Financial Fitness for Your Alaskan Small Business: April is Financial Literacy Month!

April is Financial Literacy Month, and here at the Alaska SBDC, we know that strong financial skills are the backbone of any thriving small business. Whether you’re a seasoned entrepreneur or just starting your journey, mastering your financial literacy empowers you to make informed decisions, achieve your goals, and navigate any economic climate. But financial management can feel overwhelming, especially with so many moving parts. That’s where the Alaska SBDC comes in! We’re your one-stop shop for financial literacy resources and support designed for Alaskan small businesses.

This April, let’s dive into some key areas of financial fitness for your business:

1. Budgeting and Cash Flow Management

• Understanding your income and expenses is crucial for informed decision-making.
• We offer workshops and online resources to help you create a realistic budget and develop strategies to manage your cash flow effectively.
• Pro Tip: Check out our no-cost downloadable templates!

Growing your business often requires additional funding. Our advisors can help you explore financing options like loans and grants tailored to your needs. We can also guide you through the application process and connect you with lenders.

Accurate and up-to-date financial records are essential for tracking progress, filing taxes, and securing funding. We offer workshops on bookkeeping basics and can recommend bookkeeping software solutions. You can learn more at our low-fee and no-fee workshop suite.

Strong business credit opens doors to better loan terms, attracts investors, and allows you to negotiate favorable deals with vendors. You can learn how to build and maintain good business credit with our free resources and business advising support.

Beyond April: Your Year-Round Financial Partner
Financial literacy is an ongoing journey, and the Alaska SBDC is here to support you every step of the way. Throughout the year, we offer a variety of resources, including:

• No-cost workshops and webinars on financial topics relevant to Alaska businesses.
• One-on-one consultations with experienced advisors.
• A comprehensive online resource center with downloadable templates, articles, and guides.
• Access to our statewide Professional Referrals list.

Take Charge of Your Financial Future
Don’t let financial matters hold you back! This April, commit to improving your financial literacy and empowering your business to reach new heights. Contact your local Alaska SBDC center today to learn more about our financial literacy resources and how we can help your business thrive.

Ready to get started? Here are some helpful links:

• Find your local Alaska SBDC Center
• Mastering Financial Literacy: A Guide to Making Sound Financial Choices as a Business Owner (America’s SBDC)
• Money Smart for Small Business (SBA)

Let’s make April a month of financial empowerment for all Alaskan small businesses!