$15 – $35

Best Financial Practices for Business Owners

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Red Brick Station

8149 Honeygo Boulevard

White Marsh, MD 21236

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Join us for this important program, where small business owners will learn about best practices to ensure that you have a great relationship with your banker. From this seminar, you will walk away with concrete tips and advice that you can begin implementing immediately in your business. The program includes:

11:30 a.m. - Registration, Networking & Lunch Buffet

12:00 p.m. - PART 1 - Best Practices for Business Finances

Ramona Johnson, Market Leader with BB&T Bank, will discuss:

Strong Business Credit - Demystified

  • Learn how credit reports are used in the underwriting of business loans
  • Apply common business practices and tools to help in proper credit reporting
  • Develop strategies to build or improve their business' credit
  • Protect yourself from credit-related scams and know what to do if your business becomes a victim
  • Learn the external and internal factors which affect rist for a small business
  • Recognize the common warning signs of risk for a small business
  • Implement, monitor and evaluate a risk management plan for your business

Managing Cash Flow - Practical Problem Solving

  • Understand the purpose of cash flow management in a small business
  • Make cash flow projections based on the cash cycle
  • Identify some ways to manage cash flow, including receivables and payables
  • Work more effectively with technical experts

Evaluating the Multitude of Banking Services - Which Ones Can Help Your Business?

  • Recognize the most common banking services for small businesses, including merchant services, payroll processing, business credit and others
  • Learn how other small business owners decide which banking services to use
  • Evaluate the applicability of each banking service to your business needs

12:30 p.m. - PART 2 - Best Practices for Personal Finances

Nick Ey, Vice President, BB&T Wealth, will discuss:

Financial Planning for Business Owners

  • Understand the planning process
  • Review strategic credit, banking, trust and estate planning, investments and risk management
  • Conduct a review of your company's business plan, succession planning and valuations
  • Assemble your team
  • Implement and monitor the plan

Jack Callanan, Mortgage Loan Officer, BB&T Home Mortgage, will discuss:

Successful Home Transitions

  • Considerations before you upsize or downsize
  • Know what lenders want
  • Determine affordability based on your stage of life
  • Learn about national and local programs to help with financing
  • Ensure a painless application process

1:00 p.m. Q&A

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Location

Red Brick Station

8149 Honeygo Boulevard

White Marsh, MD 21236

View Map

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