In the complex world of business, every step a manager takes is crucial for determining whether the company will succeed or stumble into failure. When it comes to financial literacy, gone are the days when finance skills were reserved only for accountants or finance professionals. Today, these skills are critical for all business owners and managers. After all, these are the people who make the pivotal decisions in the organization, decisions that directly affect the company’s monetary health.
What’s more, the Bureau of Labor Statistics projects the employment of financial management professionals to grow by seventeen percent from 2023 to 2033. This is much faster than the average rate for other career paths and it presents a promising future for business managers who are equipped with financial literacy. Let’s explore this idea further.
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Financial literacy is the ability to understand finance concepts, terminology, and statements and effectively use these skills …