Financial Literacy Month!

by Dawn Fotopulos on April 20, 2012

Did you know that April is financial literacy month?

What is financial literacy? It’s the ability to interpret numbers and is the best defense against losing money.

Reuters put together a little five question quiz to see if you know more than a high school senior about financial literacy.

Go ahead. Test your knowledge. It’s not hard, just a little tricky.

Learn the basics. Understand the cost per unit to know if you’re really getting a good deal.

Understanding how to calculate profits is really important if you’re running a small business.

Reading your Profit and Loss Statement monthly gives you one of the most important temperature check on whether your company gets to fight another day.

Here’s our one question financial literacy test for every small business owner:

Did you know you could be showing a profit and still be going bankrupt?

It’s true. You can show a profit and still be bankrupt. Profits and Cash are NOT the same thing.

If you didn’t know the right answer to this question, you MUST read our Free Report “Your Cash Flow Statement is Speaking, But Can You Hear It?”


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