Small Business Owners Looking at Computer Screen

Helping Aspiring Entrepreneurs Understand the Financial Responsibilities of Starting and Managing a Business

 

 

Adults

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
Launch Program

 

 

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.