What to expect from Foundation #4 Financial Literacy?  What Is Financial Literacy? Financial literacy refers to the ability to understand and apply different financial skills effectively, including personal financial management, budgeting, and saving. Financial literacy makes individuals become self-sufficient, so that financial stability can be accomplished. In business, a financially literate business owner is more likely to be fully in control of their business. Gaining an understanding of what balance sheets and profit and loss statements mean provides a clear view of the financial state of your enterprise and subsequently facilitates smarter business decisions. All small businesses need to grow profitably in order to succeed. The women in our entrepreneur mentoring community will share their experience and tools with you that helped them develop financial literacy skills resulting in
the ability to scale your business to become profitable and sustainable. The classes and materials in this section will provide the tools you need to learn and develop marketing skills to get your business noticed.