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Training Start-Ups the Money Smart for Small
Business WayA presentation for the Financial Literacy Leadership ConferenceWashington DC
October 21, 2013
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Your Presenter:
James YagleySenior Community Affairs Specialist
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Money Smart for Small Business
Money Smart for Small Business (MSSB) is a new instructor-led training curriculum
Launched in 2012
Developed jointly between SBA and
FDIC
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A New Curriculum
A stand-alone product
A complete package
Curriculum is free
FDIC looking for training partners
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Who Is the Target Audience?
True start ups
Limited or no training
Minority, women-owned and disadvantaged businesses
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Curriculum Goals
Target audience
Foundational training
Practical information
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The 10 Modules
Organizational Types
Advantages and Disadvantages of Business Structures
Time Management
Steps on Effective Use of Time
Financial Management
Appropriate Allocation of Resources
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The 10 Modules
Recordkeeping
Critical Managerial Tool
Banking Services
Understanding the value for Small Businesses
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The 10 ModulesCredit Reporting
Demystified
Risk Management
Be Prepared for Negative Outcomes
Insurance
Planning for the Unexpected
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The 10 Modules
Tax Planning and Reporting
Understanding the Details
Selling Your Business and Succession Planning
Exit Strategies
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Instructor’s Guide
Participant’s Guide
PowerPoint
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Organizations with a mission of supporting small businesses:
SBA Resource PartnersFinancial InstitutionsNonprofits (microlenders and others)Governmental entities
The Training Alliance
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Training Alliance Member Roles
Provide training
Support training providers
Collaborate with others on a local level
Help promote the curriculum
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Part of a Larger NetworkAlliance Member “Town Hall” calls
These calls allow members toInteract and network
Share best practices
Brainstorm solutions to challenges
Calls are quarterly
FDIC organizes the calls
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Getting Started
Order the CD
Speak to us about joining the Training Alliance
Provide training to your community – by yourself or in partnership with others
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Learn More
MSSB Websitehttp://www.fdic.gov/consumers/consumer/moneysmart/business.html
Ordering Copies of the CDAvailable for freeFollow the link on the website
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Contact Info
James Yagley
Senior Community Affairs Specialist
(703) 254-0349