Financial Management for Entrepreneurs Curriculum Initiative
NACCE has partnered with Intuit to empower future entrepreneurs with the right financial management tools and skills required for long-term business success.
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 has been redesigned, refreshed and expanded based on feedback from the pilot participants and will be ready to re-launch this fall 2020. NACCE and Intuit are now continuing to partner to welcome a new cohort of community colleges into Phase II.
For Phase II of this pilot, eleven additional pilot schools have been chosen through a Request for Applications (RFA) process to test the online modular curriculum in their courses. To support this phase of the initiative, Intuit will provide a $1,000 stipend for participating colleges, as well as professional development opportunities including but not limited to a full scholarship to NACCE 2020 from October 11-14, 2020 in Nashville, TN. Specific criteria will need to be met in order to get the full monetary stipend. Our objectives with participating community colleges are 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 in 10 community colleges nationwide (new colleges, not those that participated in Phase I) with the goal of empowering future entrepreneurs with the right financial management tools and skills required for long-term business success.
- One of the four required modules is the Personal Finance module.
- Increase knowledge, understanding and usage of Intuit products for community college educators and students.
- Intuit products (free for students and educators) include QuickBooks Online, Turbo Tax, Mint and more!
- Create a cohort of community college educators that provide feedback and survey results to help refine and ready the curriculum for a 2021 public launch.
Data points to measure the success of the initiative will include (but are not limited to) total enrollment numbers, pre and posttests, satisfaction surveys, and future course offerings. All participating colleges must be willing and able to provide data to NACCE at the conclusion of the pilot for evaluation purposes.
Congratulations to the following schools for being selected to participate 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