REAP WBC Receives a WealthSpring Grant
Funds will be used to develop a “Bookkeeping Basics for Business Success” curriculum
The REAP Women’s Business Center is pleased to announce that we have received a $1,500 grant to assist in development of a “Bookkeeping Basics for Business Success” curriculum. This grant was provided by The WealthSpring Fund, an affiliated fund of the Nebraska Community Foundation.
WealthSpring is a statewide fund dedicated to the economic self-sufficiency of women and their families. This fund focuses on the issues of entrepreneurial training, banking skills, budget and financial management, financial literacy, education and training needed for employment or advancement, and work-related child care needs. This funding was provided by the Cooper Foundation of Lincoln.
Bookkeeping assistance is one of the most requested trainings with REAP WBC surveys. Correctly learning to set up the business owners’ books is critical to the success of the business. This project will further the work of the WealthSpring Fund by offering a needed entrepreneurial training that will facilitate the success of women business owners.
REAP WBC is approved as a Women and Company Equity Fund Awardee (funded by Citigroup Foundation). The target group for that award is low to moderate-income women business owners. Matching funds for this WealthSpring application will come from the Women and Company grant.
REAP Staff will collaborate with Connie Harvey, owner of Efficiency Counts in Hastings, Nebraska, who will be the primary developer of the new curriculum. While working as a teller at a local bank, Connie Harvey became concerned about frequent problems she saw small businesses having in managing their finances.
The problem often was not a lack of expertise or enthusiasm about the work of the business, but ineffectiveness in keeping track of customers, inventory, transactions, bills, bank accounts, etc. So while getting her degree at McCook Community College (an AA in Business with an Accounting Emphasis), Connie took an entrepreneurship class and drew up a business plan for a small business aimed at helping other small businesses succeed. That was the origin of Efficiency Counts.
Connie also taught two bookkeeping sessions at the Center for Rural Affairs’ MarketPlace: Opening Doors to Success small business conference in Kearney last year. You can read more about MarketPlace 2008 and Connie
elsewhere in this newsletter.