Do terms such as balance sheet, P&L statement, and profit margins make you suddenly want to do anything to distract yourself, like play sudoku or watch cat videos? Do concepts like gross vs. net and business tax cause hyperventilation? If so, it might be time to reduce your financial stress by learning the concepts and language that will help you become more profitable.

Every business, big or small, needs a financial plan and goals. You didn’t need us to tell you that. But making a solid plan, and setting proper goals will become a lot easier once you know the language of money.

We’re not asking you to get a finance degree or become a CPA. It’s important to learn what you can without ignoring the other responsibilities involved with running a business. As you build your network, for example, don’t be afraid to start a conversation with finance professionals and ask questions. If you can hold an intelligent conversation with them without getting confused or immensely bored, then that’s an indicator that you’re on the right track.

There are many resources to help entrepreneurs become more money savvy. You could find a book on the subject, or sit down with that person at the bank who helped you open your business account. In fact, our MBO clients here at Entrepreneur Simplified get an in-depth education in business finance from other entrepreneurs, personalized to fit their needs.