Build a Successful Business: The Entrepreneurship Collection (10 Items)

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Financial Literacy Strategies

If your goal is to have a financially intelligent company, your first step is to figure out a strategy for getting there. We don’t use the word strategy lightly. You can’t just give a one-time training course, hand out an instruction book, or post the income statement and expect everyone to be enlightened. People need to be engaged in the learning. The material needs to be repeated and then revisited in different ways. Your results need to be shared. Financial literacy needs to become part of a company’s culture. That takes time, effort, and even a little monetary investment. But it’s very doable. We’ll outline three approaches—ones that aren’t mutually exclusive—that we have seen work.

TOOLS AND TECHNIQUES