Entrepreneurs Need Financial Literacy
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Entrepreneurs Need Financial Literacy Education Too! PowerPoint PPT Presentation


Without knowing financial basics like budgeting and reading a balance sheet, the entrepreneur may have difficulty growing their business or even keeping it afloat.

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Entrepreneurs Need Financial Literacy Education Too!

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Entrepreneurs need financial literacy education too

Entrepreneurs Need Financial Literacy

Education Too!


Entrepreneurs need financial literacy education too

Small and Medium Sized Enterprises (SMEs) have

consistently made crucial contributions to Kitchener’s

economic and socio-economic development.


Entrepreneurs need financial literacy education too

Kitchener aims to build a startup city by nurturing an

entrepreneurial culture and by leveraging key start up

successes.


Entrepreneurs need financial literacy education too

Kitchener continues to be a great place to start a

business, with the best programs, facilities and

community support.


Entrepreneurs need financial literacy education too

Why is financial literacy so important for

entrepreneurs?


Entrepreneurs need financial literacy education too

Entrepreneurs get carried away with all the aspects of

developing a product or service so much so that they

don’t spend enough time beefing up their financial

literacy.


Entrepreneurs need financial literacy education too

Without knowing financial basics like budgeting and

reading a balance sheet, the entrepreneur may have

difficulty growing their business or even keeping it

afloat.


Entrepreneurs need financial literacy education too

More than half of all new startups in Canada are run by

part-time entrepreneurs who are working full-time and

balancing their business on the side.


Entrepreneurs need financial literacy education too

Financial literacy skills will make them more efficient

and productive both in life and with their finances.


Entrepreneurs need financial literacy education too

5 Reasons why Financial Literacy is Essential

for Every Entrepreneur


Entrepreneurs need financial literacy education too

1. 55% of people are stressed about money

2. Money is the number one cause of stress for employees

3. 40% of people say that money stress is affecting their work

productivity

4. 42% of Canadians lack basic financial literacy

5. Employers who implement some form of financial education in the

workplace, see a return on their investment


Entrepreneurs need financial literacy education too

FINANCIAL LITERACY

New employers should look to develop a company culture

that understands the value of money, plans and manages it

well, and cultivates a workplace mentality that wants to see

that money/company continue to grow.


Entrepreneurs need financial literacy education too

FINANCIAL LITERACY

Any time or money invested in financial education

is returned with increased productivity, less stress

in the workplace, and employees with an overall

enhanced sense of well-being.


Entrepreneurs need financial literacy education too

FINANCIAL LITERACY

This education builds financial knowledge, which then

reduces stress levels benefitting quality of work, it’s a

win-win for everyone


Entrepreneurs need financial literacy education too

FINANCIAL LITERACY

If you’re starting up a business, make sure you brush up

on your financial literacy skills so you can keep your

business finances in order and running smoothly.


Entrepreneurs need financial literacy education too

FINANCIAL LITERACY

Having a financially literate workplace means a healthy

bottom line, one with which you can make confident

financial decisions that will benefit both you and your

business.


Entrepreneurs need financial literacy education too

BDO CAN HELP

Starting a business, looking for financial advice, contact

BDO Kitchener.

Telephone: (226) 336-8933

Email: [email protected]


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