SBDC Southern Maryland - Friday's FAQ 
Serving Calvert, Charles and St. Mary's Counties 
Visit us online!                Tel:   301.934.7583
May 5 , 2017
The Right Stuff

Goal setting is vital for future success. Entrepreneur ArticleFor Business
L earn how to recognize opportunities. 7 Ways4 Ways
Financial literacy is a must. VideoArticleFREE Local Workshop
Inspiring creativity will build marketing skills. 12 Ways to Build Skills
Schools are wrong about FAILURE. Napoleon Hill's "Think and Grow Rich"
Effective communication improves all relationships. Entrepreneur Article
Selling is involved in every part of life. Entrepreneur ArticleForbes Article
The art of giving back creates happiness.  7 Good ReasonsImportance



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The New Stuff
HR Skills for Managers
Discover the essential skills for effective management of your human resources responsibilities. Find out how to improve interviewing techniques to hire employees with the skills to do the job and how to keep good employees. Identify the legal issues in hiring and dismissing employees and how to avoid violations. Prepare to implement management practices that will increase the value of your management team and offer employees the opportunity to expand the scope of their skills and abilities.  

SBC-6340-141425 
2 Parts: Thu | May 17 & 24 | 5:00 PM-8:00 PM
| Leonardtown
 
2 Parts: Thu | Jun 1 & 8 | 5:30 PM-8:00 PM
| Prince Frederick

SBC-6020-141412
Records Management for Small Business
Learn how to start and maintain a balanced set of books that will  sustain an IRS audit and provide you with a profit/loss statement each month. Get detailed discussion of forms of business organization and ask questions to determine which one is right for you. Other topics include:financial statements, loan packages, profit development, cash flow, tax reduction strategies, and payroll taxes. Come to the second part of this class with your questions and examples for review and resolutions, and join the group discussion to learn more about emerging business trends.
Focusing on The Right Stuff

Start Right for Success
Thu | May 25 |  5:30-7:30 PM | Prince Frederick
SBC-5000-141411 
Work with SBDC Business Consultant and other entrepreneurs from the region.
  • Evaluate your business concept; 
  • Business name selection/registration;
  • Zoning, licenses, certifications;
  • Determine the market's potential; 
  • Learn about LLC, Sole Proprietor, S-Corp how they work, financial pros and cons; 
  • Determine record keeping needs;
  • Begin a financial plan and a business plan;
  • Hiring vs Contractors;
  • So much more . . .  
Building a Successful Business Plan
Thu | May 11 | 9:00 AM-3:00 PM | Prince Frederick  
SBC-6260-141410 
This program is essential both for the start-up business owner and for the entrepreneur who is preparing to expand a successful business. SBDC Business Consultants will discuss strategic planning, marketing, administration , personnel, finance, and accounting. 

Part 1: Goals and Objectives
  • Components of a business model
  • Information & tools to prepare an effective plan/SWOT analysis
  • A clear understanding of the components of a plan
  • Class exercise: fictitious business

Part 2: Goals and  Objectives
  • Write a plan that meets your needs
  • Review of your plan
  • Effective implementation of your plan
  • We will look over various links to LOTS of resources/info during the "Part 2" of this seminar!
Avoid Costly Legal and
Financial Mistakes 
Legal and Records Management Issues, is an excellent 2-Part workshop, This is a SUPERB workshop for ALL entrepreneurs - regardless of whether you are in business or not! Insights and tips about starting businesses, businesses with multiple owners, ongoing business legalities, etc. Cost is just $80 - which covers BOTH sessions.

This is a SUPERB workshop for ALL entrepreneurs - regardless of whether you are in business or not! Insights and tips about starting businesses, businesses with multiple owners, ongoing business legalities, etc. 
Tue May 23 | 6 PM-8:30 PM | La Plata and
Wed May 31 | 6 PM-8:30 PM | La Plata
SBC-6500-141419 
The "Records Management" session scheduled for Tue, May 23rd, will be facilitated by TIFFANY DAVIS, owner of Washington Accounting Services Inc. in Waldorf. First hand insights about basic financial info, taxes, filings - and the importance of keeping proper financial records. Tiffany has facilitated this session for the So MD SBDC for the past several years. Her firm also provides services to several SBDC Clients.

The "Legal" session scheduled for Wed, May 31st, will be facilitated by DAVID MARTINEZ, an attorney with the Jenkins Law Firm in La Plata. Insights and tips about starting businesses, businesses with multiple owners, ongoing business legalities, etc. David has extensive background with a wide array of local businesses and also has handled many presentations to the Charles County Liquor Board related to liquor licenses. David has facilitated this session for the So MD SBDC for the past several years. David has also assisted numerous SBDC Clients.
More Classes in June
Financing Your Small Business 6/7/2017 Leonardtown 
QuickBooks 6/9/2017 Leonardtown 
QuickBooks Interm/Advanced 6/17/2017 La Plata 
Working With Difficult People 6/24/2017 Prince Frederick 
Buying a Franchise 6/27/2017 La Plata
Business Insurance 6/28/2017 Leonardtown
Business Risk Management 6/28/2017 Leonardtown  
The FREE Stuff
St. Mary's County
Chamber of Commerce
Annual Business Showcase
Wednesday, May 10, 2017
1:30 pm - 6:00 pm

The Showcase is open to the public and will feature up to 60 exhibitors.  There will be four free seminars, door prize drawings, and a free reception at 5:00 p.m.   More information . . .
Friday, May 12, 2017 8:00 a.m. to 3:00 p.m.
  College of Southern Maryland 
La Plata Campus
Business and Industry (BI) Building

IGNITE Charles County will bring together the region’s business resource partners under one roof so that local business owners and aspiring entrepreneurs can quickly and easily learn more about what is available and connect with the right resources.  Resource partners will be on site throughout the day.  (free)

balancelogic, a Veteran owned company, donates technology equipment to help create a new Veterans Training Center in St. Mary’s County
Balancelogic and The Southern Maryland Center for Independent Living (SMCIL) are elated to announce a partnership to create a local Veterans Training Center which will be located on premise at the SMCIL office in Mechanicsville, MD. This training center is intended to provide local Veterans with the technology tools, training, and resources, like access to job training, that can help enhance and shape their lives and futures.

A ribbon cutting ceremony will be held at the Southern Maryland Center for Independent Living Office located at 38588 Brett Way, Suite 1, Mechanicsville, MD on May 12th at 5:00 pm and is open to all who would like to visit this new local resource.                                 For Immediate Release . . . read more
Business Resource Event: "Prepare to Meet Your Lender"
Thursday, May 18, 2017
10:00AM-12:00PM
Thursday, May 18, 2017, 10:00AM-12:00PM
College of Southern Maryland Prince Frederick

This free event is geared to help you present your business idea when looking for financing. While there are many things lenders are interested in, there are a couple of key areas that you need to be prepared to share/discuss when you sit across from a lender or investor.
Maryland Small Business Development Center
University of Maryland
June 24, 2017
8:00 a.m.-2:00 p.m.
Sat, June 24, 2017, 8:00 AM – 2:00 PM EDT
Samuel Riggs IV Alumni Center
7801 Alumni Drive
College Park, MD 20742
( free)
JULY 13, 2017, ERIC FRANKLIN ENTREPRENEURIAL ACCELERATOR (EFEA) 
3RD ANNUAL  INVESTMENT MARKETPLACE & FUNDER’S LOUNGE

Existing business owners, entrepreneurs, lenders, investors and investment resource partners are invited to join us.  Businesses in need of working capital, equipment, a line of credit or other financial assistance should attend.  Lenders and investors who are interested in meeting with local and regional business owners to discuss their investment needs should attend. 

The EFEA Investment Marketplace is a unique simulated speed dating model bringing together lenders, business owners and entrepreneurs to interact, engage and explore financial investment opportunities. 

Read Success Stories from 2016 Investment Marketplace  July 14, 2016

TAKE THE NEXT STEP TO  STARTING A BUSINESS  AFTER YOUR
MILITARY SERVICE
WORKSHOP OVERVIEW 
The Two-day Transition Assistance Program (TAP) Self- Employment Intensive Training Workshop is offered in collaboration among the U.S. Small Business Administration (SBA), the Institute for Veterans and Military Families at Syracuse University (IVMF), the Department of Defense and the Department of Veterans Affairs. 

You will learn if starting a business is right for you, if your business idea is feasible and much more! 
 08:00-16:00 19-20 JUL 2017 (EST)                                                        Registration Information

Does SBDC Offer free training for Businesses?
Yes, there are many training events (3 are listed above) offered by SBDC that are free in addition to our free online training
Starting Your Business

  • Developing a Business Plan
  • Conducting a Marketing Analysis
  • Analyze your Competition
  • Targeting Your Market
  • Maintaining an Agile Company
  • Creating a Competitive Advantage
  • Creating a Strategic Plan
  • Determining Your Business Legal Structure
  • Protecting Your Business with Patents, Copyrights, and Trademarks

Foundations of Marketing

  • Pricing Products and Services
  • Building Your Brand
  • Promoting Your Business
  • Advertising Your Business
  • Building a Web Site
  • Personalization Strategies to Attract and Retain Customers
  • Identifying Your Sales Strategy

    Spanish Now Available!

      Managing Your Finances
      • Preparing a Cash Budget
      • Preparing a Balance Sheet
      • Managing Your Cash Flow
      • Running a Profitable Company
      • Creating a Profit and Loss Statement
      • Analyzing Your Financial Ratios
      • Protecting Your Business with Contracts
      • Assessing Your Company's Financial Needs
      • Partners and Investors
      • Valuing a Business
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      Ellen Flowers-Fields | Regional Director |  Email
      Lisa Creason | Program Assistant for Region |  Email    
      Bill Hitte | Business Consultant Charles County |  Email
      Kathy MacAdams  | Business Consultant  Calvert County |  Email 
      Wynne Briscoe | Business Consultant St. Mary's County |  Email
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