Financial literacy can feel difficult to grasp when it comes to owning a small business. However, it’s key that those who own apparel decoration businesses understand basic finances in order to successfully run them.

Nick Gawreluk, founder of Print Profit, walks you through three key financial statements that every business owner should understand. In this video breakdown, he provides information on:

• P&L statements
• Balance sheets
• Cash flow

Want to get in touch with Nick? Email him at nick@printprofit.com.