Monday, April 30, 2012

Money Smart

I wrote about online entrepreneurial training not long ago and found a mixed bag of the good, bad and the ugly.

Now there's a new player in the space, Money Smart for Small Business, developed jointly by the The Federal Deposit Insurance Corporation and the U.S. Small Business Administration.

The free curriculum consists of 10 introductory training modules covering topics including financial management, record keeping, risk management and tax planning and reporting. According to the agencies involved, "Money Smart for Small Business 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 that can be applied immediately, while also preparing participants for more advanced training."

If every aspiring entrepreneur took this course, I might be out of a job! (But I don't think that's gonna happen.)

The small business course is the latest offering in the FDIC’s Money Smart program, which includes a personal finance guide that clears up ambiguities around topics such as credit, consumer protection and savings. Too bad more people didn't take the home ownership and mortgage introduction courses a few years ago; we all might be in a different situation right now.

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