Money Smart Small Business


  • Start: 2017/01/23 12:00
  • End: 2017/01/28 13:00

The new 2017 Smart Money Small Business 13 Step Program is designed to help small businesses and entrepreneur’s navigate starting and running a business.

Presented by the Small Business Administration will educate attendees on the following 13 modules:

1. Is Owning a Business a Good Fit for You?
After completing this module, participants will be able to:

  • Distinguish the myths and realities of small business ownership.
  • Start a self-assessment to determine their readiness to become business owners.
  • Set a plan of action gathering feedback from family, friends and potential customers.

2. Planning for a Healthy Business
After completing this module, participants will be able to:

  • Convert a vague idea into a resource plan.
  • Understand how a business plan helps motivate stakeholders to support their business ideas.
  • Understand the importance of personal credit and a healthy relationship with lenders.

3. Managing Cash Flow
After completing this module, participants will be able to:

  • Understand the purpose of cash flow management in a small business.
  • Make cash flow projections based on the cash cycle.
  • Identify some ways to manage cash flow, including receivables and payables.
  • Work more effectively with technical experts.

4. Banking Services
After completing this module, you will be able to:

  • Identify the most common banking services for a small business, including business checking, payroll processing, business loan and others
  • Evaluate your business and what banks have to offer to you
  • Identify which banking services are the best for your business

5. Organizational Types
After completing this module, you will be able to:

  • Explain general characteristics, pros, and cons of these five common organizational types: Sole proprietor, Partnerships, Limited liability company(LLC), C-corporation and S-corporation
  • Understanding what is the consideration when you decide your organization types
  • Identify which organization types can benefit your business

6. Time Management
After completing this module, you will be able to:

  • Understand why time management is important to small business
  • Apply some general time management practices, including: Pareto Analysis, ABC Method, Eisenhower method and POSEC method.

7. Financial Management
After completing this module, you will be able to:

  • Understand the concept of financial management and its importance
  • Explain financial management practices, rules, and tools commonly available to small business
  • Identify financing basics for small business, such as: start up financing, financing fixed asset, working capital

8. Record Keeping
After completing this module, you will be able to:

  • Explain record keeping basics- practices, rules, and tools
  • Understand how and which records can benefit your business
  • Identify software products relevant to business record keeping

9. Credit Reporting
After completing this module, you will be able to:

  • Understand the purpose for credit reporting and its benefits, risks, and responsibilities
  • Explain how these credit reports works and Identify differences between business and consumer credit reports
  • Understand how to improve your business’ credit.

10. Risk Management
After completing this module, you will be able to:

  • Identify the common risks relevant to a small business.
  • Identify the common warning signs of risk for a small business.
  • Implement, monitor, and evaluate a risk management plan for their business

11. Insurance
After completing this module, you will be able to:

  • Understand why insurance is needed for a small business
  • Identify other types of insurance that a small business should consider
  • Explain how to choose the insurance products that are best for your business.

12. Tax Planning and Reporting
After completing this module, you will be able to:

  • Understand the federal, state, and local tax reporting requirements of a small business
  • Explain how to manage your tax obligations and establish proper accounts
  • Understand how the forms and processes are used to pay business taxes

13. Selling a Small Business and Succession Planning
After completing this module, you will be able to:

  • Explain how to sell and close a business
  • Understand benefits of creating a retirement plan

2017 DATES, DETAILS & TICKETS

The Money Smart for Small Business 13 Step Program will take place via 6 consecutive days: 5 week day Lunch n Learn Live Webinars from 12-1pm on Monday- Friday with the final program of the series taking place In Person (and live streamed for those who are unable to attend in person) on the Saturday from 9-11am. There will be a Q&A forum on Saturday for direct support and mentoring.

All models must be completed in the order they are offered. Each of the listed models are offered in chronological order per series. There will be a playback option for anyone look to access the lessons after they take place.

Once registered, series curriculum will be mailed to attendees home. Upon completion of this course, attendee will receive a Brown Skin Women Small Business packet which includes a certificate of completion.

THIS COURSE IS FREE FOR MEMBERS.  Courses are held every other month starting in January 2017.

January 23-28

March 27-April 1

May 22-27

July 24-29

September 25-30

November 27- December 2

Alert! Members! Log in to RSVP at no cost. The registration form will appear on this page after successful login.

Members Register Here

In order to RSVP, complete this form so that we can send you materials before start of class. Thank you!

Please include street address, city, state and zip code.

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