Let the SBA Help You Better Understand Your Finances

By U.S. Small Business Administration
Published on March 28, 2023

It’s been nearly 20 years since Congress established Financial Literacy Month, and in that time, April has served as an annual reminder of the importance of understanding finances. Having a working knowledge of budgeting, saving, earning, borrowing, and investing is essential for individuals, and it’s even more vital for entrepreneurs. On top of all the other hats they wear, small business owners should know their way around bookkeeping, taxes, projections, and other financial aspects. And while the majority of Americans are considered financially literate, a substantial minority — 36% are not. That’s according to a recent report by Ipsos.

Among its many objectives, the SBA strives to increase the financial literacy of small business owners across the U.S. through a number of programs and resources.

SBA Resource Partners

Local business advisers can provide insight in many areas, including finances. From workshops and online trainings to one-on-one sessions, SBA resource partners are there for small business owners with a variety of low- or no-cost services. A SCORE mentor, for example, can walk you through budgeting basics. Your local Small Business Development Center can help you access capital and more. If you’re a veteran interested in started or growing your business, a Veterans Business Outreach Center can assist you with your financial plan, among other things. For women entrepreneurs, Women’s Business Centers are your go-to for help in managing your finances…[MORE]

+

To read the entire article on the U.S. Small Business Administration website, visit: Let the SBA Help You Better Understand Your Finances