Financial Literacy 101 | Farmers Financial Focus

YOUNGSTOWN, Ohio — Starting a business isn’t as simple as putting up a sign and opening the doors. Entrepreneurs have lots to prepare before they even launch their venture.

In this first video of Farmers Financial Focus: Financial Literacy 101, Andy Estock, director of commercial banking, goes over the financial basics of entrepreneurship and some of the important financial decisions business owners have to make, which he says are many.

“They’re making decisions about pricing. They’re making decisions about competition,” Estock says. “Making decisions in today’s world about supply chain. Where are my vendors? Do I have backup vendors? … And they’ve got to make those decisions on the fly everyday.”

For more, watch the video above.

Copyright 2022 The Business Journal, Youngstown, Ohio.