In her presentation ‘Everything you Need to Know About Your Small Business,’ Myriam offered attendees a wealth of information, including providing small business resources such as Federal and New York State requirements for small businesses,
Garden City, NY (PRWEB) February 26, 2013
The event was the Chapter’s official launch meeting and featured guest speaker Myriam Bouchard from the Small Business Development Center that serves the mid-Hudson region. The expert shared her smart strategies for small businesses with the group of professional women.
“The launch meeting was originally planned for January but the snow kept everyone from getting together,” said NAPW Orange County Local Chapter President Aleen Hosdaghian.
“But our February meeting was a great launch that kick started the year and got the Orange County Chapter off to a great start!”
The Chapter President opened the meeting with a welcoming introduction and an overview of NAPW. She discussed the goals of the Orange County Chapter, which is to Learn, Network, and Grow. She then turned the meeting over to the speaker, Myriam Bouchard.
“Little did we know it was a jazz night at the restaurant!” said the President. “It added an interesting mix to our launch meeting to have a background jazz band however. With the smooth beats in the background, we learned about handling small businesses from Myriam.”
Attendees nibbled on fresh brick oven pizza while listening to how to handle time in a world where people are constantly multitasking.
“In her presentation ‘Everything you Need to Know About Your Small Business,’ Myriam offered attendees a wealth of information, including providing small business resources such as Federal and New York State requirements for small businesses,” Aleen said. “She shared success stories with the group of professional women and distributed numerous printed materials that were filled with helpful information.”
Myriam spoke about how to manage your accounting, and reviewed the ‘Six C’s of Credit:’
1. Cash-A lender will want you to put liquid cash for up to 20-25% of the project cost
2. Character- Lenders look for integrity, management capability, and perseverance
3. Capacity-The capacity to repay the loan—financials, projections, and cash flow
4. Collateral-Real estate, equipment, or assets that can be used to secure a loan
5. Credit-The personal credit report of the borrower
6. Conditions-Beyond control of the borrower (i.e., location, economy, salaries, etc.)
The guest speaker also reviewed financial statements and provided worksheets to help with P&L’s.
Myriam gave a smart overview of marketing strategies and also spoke about the benefits of setting short- and long- term goals. She explained that short-term refers to business goals in one year and long-term goals should be around five years, since it is more manageable than a ten-year goal at first.
“Everyone enjoyed Myriam’s presentation and benefited from all she had to say,” said the Chapter President.
“The group inquired about our next meeting and all were excited about moving forward with the Chapter!”
Aleen thanked all attendees for coming and reminded them to visit napw.com as well as the [Orange County Chapter Page] http://www.napw.com/chapter/369/orange-county-ny/and and the Chapter’s Facebook Page for future meetings.
The following are resources Myriam Bouchard shared with meeting attendees: Local County Clerk: 845.291.2690; NYS Dept. Taxation and Finance for Sales Tax: 518.485.2889; NYS Dept. Taxation and Finance for Income Tax: 518.457.5431; NYS Dept. Taxation and Finance for Tax Forms: 518.487.5431; US Dept. of Labor: dol.gov; NYS Dept. of Labor: labor.state.ny.us, 800.447.3992
Members who attended the meeting included: Aleen Hosdaghian, Tonya Bertrand, Michele Newcomb, Sheila White, Margaret Maher, Sosi Hosdaghian, Rosanne Osladey, Lauren McFarlane, Denise Brown, Patti Andrasak, Myriam Bouchard, and Mara Allan.
The National Association of Professional Women (NAPW) is the largest and most recognized network of female professionals. NAPW provides a forum where women can interact, exchange ideas, educate, network, and empower. NAPW Local Chapters allow members to maximize their experience through meetings, networking opportunities, and professional events.