It’s not easy learning about money!
It’s complicated. There are a lot of fancy words. And to be honest, sometimes it’s just plain boring.
But you know what’s even more painful than financial jargon?
Financial problems.
And the worst part about it is, they’re usually very easy to fix. It’s like when your car breaks down and you stare at it for two hours, not a clue in the world what needs to be done. Then your petrol-head friend simply pours some water in a random hole and your engine’s roaring again. Isn’t that frustrating? Wasting your day over something that can be fixed in 20 seconds? The thing is, money problems don’t last for just two hours. They last for months, years even. Maybe they started with a poorly timed loan, or a bad investment. Maybe a staff member was stealing from you but you didn’t understand your records well enough to see it. Things like this don’t happen when you understand your money. Financial literacy training helps you stay in control. It teaches you to know where your money is and what it’s doing at all times. If your records don’t balance, or some figures look a little ‘off’, you’ll know where to look and you’ll know how to find out why. As a business owner, it empowers you.- You’ll have a better understanding of both your company’s potential and its limitations
- You’ll be able to make sound financial decisions
- You’ll finally be able to work with your accountant rather than just listen to him bark meaningless words at you.
- You start to understand finances, how a business ticks, what drives the company’s sales and what influences its profit.
- It adds value to both your personal finances and your career.
