Money Smart - A Financial Education Program
Money Smart for Small Business
Money Smart for Small Business provides a practical introduction to the everyday tasks of starting and managing a business. Developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA), this instructor-led curriculum consists of 13 modules. Each module includes a fully scripted instructor guide, participant workbook, and PowerPoint slides. These resources enable an organization to offer Money Smart for Small Business classes right away.
To order the curriculum: Order Money Smart for Small Business.
Training is conducted through the members of the Money Smart FDIC's Training Alliance. Look through our list of Alliance Partners and Supporting Members (Excel 25KB) (Microsoft Excel Help) to find available training near you.
FDIC and SBA invite stakeholders to order and begin teaching this free curriculum. It is designed to be delivered to new or operating small business owners - persons without formal business training - by financial institutions, small business development centers (SBDCs), city/county economic development offices, faith-based organizations and others. The curriculum is a tool for bank-community partnerships. For example, bank staff could deliver the curriculum in collaboration with small business resource providers.
The 10 Training Modules
The topics for the training modules provide a practical introduction to the everyday tasks of starting and managing a business. In addition to grounding participants in the basics, the curriculum serves as a foundation for more advanced training and technical assistance.
No certifications are required to use the curriculum. Those delivering the curriculum may find it helpful to have experience in the delivery of training, technical assistance or coaching to small businesses.
Money Smart Alliance
The FDIC recognizes select organizations that deliver the Money Smart for Small Business curriculum through the Money Smart Alliance Program. Potential Alliance Partners should be able to conduct and market the training in their communities. They should be able to provide follow-up training, referrals, or technical support to graduates of this training.
Alliance partners can participate in a quarterly online town hall to discuss experiences with the training and share best practices for improving effectiveness.
Interested in joining the Money Smart Alliance? Want to know your next steps?
Check here for more information on next steps for organizations interested in becoming members of the Money Smart Alliance and delivering Money Smart for Small Business in their communities.
How the Program Works
It starts with the core curriculum - 13 modules presenting introductory information on running a small business from a financial standpoint. Designed to provide the most essential information in approximately one hour, the modules can be taught in any order. Each module consists of an instructor’s guide, participant’s take-home manual, and overheads.
Community of Practice
Through the FDIC’s Money Smart Alliance, those delivering the curriculum will share best practices, problem-solve common issues, and provide the feedback to FDIC necessary for the continuous improvement of the core curriculum.