introducing money smart for small...

IntroducingMoney Smart for Small Business

Department of Financial InstitutionsCalifornia Small Business

Lending Fair

June 13, 2013

FEDERAL DEPOSIT INSURANCE CORPORATIONFEDERAL DEPOSIT INSURANCE CORPORATION1

Department of Financial InstitutionsCalifornia Small Business

Lending Fair

June 13, 2013

Your Presenter:

Emerson B. HallCommunity Affairs Officer


Emerson B. HallCommunity Affairs Officer

Money Smart for Small Business

Money Smart for Small Business (MSSB) is anew instructor-led training curriculum

Launched in 2012

Developed jointlybetween SBA andFDIC


Money Smart for Small Business (MSSB) is anew instructor-led training curriculum

Launched in 2012

Developed jointlybetween SBA andFDIC

What is it About?Builds on success of Money SmartMeets the needs of small businessesAn introduction to operating a business


Builds on success of Money SmartMeets the needs of small businessesAn introduction to operating a business

Why MSSB? Why FDIC?

Stronger bank-entrepreneur relationshipsHelp start-ups become more viableUltimate goal is increased business success


Stronger bank-entrepreneur relationshipsHelp start-ups become more viableUltimate goal is increased business success

A New Curriculum

A stand-alone productA complete packageCurriculum is freeFDIC looking for training partners


A stand-alone productA complete packageCurriculum is freeFDIC looking for training partners

Curriculum Goals

Target New and Aspiring EntrepreneursProvide Foundational TrainingPractical Information – can be learned in a short

amount of time and applied right awayA Gateway, Not a Final Destination


Target New and Aspiring EntrepreneursProvide Foundational TrainingPractical Information – can be learned in a short

amount of time and applied right awayA Gateway, Not a Final Destination

Who Is the Target Audience?

True start ups

Limited or no training

No relationship to service provider

Minority, women-owned and disadvantaged businesses


True start ups

Limited or no training

No relationship to service provider

Minority, women-owned and disadvantaged businesses

The 10 ModulesOrganizational Types

Advantages and Disadvantagesof Business Structures

Time ManagementSteps on Effective Use of Time

Financial ManagementAppropriate Allocation ofResources


Organizational TypesAdvantages and Disadvantagesof Business Structures

Time ManagementSteps on Effective Use of Time

Financial ManagementAppropriate Allocation ofResources

The 10 Modules

RecordkeepingCritical Managerial Tool

Banking ServicesUnderstanding the value forSmall Businesses


RecordkeepingCritical Managerial Tool

Banking ServicesUnderstanding the value forSmall Businesses

The 10 ModulesCredit Reporting

Demystified

Risk ManagementBe Prepared for NegativeOutcomes

InsurancePlanning for the Unexpected


Credit ReportingDemystified

Risk ManagementBe Prepared for NegativeOutcomes

InsurancePlanning for the Unexpected

The 10 Modules

Tax Planning and ReportingUnderstanding the Details

Selling Your Business andSuccession PlanningExit Strategies


Tax Planning and ReportingUnderstanding the Details

Selling Your Business andSuccession PlanningExit Strategies

MSSB ModulesTaught between 1 - 2 HoursPresents an Introduction to the TopicStates the ObjectivesConfer Basic ConceptsHighlight Key Points


Taught between 1 - 2 HoursPresents an Introduction to the TopicStates the ObjectivesConfer Basic ConceptsHighlight Key Points

Instructor’s Guide

Participant’sGuide

PowerPoint


Instructor’s Guide

Participant’sGuide

PowerPoint

Ready to go outof the box

Or can becustomized tomeet your needs


Ready to go outof the box

Or can becustomized tomeet your needs

FREE for you touse

Available NOWfrom our website


FREE for you touse

Available NOWfrom our website

A GatewayBusiness development opportunity

Customer acquisition tool

Makes businesses more viable


Business development opportunity

Customer acquisition tool

Makes businesses more viable

Organizations with a mission of supportingsmall businesses:

SBA Resource PartnersFinancial InstitutionsNonprofits (microlenders and others)Governmental entities

The Training Alliance


Organizations with a mission of supportingsmall businesses:

SBA Resource PartnersFinancial InstitutionsNonprofits (microlenders and others)Governmental entities

Training Alliance Member RolesProvide trainingSupport training providersCollaborate with others on a local levelHelp promote the curriculum


Provide trainingSupport training providersCollaborate with others on a local levelHelp promote the curriculum

What Role Can You Play?

Training Delivery

Curriculum is modularCourses can be structured as neededMaterials can be integrated into other trainings


Curriculum is modularCourses can be structured as neededMaterials can be integrated into other trainings

Training Delivery

Follow-up is critical to success

Connect participants with sources of follow-upcounseling, coaching, technical assistance

Integrate peer learning into the design of thecourse


Follow-up is critical to success

Connect participants with sources of follow-upcounseling, coaching, technical assistance

Integrate peer learning into the design of thecourse

Peer Learning

Allows for:Applying lessons from course

Overcoming challenges

Providing mutual support

Monthly meetings during first year


Allows for:Applying lessons from course

Overcoming challenges

Providing mutual support

Monthly meetings during first year

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 (next call in July)

FDIC organizes the calls


Alliance Member “Town Hall” calls These calls allow members to

Interact and network

Share best practices

Brainstorm solutions to challenges

Calls are quarterly (next call in July)

FDIC organizes the calls

Other FDIC Roles

FDIC website Primary point of information Member listing Upcoming trainings

Down the road: expand and update the curriculum


FDIC website Primary point of information Member listing Upcoming trainings

Down the road: expand and update the curriculum

Getting Started

Order the CDSpeak to us about joining the TrainingAllianceProvide training to your community – byyourself or in partnership with others


Order the CDSpeak to us about joining the TrainingAllianceProvide training to your community – byyourself or in partnership with others

American Dream or Nightmare

Everyone needs a Coach


Everyone needs a Coach

Learn More

MSSB Websitehttp://www.fdic.gov/consumers/consumer/moneysmart/business.html

Ordering Copies of the CD Available for free Follow the link on the website


MSSB Websitehttp://www.fdic.gov/consumers/consumer/moneysmart/business.html

Ordering Copies of the CD Available for free Follow the link on the website

Contact Info

Emerson B. HallCommunity Affairs Officer(415) [email protected]


Emerson B. HallCommunity Affairs Officer(415) [email protected]

introducing money smart for small...

Documents