Top of the Grade : Factors that Could Influence Small Business Literacy

Small business owners (SBOs) need a level of tax, computer accounting software, and financial statement literacy to effectively manage their cash flow, which could influence business performance. Research was conducted with small business experts to provide a greater understanding of what aids or hinders the development of these literacies for SBOs. The findings suggest that improvement could be hindered by lack of time, money, basic financial education, the complexity of the tax system, and the SBOs individual anxiety. With this understanding, recommendations can be made as to how these important literacies may be improved