Introduction to Financial Literacy w/ Accountant Tara Brooks (MEMBERS ONLY)

Personal financial literacy is essential for business owners. Understanding financial basics—like budgeting, debt management, and investment—enables smarter decision-making and fosters long-term growth. With strong financial literacy, business owners can effectively manage cash flow, avoid excessive debt, and set realistic profit goals. It also allows for informed planning, better risk management, and the ability to adapt to financial challenges. In addition, understanding personal finances helps business owners separate personal and business expenses, ensuring accurate records and compliance. Ultimately, financial literacy empowers owners to make strategic decisions that support business stability and personal financial well-being.