Empowering Entrepreneurs: Commerce Lexington's Free Small Business Program

In the heart of Lexington, Kentucky, Commerce Lexington is taking a proactive approach to supporting aspiring entrepreneurs and existing small business owners. Through their "Money Smart for Small Business" program, they are providing a comprehensive, no-cost resource to help individuals navigate the complex journey of starting and managing a successful enterprise.

Unlocking the Potential of Entrepreneurship

Bridging the Knowledge Gap

Many individuals harbor dreams of owning their own business, but often lack the necessary knowledge and resources to turn those aspirations into reality. Commerce Lexington's "Money Smart for Small Business" program aims to address this challenge by providing a structured, six-week curriculum that covers the essential elements of starting and managing a small business. From proper planning and financing to time management and banking services, this program equips participants with the tools and insights they need to navigate the complexities of entrepreneurship.

Collaborative Approach

Developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA), the "Money Smart for Small Business" program leverages the expertise of these renowned organizations to deliver a comprehensive and authoritative curriculum. By tapping into this collaborative effort, Commerce Lexington is able to offer a robust and well-rounded program that covers a wide range of topics relevant to aspiring entrepreneurs and existing small business owners.

Experienced Instruction

The classes are led by Dale Morgan, the President and CEO of Foundation47, a respected figure in the local business community. With his extensive experience and expertise, Morgan is well-equipped to guide participants through the program, providing valuable insights and practical advice to help them overcome the challenges they may face in their entrepreneurial journeys.

Accessible and Inclusive

One of the standout features of Commerce Lexington's "Money Smart for Small Business" program is its accessibility and inclusivity. By offering the classes at no cost, the organization ensures that the program is accessible to a wide range of individuals, regardless of their financial resources. This inclusive approach aligns with Commerce Lexington's mission to support and empower entrepreneurs across the community and region.

Comprehensive Curriculum

The program's curriculum covers a diverse range of topics, providing participants with a well-rounded understanding of the essential elements of starting and managing a small business. From planning for a healthy business and exploring different business structures to understanding banking services and mastering time management, the program equips participants with the knowledge and skills they need to succeed.

Ongoing Support and Networking

Beyond the structured classes, Commerce Lexington's "Money Smart for Small Business" program also offers participants the opportunity to connect with a broader network of entrepreneurs and small business owners. This networking component can be invaluable, as it allows participants to share experiences, seek advice, and potentially collaborate on future ventures.

Empowering the Community

Tyrone Tyra, the Senior Vice President of Community & Minority Business Development at Commerce Lexington, expressed the organization's excitement about the program, stating, "We are excited to be able to continue these valuable classes at no cost to business owners and entrepreneurs across our community and region. The classes provide valuable information and resources to those who may be just embarking on their journey to start a business, as well as those who are seasoned business owners in need of a refresher."This sentiment underscores the broader impact that Commerce Lexington's "Money Smart for Small Business" program aims to have on the local community. By empowering aspiring entrepreneurs and supporting existing small business owners, the organization is contributing to the overall economic growth and vitality of the region.