Budgeting, saving, borrowing, investing, and bookkeeping are all crucial to the financial success of any business.
That’s why Financial Literacy Month is a perfect time to brush up on the basics of keeping business finances in order. Here are some helpful resources to help business owners boost financial literacy.
- Small Business Development Centers (SBDC). SBA partners with nearly 1,000 SBDCs across the country to deliver personalized business advising and technical assistance. SBDCs provide counseling and training about capital access, financial management, and more.
- SCORE business mentors. As the nation’s largest network of volunteer business mentors, SCORE offers free, customized advice to entrepreneurs across America about financing and other important topics.
- SBA Business Guide. To help you succeed at every phase of, SBA created a free business guide. Learn about balance sheets, cost-benefit analyses, accounting methods of and much more.
- MySBA Learning. The SBA’s free learning platform helps small business owners learn at their pace and on their own time. MySBA Learning is divided into major topics called Journeys. Within each Journey, entrepreneurs can find Excursions with the tools they need to master a topic. Journey 4: Your Business Financial Strategy, for example, will help you hone your skills using financial data and projections.
Register for financial literacy events near you to learn about basic financial terminology, financial management, cash flow, and more! Connect with local district offices and resource partners for more business assistance near you.