November 28 – The FDIC and the Small Business Administration have announced several enhancements to Money Smart for Small Business, a resource that provides practical guidance for starting and managing a small business.
The agencies expanded the program – available free on the FDIC website — 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. The curriculum, which now includes 13 modules, is available for download 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.