Affordable Education in Central Florida

  1. Affordable Education in Central Florida

    Affordable Bachelor Degrees are now available in Central Florida

    Nursing and Business minded students in Central Florida now have the option to earn an affordable Bachelor’s Degree. On July 17th, 2017 the State Board of Education approved the following two bachelor degree programs; BAS in Supervision and Management and a BS in Nursing to be offered across four Central Florida State colleges, allowing them to provide affordable degrees with great employment opportunities and expanding horizons.

    The four colleges; Valencia College, Seminole State College, Lake Sumter State College, and Eastern Florida State College worked collaboratively with Orlando Health, Florida Hospital, and the University of Central Florida (UCF) to develop a curriculum and a 4 year college experience that would have a total cost to the student of only $10,000 – This met Governor Rick Scott’s goal that Florida Colleges develop affordable 4 year curriculums. The introduction of the two degrees are targeted to begin in Spring 2018.

    Grennan Fender’s Sr. Vice President in Marketing and Strategic Consulting, Geoffrey Gallo, accompanied Valencia College leadership on the successful trip to the state capital. Gallo represented the Central Florida business community and advocated for the positive impact that the Supervision and Management program would have on privately owned businesses and their ever increasing need for qualified talent. Gallo is a leader of the CEO Leadership Forums, a group of 20 close-knit Professional Services firms, whose purpose is to deliver practical education to Florida Business Owners and deliver scholarships to deserving students of Valencia’s new 4 year business degree program. It is anticipated that 40 scholarships may be delivered to inaugural students of the new BAS Supervision and Management degree at Valencia. Some of these students may also qualify for part-time jobs made available through the interaction of business owners with students attending the college. According to Gallo “The new program not only opens a whole new window of affordability to potential students who could not otherwise afford a 4 year degree at other universities, but it also gives skilled technicians in the local workforce the ability to remain on the job while furthering an advanced education in business”.

    Currently there is a major shortage of qualified managers and supervisors with the necessary credentials to lead businesses through complex tasks, so this state approval should result in seeing some significant effects on the Central Florida community. It is a wonderful opportunity for bot the “up and coming” students and the area’s businesses alike.

     

    Inside the court room during the hearing.

    Grennan Fender Hess & Poparad, LLP is a full service accounting and assurance firm that provides a wide array of services to our clients, including tax, audit, consulting, and tax planning for both individuals and businesses. We know that the needs and demands of our clients are ever-changing and we pride ourselves on our ability to meet their needs by our continual educational training and technological development.

     


  2. Exit Planning Strategies

     

    Exit Planning for Business Owners: 3 Important Things to Consider.

    The time has come; baby boomers are reaching the finish line of their professional careers and conversations are starting about their exit plans and assurance of financial security in their post-exit lives. The mass departure of these business owners could trigger the largest transfer of wealth seen in history and according to the Business Enterprise Institute approximately fifteen percent of business owners have actually talked to an advisor about their exit plans.

    Here are 3 important things to consider when planning your exit:

    1. Goals: When you can establish why you want to exit the business, whether it is retirement, time with family, to travel, or to start a new business, you will uncover how you can get to that point. Setting goals provides owners with a reason to pursue their exit planning path, and it takes a way the anxiety of that path by approaching each step of the plan systematically. With the ability to track where in the exit planning process they are, they’re able to refocus on approaching step, address any conflicts, and improve the probability of a successful exit.

    2. Determine the asset gap: It is so important for business owners to determine the difference between the resources they have today and the resources they will need to achieve their financial-security goal. Analyzing this gap and having an accurate assessment of how close they are to achieving their exit goals, gives owners the framework to execute strategies to close this gap. A survey report conducted by BEI in 2016, stated that “Owners often need to dedicate 5-10 years to exit planning if they want to exit their businesses with financial security.” To get a free copy of the report, simply fill out our white paper request form now.

    3. Get an advisor(s): All business owners will one day exit their business, and who they call upon for help will determine the success of that transition. Seeking advice from somebody that they consider to have training or expertise in exit planning is so important. They can help them to set goals, determine the asset gap, and increase the business value and cash flow. Among the various professionals providing advisory services which support the exit planning process include:

    o Business Attorneys who can design and execute buy-sell agreements, key-employee incentive agreements, and renegotiation of long-term contracts and leases for the company.
    o CPAs who provide income tax planning, cash flow forecasting, budgeting, financing, business valuations, and consulting.
    o Estate Planners who calculate and project the value of a company at the owner’s exit date and help develop ways to mitigate exposure to estate taxes and accomplish the owner’s legacy objectives.
    o Financial & Insurance Planners who create financial plans for owners as well as deliver advice on investing non-business assets to support an owner’s income and departure date goals.

    If you’re interested in consulting with an expert in business exit strategies, contact us online now or call us at (407) 896-4931 to discuss how we can help you. Grennan Fender Hess & Poparad, LLP is a full service accounting and assurance firm that provides a wide array of services to our clients, including tax, audit, consulting, and tax planning for both individuals and businesses. We know that the needs and demands of our clients are ever-changing and we pride ourselves on our ability to meet their needs by our continual educational training and technological development.