Free training program for small-business owners

May 7, 2012

The Federal Deposit Insurance Corp. (FDIC) and the U.S. Small Business Administration (SBA) recently added a free resource to support small businesses across the nation. The new resource, Money Smart for Small Business, is a training curriculum for new and aspiring business owners.

The curriculum for the small-business training is the latest offering in FDIC’s award-winning “Money Smart” program, according to the agency.

Money Smart for Small Business provides an introduction to day-to-day business organization and planning, and is written for entrepreneurs with limited or no prior formal business training. It offers practical information that can be applied immediately, while also preparing participants for more advanced training. FDIC and SBA will form a training alliance for organizations that support small businesses through training, technical assistance or mentoring.

The Money Smart for Small Business curriculum is free and available online at www.fdic.gov/consumers/consumer/moneysmart/index.html.

“Money Smart for Small Business will help to put more information on the business basics of financial management at entrepreneurs’ fingertips and make it easier for them to build their knowledge and skill set,” said Karen Mills, SBA administrator.

Each of the 10 multi-lingual instructor-led modules in the curriculum provides financial and business management for business owners, and includes a scripted instructor guide, participant guide and overhead slides. The FDIC will host an online “town hall” for potential training alliance partners in the months ahead.