A new online toolkit developed jointly by the U.S. Small Business Administration (SBA) and National Association for Government Guaranteed Lenders aims to provide local community organizations with tools to guide aspiring local entrepreneurs in better understanding the building blocks of a successful business. Every entrepreneur can relate to the daunting challenges of navigating the financial, legal, marketing, and human capital aspects of starting a business while staying focused on building the business’ core product and service offerings. Recognizing these challenges, the SBA Business Smart Toolkit provides a teaching tool for local organizations seeking to empower their entrepreneurial constituents and connect entrepreneurs with the local resources and support to guide their journey.
The toolkit takes a “train-the-trainer” approach, aiming to spur community leaders into taking a proactive role in fostering local entrepreneurship. Modules included in the instructional materials include the basics of starting a business, tips for becoming credit-ready, and information on where to find additional resources and support. The SBA hopes that these tools will help the agency reach local partners, particularly in underserved communities, to ensure that budding entrepreneurs are aware of the government and private resources available to them.