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Fundamentals of Financial Literacy for Black-Owned Businesses

This five-part financial literacy course is designed to help you gain the introductory knowledge, skills and resources necessary to effectively manage your business finances, develop growth plans, navigate the complexities of accessing capital and more.

Start with Module 1 Find a Mentor

Sponsored By

Global Atlantic
Happy black business woman standing at the door of her open business.

Financial literacy is the key that unlocks the door to economic empowerment and generational wealth.

As a Black-owned business, it is crucial to equip yourself with the financial literacy and expertise needed to overcome systemic barriers, seize opportunities and build a thriving business.

Optimizing financial literacy empowers Black-owned businesses, leading to increased financial stability, access to capital, wealth creation and resilience in the face of challenges.

Five-Part Series Online Course

Module 1

Black business owners looking at computer on a table

Introduction to Financial Management


By the end of this module, you'll be able to define financial management and other financial management terminology, describe the economic impact of Black-owned businesses in the U.S., and understand the benefits of financial management and having a SCORE mentor.

Start Module

Module 2

Black business owner writing notes on paper sitting at a table

Financial Planning


By the end of this module, you'll be able to describe financial planning terminology, how to improve your personal credit score, how to establish business credit, and understand the benefits of supplier diversity certification.

Start Module

Module 3

Black business woman typing on a computer and talking on phone.

Financial Record Keeping


By the end of this module, you'll be able to describe financial record keeping and its benefits, the types of technology used for record keeping, record keeping best practices, the purpose of a Profit & Loss (P&L), balance sheet and statement of cash flow. Start Module

Module 4

Black business owners sitting at a table shaking hands with banker

Access to Capital


By the end of this module, you'll be able to define capital and describe its benefits, describe different traditional and non-traditional funding options and describe the importance of having a banker.

Start Module

Module 5

Black business owner doing his taxes at a table

Taxation Compliance


By the end of this module, you'll be able to define taxation, describe the importance of tax compliance, identify federal, state and local taxes and describe the importance of having a tax professional. Start Module

Mentoring Support
Senior businessman meets with mentee.

Once you've completed the modules, you can work 1:1 with a mentor. 

This one-on-one interaction allows you to discuss your individual circumstances, seek clarification and receive expert guidance to support your progress toward obtaining your goals and growing your business.

Find A Mentor

Global Atlantic Logo

Global Atlantic Financial Group

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

About Global Atlantic Financial Group
CONNECT
712 H St NE PMB 98848
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Washington, DC 20002
1-800-634-0245

Copyright © 2024 SCORE Association, SCORE.org

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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