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Spring Is Here! Did You Know that April Is Financial Capability Month?

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Spring Is Here! Did You Know that April Is Financial Capability Month?

By Tameka Montgomery, SBA Official
Published: April 18, 2014 Updated: April 18, 2014

President Barack Obama recently proclaimed April National Financial Capability Month. Recognizing the importance of financial planning in achieving the American Dream, this month calls on individuals to empower themselves by seeking knowledge and tools for strong financial capability.

In today's world economy, financial capability is vital to entrepreneurs and small business owners trying to start, grow, and succeed in the marketplace.  Whether your target market is global or your local neighborhood, SBA’s network of Small Business Development Centers, Women’s Business Centers, and SCORE chapters can help at every stage of turning your entrepreneurial dream into a booming business.  Additionally, SBA’s Online Learning Center offers free online courses to help you brush up on your business skills.

I personally believe that financial capability encourages financial stability for individuals, families, and communities.  The more small business owners know about business credit and loans, the more likely they are to succeed in securing their next loan to start or grow their business.   If you want to start a business or learn how to better manage your business finances, begin with Money Smart. SBA and FDIC collaborated to provide an instructor-led business training program, Money Smart for Small Business, for free. This program is designed to provide introductory-style training for new and aspiring entrepreneurs. The 10 modules provide the most essential information on running a small business from a financial standpoint.

So far, more than 1,300 copies of the Money Smart for Small Business course have been ordered and more than 50 Small Business Training Alliance members have used the course. It’s been an invaluable tool for small businesses looking to improve their financial capability and education. Small business owners, those without formal business training, financial institutions, small business assistance centers, city and county economic development offices, faith-based organizations and others have found the program greatly beneficial.

From more information on Money Smart for Small Business  or to download the course at no cost, go online to www.sba.gov/moneysmart.

For free resources on money management and on making the best financial decisions for you, visit www.MyMoney.gov or call 1-888-MyMoney.

About the Author:

Tameka Montgomery

SBA Official

In her role as the Agency’s Associate Administrator for the Office of Entrepreneurial Development, Tameka Montgomery is responsible for overseeing the agency’s counseling and training resources and programs for America’s entrepreneurs.

Comments:

Truly spring sounds to be an encouraging month for people in financial sector, as it is giving enough training session & programs to rise & do best in the community. Well these kind of opportunities should be missed in enlightening self with money smart for small business course.
Disaster survivors in particular are in jeopardy, although the general public needs to have access to fundamental insurance consumer protection from the start. No matter how fair insurance companies imagine themselves to be, they have a separate interest, self-interest. The more they pay, the less they keep. Disaster survivors need all the help they can get and consumer protection is the missing link. How strong is your peer support program?
As a budding entrepreneur I desperately need information on financial planning, hopefully with this free online course to help us in the polish business skills. thank you for the information.
Excellent course material.The concepts treated in the entire course will empower any business startup a firm and knowledgeable footing in business mgt and fiscal economic issues I cannot reiterate the huge importance enough of starting a business but armed with the right necessary setup information

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