SBA, FDIC team up for new small biz training course

Small businesses will soon have a new weapon in their arsenal – a free, online training curriculum for new and aspiring business owners.

Sponsored by the Federal Deposit Insurance Corp. and the U.S. Small Business Administration, the program is known as “Money Smart for Small Business.”

The training curriculum 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, and is a platform for future business training.

The FDIC and SBA plan to form a training alliance for organizations that support small businesses through training, technical assistance or mentoring.

“We are excited to join the FDIC in its expansion of the Money Smart curriculum for small business,” said SBA Administrator Karen Mills. “The FDIC is a vital ally in our efforts to help small business owners start, grow and create jobs. 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.”

Each of the 10 instructor-led modules in Money Smart for Small Business 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.

More than 10 years after the original release of the award-winning Money Smart adult curriculum, Money Smart for Small Business builds on the proven results in finance management for those who complete the curriculum.