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Blog Series Covers Business Finance Basics for National Financial Literacy Month
Blog Series Covers Business Finance Basics for National Financial Literacy Month
While small business owners tend to excel at some technical area, like construction, retail or restaurant management, they rarely have the training to know how to make a profit by managing their finances. National Financial Literacy Month is a great time to learn more of the basics for business financial management.
San Dimas,
CA,
United States of America
(prbd.net)
22/04/2011
Money Management International (MMI) declared April National Financial Literacy Month; and for good reason because too many Americans are insufficiently educated about their personal finances. This seemed an ideal time to John R. Aberle to write a series of articles about business financial literacy for small business owners and managers. He’s publishing them on his blog, How to Make a Profit.net.
During his over three and a half years as a small business consultant, Aberle has consulted with over 130 clients principally on financial issues helping them to learn how to make a profit. Aberle said, “I have tremendous respect for small business owners and their management teams. The vast majority are honest business people who really care about their customers and about providing a valuable service. Moreover, they are experts in their fields. One of the places where they can find themselves in trouble, though, is in managing their finances and planning, not hoping, to make a profit.”
As business finance is an area that can be learned sufficiently to know how to make a profit, Aberle has posted 15 articles so far in this series with 5 more planned. His objective is to make some key ideas in business finance easy to read and understand. Some of the titles range from the simplest facts, “What Is the Difference between Simple and Compound Interest” to “Why isn’t your net profit the same as the money you actually have” because many small business owners fail to recognize that what they think they have from net profits often disappears in the balance sheet. A couple specific areas for them to be aware of are “How Effectively Is Your Collections System Working?” and “How Will I Benefit from Having a KPI Report.” To read the latest post explaining how debits and credits in accounting terms mean things very different from how we use them as consumers, read, “When is a credit not a good thing” on the How to Make a Profit blog.
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