacy is important for adults, but it is also extremely important to increase financial literacy in children. My passion for helping increase financial literacy extends to kids and teens as well. My Youth Financial Journeys help increase youth financial literacy by incorporating real-life and hands-on scenarios from our normal day to day lives and simplify it for kids and teens, so they are able to learn from these financial activities. To help increase children’s financial literacy and in honor of April being financial literacy month, I have a special offer for you at the end of this podcast if you have a child in your life you want to make sure has a good understanding of financial literacy for their future so that they will learn to be responsible with their financial choices and make smart financial decisions throughout their adult lives……

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