SBA, FDIC Announce Enhanced Money Smart for Small Business Training Curriculum for Entrepreneurs

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Nov 16, 2016, 03:30 ET

WASHINGTON, Nov. 16, 2016 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration (SBA) and the Federal Deposit Insurance Corporation (FDIC) today announced enhancements to Money Smart for Small Business, a resource that provides practical guidance for starting and managing a small business.

"The enhanced Money Smart for Small Business curriculum has been improved to make entrepreneurship more accessible to everyone and to better meet the financial management needs of entrepreneurs," said Tameka Montgomery, Associate Administrator for SBA's Office of Entrepreneurial Development. "The FDIC has been an exceptional partner in providing small businesses and entrepreneurs with resources needed to help get their businesses off the ground."

Money Smart for Small Business, a free curriculum available on the SBA website, was jointly developed by the SBA and FDIC in 2012. The agencies expanded the program in response to feedback from the small business community.

Three new modules were added, focusing on managing cash flow, planning for a healthy business, and helping learners to determine if owning a business is a good fit, bringing the total number of modules to 13. The curriculum is available for download at no cost in both English and Spanish. In addition, a Train-the-Trainer curriculum was created to help organizations train instructors to deliver the modules.

The agencies also simplified the process to join the Money Smart Alliance, a group of nonprofit, government, and educational organizations that promotes and teaches Money Smart for Small Business. Organizations now can join the Alliance by completing a simple online form.

Training modules can be taught in any order or independently and typically run 60–90 minutes. Each module, and the Train-the-Trainer curriculum, includes a fully scripted instructor guide, participant workbook, and PowerPoint slides that can be edited to meet the needs of any audience. These features and flexibility make Money Smart for Small Business a valuable resource for entrepreneurs.

The SBA joins 160 nations around the world to recognize Global Entrepreneurship Week 2016. To learn about starting a business, begin with the Money Smart for Small Business resource designed to provide introductory-style training for new and aspiring entrepreneurs.

The enhanced Money Smart for Small Business curriculum is available at www.sba.gov/starting-business/business-financials/your-business-fiscally-fit and www.fdic.gov/consumers/consumer/moneysmart/business.html

Contacts: SBA - Cecelia Taylor (202) 401-3059
FDIC - Greg Hernandez (202) 898-6984

Internet Address: www.sba.gov/news
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Release Number: 16-85

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SOURCE U.S. Small Business Administration