Financial Management for Entrepreneurs Curriculum Initiative
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NACCE has teamed up with Intuit to empower future entrepreneurs with the right financial management tools and skills required for long-term business success.
Sign up for our Educator Resource Hub today to gain access to easy-to-use financial management for entrepreneurs curriculum!
The curriculum includes the following twelve modules:
- Module 1 - Personal Finance
- Module 2 - Starting Your Business & Legal Structure
- Module 3 - Financial Management Overview
- Module 4 - Profit & Loss Basics
- Module 5 - Balance Sheet
- Module 6 - Cash Flow
- Module 7 - How the Financial Statements Tie Together
- Module 8 - Financial Statement Analysis - Ratio Analysis Part I
- Module 9 - Financial Statement Analysis - Ratio Analysis Part 2
- Module 10 - Budgets & Other Finance Tools
- Module 11 - Evaluating Growth & Intro to Valuing a Business
- Module 12 - Starting Your Business & Taxes
All modules are built out using the following framework:
- Description & Learning Objectives
- Reading and/or Listening Assignments
- Reading Comprehension Questions and/or Activities
- Class Discussion Questions
- Additional Resources
You can easily download the modules and upload them into your Canvas or Blackboard accounts.
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"The modules are the perfect combination of information and activities for the Entrepreneurship, Personal Finance, and Accounting courses at Fullerton College.” - Gary Graves, Professor of Business, Entrepreneurship & Creativity, Fullerton College (CA)
“The Personal Finance module was most impactful with students having their eyes opened to the impact that good credit can have on their borrowing interest rates and their ability to secure financing for any future business initiatives. - Gina Fetty, Adjunct Faculty, Accounting, Hocking College (OH)
“Students said they learned things they had never understood before.” – Holly Hanson, Director, Cumberland Business Incubator and Director, RSCC Cumberland Campus, Roane State Community College (TN)
HISTORY OF INITIATIVE
In order to empower future entrepreneurs with the right financial management tools and skills, Intuit launched the Financial Management for Entrepreneurs Curriculum Initiative in 2018-2019 targeting an initial six community colleges across the nation. Intuit partnered with NACCE as the service provider in launching a community college course pilot offering with six colleges. The pilot aimed to incorporate Intuit financial management course content in 15-20% of current business and entrepreneurship course offerings.
Dr. Andy Gold, professor at Hillsborough Community College, led the curriculum development and the following six supporting colleges tested these materials in their respective courses:
- College of DuPage (Glen Ellyn, IL)
- Housatonic Community College (Bridgeport, CT)
- Kaua’i Community College (Lihue, HI)
- Pasadena City College (Pasadena, CA)
- Pellissippi State Community College (Knoxville, TN)
- Penn Highlands Community College (Johnstown, PA)
The online course modules included the following:
- Financials 101
- Legal Business Entities
- Key Terms
- Business Budgeting
- Accounting Basics
The curriculum was redesigned, refreshed and expanded based on feedback from the pilot participants. It was re-launched in fall 2020. NACCE and Intuit continued to partner to welcome a new cohort of community colleges into Phase II.
For Phase II of this pilot, eleven additional pilot schools were chosen through a Request for Applications (RFA) process to test the online modular curriculum in their courses. Our objectives with participating community colleges were to commit to incorporate at least four out of the twelve online modules of the Financial Management for Entrepreneurs Curriculum in existing for-credit courses, increase knowledge, understanding and usage of Intuit products for community college educators and students, and create a cohort of community college educators that provide feedback and survey results to help refine and ready the curriculum for a 2021 full membership launch.
Data points measured included total enrollment numbers, pre and posttests, satisfaction surveys, and future course offerings. The following schools participated in Phase II:
- Algonquin College (Ottawa, Canada)
- Lead Instructor: Naina Kansal, Associate Manager, Innovation & Entrepreneurship Centre
- Lead Instructor: Dr. R. Shane Snipes, Assistant Professor, Business Management
- Lead Instructor: Michelle R. Konen, Faculty, Business Administration and Entrepreneurship
- Lead Instructor: Vivian Faustino, Faculty and Program Lead, Center for Entrepreneurship & Innovation
- Lead Instructor: Neil Higgins, Business Faculty
- Lead Instructor: Linda Tran, Adjunct Professor of Business
- Lead Instructor: Gary Graves, Professor of Business, Entrepreneurship & Creativity
- Lead Instructor: Andrey Chan, Entrepreneurship Instructor and Internship Coordinator
- Lead Instructor: Gina Fetty, Adjunct Faculty, Accounting
- Lead Instructor: Tom Ledbetter, Vice Provost for Entrepreneurship and Educational Support
- Lead Instructor: Holly Hanson, Director, Cumberland Business Incubator and Director, RSCC Cumberland Campus
In fall 2021, we launched an Educator Resource Hub for all NACCE members to be able to use this curriculum and additional resources. We look forward to growing this community of educators to share best practices and learn from one another, and ultimately help empower future entrepreneurs with the right financial management tools and skills required for long-term business success