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Helping Aspiring Entrepreneurs Understand the Financial Responsibilities of Starting and Managing a Business
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Small Business and Entrepreneurship
The FIS Financial Literacy Program for Small Businesses and Aspiring Entrepreneurs program is designed for new or operating small business owners —with or without formal business training— to provide a practical introduction to aspects of starting and managing a business.
This program has:
Information that’s updated, relevant, and informed by research
An emphasis on real-life skills and choices
Realistic scenarios
An expanded array of practical tools and resources
Key takeaways
Lessons
Lesson Number |
Lesson Name |
Estimated Time |
Focus Area(s) |
|---|---|---|---|
1 |
Banking |
1 Hour |
Overview of business banking services. |
2 |
Business Credit Reports and Credit Reporting |
1 Hour |
Business credit reporting, major players in business reporting, and business credit scores. |
3 |
Financial Management |
1 Hour |
Designed to help participants to understand how financial management can benefit their business. |
4 |
Insurance |
30 Minutes |
Identify the types of insurance required by a small business and explain why insurance is important for a small business. |
5 |
Organizational Business Types |
30 Minutes |
Identify general characteristics, advantages, and disadvantages of different org and business types for small businesses |
6 |
Recordkeeping |
30 Minutes |
Identify record keeping practices, rules, and tools which are commonly available to a small business. |
7 |
Risk Management |
1 Hour |
Identify the common risks associated with a small business, as well identify the external and internal factors which affect risk for a small business. |
8 |
Tax Planning and Reporting |
1 Hour |
Identify the federal, state, and local tax requirements of a small business and its owner, and to establish a plan to account and pay for taxes. |
9 |
Time Management |
30 Minutes |
Provides an overview of time management and is designed to help participants to understand how time management can benefit their business. |
10 |
Selling Your Business and Succession Planning |
30 Minutes |
Provides an overview of selling small business and succession planning and is designed to help participants to understand how selling a business can benefit their business. |
Advancing Communities With Financial Literacy
