Understanding Financial Literacy: A Beginner’s Guide to Managing Money
Financial literacy is essential for small business owners. It refers to the ability to understand and effectively use various financial skills, such as budgeting, investing, borrowing, and saving. In today’s complex financial environment, understanding these concepts can make a significant difference in the success of a business.
This guide will cover the importance of financial literacy and how it can help small business owners manage their finances better, including practical tips on banking, UPI systems, and digital banking.