1Source Management Consulting LLC

Tiffany Presmy established 1Source Management Consulting LLC, a small, woman-owned business, in 2018. She used her 20 years of experience in project management to develop and start the business. Since then, her company has obtained MBE, DBE, ACDBE, WOSB, and SBR certifications. The core business of 1Source Management Consulting includes project management, business strategy development, training services, and small business certification services.

“In the beginning, getting a foothold in the industry, especially when COVID-19 hit and also when transitioning from a micro business to a small business, was challenging,” shared Tiffany. While she overcame the setbacks from the 2020 pandemic, the difficulties in building her micro-business were not over. Her challenges inspired her to join like-minded colleagues to start the Maryland Minority Business Counts (MMBC) initiative. Through her research, she learned about the state’s resources, FSC First, and other opportunities for minority-owned businesses sponsored by the State of Maryland that could help grow 1Source Management Consulting, LLC. This knowledge fueled the MMBC initiative.

For several years, the MMBC initiative has been helping small business owners connect with state and municipal contracting opportunities and identify resources for Black-owned businesses via their networking events. Elevate and Engage MBE networking events have featured prominent speakers such as Maryland Governor Wes Moore and media personalities like Megan Rivers.

1Source Management Consulting is using FSC First’s VLT Small Business Flex fund to meet this year’s business growth needs. The fund uses proceeds from video lottery terminals (slots) to assist small, minority, women, and veteran-owned businesses in targeted areas surrounding six Maryland casinos. This financial solution may be used for business acquisition and expansion, owner-occupied commercial real estate, leasehold improvements, purchase of equipment, start-up costs, working capital, and professional services, to name a few.

1Source Management Consulting has grown from a micro-business to a small business, fulfilling customers’ needs and contributing to the community with services, including the complementary MMCC initiative event. It’s undoubtedly not the end of the story for this business. Follow the link to learn more about 1Source Management Consulting.

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