The Importance of Financial Readiness During COVID-19

“Financial readiness” for businesses is more important than ever during COVID-19. As we continue to provide pandemic assistance, we notice that some business owners have been unable to apply for the SBA Economic Injury Disaster Loan (EIDL) or the Paycheck Protection Loan because their financial records and books are not in order. Shelly Gross Wade, the President & CEO of FSC, first a Prince George’s County financial services corporation and now an SBA Funds Administrator, states, “Business owners need to take the time to devise a turnaround plan for sustainability. Re-evaluate their customers’ needs, update their corporate documents, automate their financial records, and by all means maintain a good credit score. How business is done in the future will be dramatically different. After Covid-19, everything must change!” To prepare, here are financial readiness tips for current business owners and anyone considering starting a business: Build a relationship with a reputable…

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Bookkeeping for Small Business Owners – Frederick County

  Accurate financials in your business is critical. This workshop, led by a financial professional, will address the basics of managing your books, common mistakes business owners make, and how to understand your financial reports. Learn how to assess components of your business financials from organization, to budget, to financial maintenance. *Target Audience: Start-Up   Note Our Policies: No refunds issued for workshops not attended. Walk-ins are not permitted in our Frederick county office. You must register through the link above so that we can save a place for you in the workshop. Inclement Weather: MWBC Frederick County follows Frederick County government closings. Delays are assessed on a case-by-case basis and a final decision will be communicated to attendees no later than 2 hours in advance of the course.

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