Red hot inflation, a possible recession, ongoing supply chain issues, and higher interest rates have made finances a significant struggle for nearly 70% of today’s small businesses. But if there’s one thing I know about small business owners, being one myself, it’s that we are resilient in the face of change. With knowledge and know-how, we can overcome anything.
This is why I do what I do as a bookkeeper and taxation specialist. Did you know that 63% of Americans are unable to answer three of five basic personal finance questions correctly and only 24% of millennials – today’s largest living generation – demonstrate basic financial literacy? April is Financial Literacy Month, which means extra awareness about the importance of education for financial empowerment.
Imagine being freed from cash flow worries or the fear of having to take out a loan to cover unexpected expenses. A better understanding of the basics will help you proceed with confidence, and a better understanding of your personal needs and habits will help you create systems that are specifically tailored to your business’ needs.
Education is the key to financial growth and stability. Our small but mighty team at SMG takes pride in creating custom business services that strengthen financial performance without breaking the bank. One of our best services is a new Bookkeeping Boot Camp in which our team of professionals helps small business owners take charge of their numbers and better understand their bookkeeping.
This offering is ideal for small business owners who are unable to afford a professional bookkeeping service or want to grow in their financial knowledge and know-how. Learn more here or enroll here. Happy learning!