The Importance of Financial Preparedness

November 8, 2023

Video Transcription

Hi, I’m Donna Bordeaux with . Financial preparedness has never been quite as important as it is right now. Many people are starting to realize the value of having a solid accountant on your side. In these times of crisis, we found that sometimes we had to apply for grants, apply for different programs. We had to have the knowledge that those programs existed so we could take advantage of them. That’s what we want to do for you. We helped make sure that all of our clients were ready and willing and able and had all the information that they needed to apply for programs like the PPP loans and EIDL grants and EIDL loans. We’re still watching state programs come about. That requires you to jump through some hoops, to apply for those grants and local issues that are coming up with, economic development boards and chambers of commerce, and different types of grants.

When you apply for these grants, there’s always a load of questions. You have to answer. Many of these now are asking a lot of financial questions. They want to know about the income change from last year to this year, so they can help you make up the difference of any revenue, losses, or net income losses that you may have incurred. They’ll want to know about specific things that happen in your business, what your staffing costs were, what your facility costs are your operating costs in an ongoing manner. If you don’t have someone helping you keep up with what these expenses are and having good, solid financial statements prepared and available at a moment’s notice, you are probably going to miss out on these things. Now, this is not just a one-time phenomenon. I think we’re going to see this continuing throughout the rest of your business life. There are going to be programs that will be modeled after the pandemic programs even going on when this is all done and gone. So if you don’t have even Dixie for, if you don’t have a good solid basis for being financially prepared, please talk to me, and let’s see what we can do to help you and make sure that you’re able to take advantage of every program that’s available to you. I’m Donna Bordeaux with

Donna Bordeaux, CPA with

Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna Bordeaux and PYOP Donna and her husband, Chad, who is also a CPA, have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help PYOP studios earn 4 times more profit than the average PYOP and are passionate about helping industries that help families build great memories.