Small Business Institute, SBI

Small Business Institute® National Honors Won by UCF Students in Florida SBDC at UCF Program

in ,

Florida SBDC at the University of Central Florida

March 21, 2016

FOR IMMEDIATE RELEASE

Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ucf.edu

Orlando, FL –    The Small Business Institute® (SBI®), the premier professional association of small business / entrepreneurship educators and researchers involved in student analysis projects, recently announced that two (2) student teams from the University of Central Florida’s College of Business Administration (UCF CBA) were winners in its annual Project of the Year (POY) competition, taking second place in the 2016 ‘Graduate Comprehensive’ division and Honorable Mention in the 2016  ‘Graduate Specialized’ division, respectively.

In competition with MBA teams from across the country, the UCF CBA team of students John Dovas, Kiara Dyson and Susan Gaines produced a second-place consulting project in the “Graduate Comprehensive’ category for a local company, SuperSlow Zone, Inc. The company, a professional service provider of one-on-one personal training instruction, requested the team’s assistance in an analysis of their franchises with regard to marketing and overhead.

And the team of Robert O’Dowd, Bianca Duffield Ashley Monard and Katrina Green were awarded an Honorable Mention in the ‘Graduate Specialized’ category for their consulting work for Winter Springs-based PowerGrid Engineering, LLC.  The team produced an internal stakeholder analysis, a competitive analysis of their market segment, as well as an actionable Market Intelligence report. Both teams worked with faculty advisor Dr. Carl Blencke, an instructor for the UCF CBA’s Department of Management, as part of a management class.

The Florida SBDC at UCF (FSBDC) sponsors the Small Business Institute® in Central Florida. The FSBDC, in conjunction with the UCF College of Business Administration, manages the SBI® program locally. It recruits and evaluates FSBDC clients for the program, lends FSBDC consultants as SBI® case supervisors and provides a range of guidance and support. The FSBDC is part of the UCF Office of Research & Commercialization (UCF ORC).

“Congratulations to the UCF students who won this prestigious recognition,” said Eunice Choi, Regional Director for the FSBDC at UCF. “The SBI® program is yet another avenue for the FSBDC at UCF and UCF itself to support small businesses in Central Florida while also introducing UCF students to the world of business consulting. It demonstrates UCF’s commitment to our community and to growing the local economy.”

The SBI® Program is offered as a full-semester credit course through the CBA’s Management Department. During the semester, the student teams oversaw and implemented extensive research and analysis to determine industry best practices; met regularly to understand company processes and procedures; and performed wide-ranging analysis of business and industry strategies and performance. As a result of their efforts, the students were able to provide a comprehensive analysis and set of recommendations.

SBI® is a nation‐wide program that provides high‐quality business assistance to companies in need while providing an extraordinary opportunity for university students to learn through field case studies. Each project is led and conducted by a group of students under the supervision of an SBI® Director or faculty member. The experience is often cited by students as being one of the most rewarding of their academic careers. In today’s collegiate environment there is a strong emphasis on experiential learning, and the SBI® has been at the forefront of this movement for over thirty years.

At the UCF College of Business Administration, SBI® is a graduate‐level elective course. Students enrolled in the class provide management consulting services to local small businesses. Each student team has direct contact with the client and produces a professional case report. The report is the ultimate product of the program and is tailored to each business. Case study reports have included market research, marketing plans, competitive analysis, advertising strategy, customer surveys, strategic plans, financial analysis, human resource manuals and business plans.

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). THE FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2014, the FSBDC at UCF served more than 8,200 entrepreneurs and small business owners through consulting and training, resulting in 12,387 Central Florida jobs created, retained or saved; $1.70 billion in sales growth; $26.1 million in capital formation; $39.7 million in government contract awards; and 105 new businesses started.

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network is hosted by the University of West Florida and is nationally accredited by the Association of SBDCs. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

In 2014, the Florida SBDCs served almost 30,000 entrepreneurs and small business owners through consulting and training, resulting in 42,644 jobs created, retained or saved; $5.8 billion in sales growth; $142.5 million in capital accessed; $210.2 million in government contract awards; and 486 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862
sbdc@ucf.edu | www.sbdcorlando.com

Elegance by EV, FSBDC at UCF

ELEGANCE by EV Launches with Assistance from FSBDC at UCF in Kissimmee

in ,

What Started as Online Jewelry Concept Evolves into Woman’s Fashion Boutique

Mar 14, 2016

FOR IMMEDIATE RELEASE

Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ucf.edu

Orlando, FL –    Entrepreneurs often don’t end up where they expected to.  Often the original plan evolves and the business they thought they were inventing transforms into something different. That was the case for Evie and Jack Valerio; what started as a hobby has evolved into a full-scale business, and they couldn’t be happier and more excited about their future.

Evie is an artist. She creates amazing polymer clay jewelry. She started crafting necklaces and other pieces in her home. And then she claimed the spare bedroom and an artist’s studio was born. While friends and relatives craved her work and eagerly purchased her creations, over time they grew in number and she began to consider how to make her jewelry available to a larger audience.

The original idea was to launch an online business. That evolved into a desire to “take the show on the road” and sell at craft fairs once a month. Then the idea of a retail store popped up. The evolution of the business from part-time, online venture to a full-blown retail store was moving very fast, in fact a little too fast for her husband Jack’s comfort.

Jack will be the first one to tell you he is a very cautious person. He makes sure to do as much research as he can before he moves ahead with something, especially something as massive as opening a retail store. In this case, he started out by asking around to see where he could get help. As a career school administrator, he felt out of his element in the world of business and wanted to find professionals who had been successful owning and running a retail store.

Initially, Jack turned to the Kissimmee/Osceola County Chamber of Commerce, his local chamber, where he found valuable resources. Perhaps most valuable, however, was their referral of Evie and Jack to the Florida SBDC at UCF office in Kissimmee.

At the FSBDC, they found business training and no-cost, confidential, expert, one-on-one consulting assistance. They learned the mechanics of starting a business, how to write a business plan, the basics of bookkeeping and more. Chuck Wheeler, an FSBDC consultant based in the Kissimmee office, worked with them, answered Jack’s questions and helped guide them through the steps to opening their business.

And open a business they did, just nine months after starting with the FSBDC. ELEGANCE by EV, a charming boutique featuring women’s fashions and accessories and, of course, Evie’s wonderful jewelry, launched at the beginning of 2016 in Historic Cocoa Village, one of Cocoa Beach’s most popular destinations. They are off to a good start and Evie is already planning the expansion of their business.

“My advice to other entrepreneurs is to use the FSBDC and all the consulting and training they offer,” says Evie. ”It’s invaluable. And do it first, before you jump into being in business.” “Don’t wait until you have problems,” continued Jack. “Do a pre-emptive strike and learn from the FSBDC before the challenges of running a business come at you.”

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). THE FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2014, the FSBDC at UCF served more than 8,200 entrepreneurs and small business owners through consulting and training, resulting in 12,387 Central Florida jobs created, retained or saved; $1.70 billion in sales growth; $26.1 million in capital formation; $39.7 million in government contract awards; and 105 new businesses started.

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network is hosted by the University of West Florida and is nationally accredited by the Association of SBDCs. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

In 2014, the Florida SBDCs served almost 30,000 entrepreneurs and small business owners through consulting and training, resulting in 42,644 jobs created, retained or saved; $5.8 billion in sales growth; $142.5 million in capital accessed; $210.2 million in government contract awards; and 486 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862
sbdc@ucf.edu | www.sbdcorlando.com

 

FSBDC at UCF, Orlando, Business Consulting

FSBDC at UCF Consultants Earn Economic Development Certification

in ,

Adds to Capabilities to Help Business Grow and Succeed.

March 8, 2016

FOR IMMEDIATE RELEASE

Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ucf.edu

Orlando –  On January 29, 2016 , Hunt Dawkins, Associate Director, and Rafael E.M. Pratts, Area Manager for Kissimmee/Osceola County, both consultants at the Florida SBDC at UCF, received certification as Economic Development Finance Professionals with emphasis in Business Credit Analysis (EDFP-BCA) from the National Development Council (NDC).

The EDFP-BCA Certification is a designation given to individuals who successfully pass a comprehensive written examination after completing an intensive economic development finance training series that is conducted by the National Development Council (NDC).  The courses provide individuals working in the field of economic development with training in credit analysis, loan packaging, deal structuring and negotiating and the creation and implementation of development programs.

Dawkins and Pratts are consultants at the FSBDC, working with clients daily to help their businesses grow and succeed. This certification augments their already rich business knowledge and experience, and will be invaluable as they assist Central Florida entrepreneurs and business owners who are working to build and grow their businesses.

Hunt Dawkins joined the FSBDC at UCF as the Associate Director in 2013 after a 30 year career in commercial banking where he gained extensive experience in business lending, sales leadership, training, human resources and operations. He has specialized in retail, commercial and small business development and client relationship management most recently at Hancock Bank as Senior Vice President, Regional Retail Banking Manager. Prior to that, he was Executive Vice President, Regional Retail Banking Executive at Colonial Bank where directed regional and retail banking initiatives, including business banking, across 11 counties and 62 branch locations in Central Florida. He also held executive commercial lending positions at Suntrust Bank and Southtrust Bank. Hunt earned a BS in Business Administration from the University of Central Florida and is an alumnus of the Graduate School of Banking of the South at Louisiana State University.  Hunt has actively served his community through organizations such as Rotary, The Foundation for Seminole County Public Schools, Heart of Florida United Way, Boys & Girls Clubs of Seminole County, and Leadership Seminole.

Mr. Pratts joined the FSBDC at UCF after an extensive career in business-to-business marketing management, business analysis and development, digital marketing, market research, marketing strategy, and international business, most recently served as a marketing executive at Control Micro Systems in Winter Park, FL. In addition, he has been an educator and course director at Full Sail University and a member of the adjunct business faculty at Polytechnic University specializing in information technology and management.  Pratts earned a BBA in International Business from Florida International University and a MBA in Marketing from Regent University.  He holds additional professional certifications: Certified Global Business Professional (CGBP) and Certified Business Consutlant.  Lastly, he is a proud U.S. Marine Corps veteran and recipient of the Good Conduct and National Defense Service Medals.

The New York based National Development Council was established in 1972 and is a private non-profit corporation, which specializes, in economic/housing development training and technical assistance for economic/housing development.  NDC has provided training to approximately 50,000 development people working in the field of economic and housing development.  Participants come from many diverse groups:  city and state governments, public agencies, community-based organizations, professional organizations, bankers, etc.

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). THE FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2014, the FSBDC at UCF served more than 8,200 entrepreneurs and small business owners through consulting and training, resulting in 12,387 Central Florida jobs created, retained or saved; $1.70 billion in sales growth; $26.1 million in capital formation; $39.7 million in government contract awards; and 105 new businesses started.

 

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network is hosted by the University of West Florida and is nationally accredited by the Association of SBDCs. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

In 2014, the Florida SBDCs served almost 30,000 entrepreneurs and small business owners through consulting and training, resulting in 42,644 jobs created, retained or saved; $5.8 billion in sales growth; $142.5 million in capital accessed; $210.2 million in government contract awards; and 486 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862

sbdc@ucf.edu | www.sbdcorlando.com

Harvey Cohen; Cohen Grossman; Jill Kaufman; ABC; Advisory Board Council; FSBDC; UCF

Cohen Grossman Attorneys At Law

in , , ,

Law firms are more than a group of lawyers coming together to practice the law. In fact, they are businesses that face many of the same challenges as other kinds of businesses; how to manage growth, deal with human resources issues, improve financial performance, drive marketing effectiveness and much more.

Cohen Grossman Attorneys at Law is precisely that kind of law firm: a business entity comprised of a group of lawyers engaging in the practice of law. Led by founder and owner Harvey Cohen, the firm has practices across multiple legal specialties, including insurance claims, personal injury, criminal law, family law, wrongful death, renters’ rights and the list goes on.

Cohen Grossman is a successful firm and was becoming more successful every day.  And that success was demanding that more and more of Harvey Cohen’s time be spent managing the daily operations of the company. As he became more businessman than attorney, Cohen started to ask himself how he could make himself the best business owner possible.

Through networking and a friend, he was referred to the Florida SBDC at UCF and its Advisory Board Council (ABC) program. “My friend told me she’d really enjoyed her Advisory Board and that it had helped her business tremendously,” remarked Atty. Cohen. “I was intrigued and my friend put me in touch with Jill Kaufman, a consultant at the FSBDC as well as the program manager of the ABC program.

The Advisory Board Council is a no-cost board of experts providing advice and council to help businesses grow.  It acts as a matchmaker between established local businesses and area professionals who volunteer their expertise as members of an advisory board, with the volunteers selected to address the specific needs of the FSBDC client.

“Jill Kaufman put a great board together for me,” says Atty. Cohen, “and we had our first meeting in July of 2013. Since then, my Board has been an invaluable resource and gets some of the credit for our ongoing success. We’ve been growing rapidly: we have seen a 167% revenue increase from 2012 to 2015; our employee base has grown more than 160% over the period; and very recently we moved our firm into our own, 33,000 sq. ft. building.”

“For me, one of the best benefits of my ABC was that it forced me to focus time on my business. Anyone who manages a business knows how hard it is to take time away from dealing with day-to-day operations, away from working in the business,” said Atty. Cohen. “My ABC made me take the time, with their help, to evaluate myself and my performance while sharing exemplary ideas to help the firm’s business. The Board’s different perspectives and experiences contributed significantly to how I run the firm today and how I will run it even better in the future.”

“I would recommend the Advisory Board Council to everyone, and I have. It can only help you. I can’t imagine where we’d be without it,” concluded Atty. Cohen. “I think it is such a valuable resource for small businesses that I have even gone a step further and become an ABC volunteer advisor myself.”

Harvey Cohen; Cohen Grossman; Jill Kaufman; ABC; Advisory Board Council; FSBDC; UCF

Florida SBDC at UCF’s Advisory Board Council Makes Important Contribution to Growth of Cohen Grossman Attorneys at Law

in ,

Custom Selected Board of Volunteers
Make a Difference at No-Cost

Monday, February 22, 2016

FOR IMMEDIATE RELEASE

Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ucf.edu

Orlando, FL –    Law firms are more than a group of lawyers coming together to practice the law. In fact, they are businesses that face many of the same challenges as other kinds of businesses; how to manage growth, deal with human resources issues, improve financial performance, drive marketing effectiveness and more.

Cohen Grossman Attorneys at Law is precisely that kind of law firm: a business entity comprised of a group of lawyers engaging in the practice of law. Led by founder and owner Harvey Cohen, the firm has practices across multiple legal specialties, including insurance claims, personal injury, criminal law, family law, wrongful death, renters’ rights and the list goes on.

Cohen Grossman is a successful firm and was becoming more successful every day.  And that success was demanding that more and more of Harvey Cohen’s time be spent managing the daily operations of the company. As he became more businessman than attorney, Cohen started to ask himself how he could make himself the best business owner possible.

Through networking and a friend, he was referred to the Florida SBDC at UCF and its Advisory Board Council (ABC) program. “My friend told me she’d really enjoyed her Advisory Board and that it had helped her business tremendously,” remarked Atty. Cohen. “I was intrigued and my friend put me in touch with Jill Kaufman, a consultant at the FSBDC as well as the program manager of the ABC program.

The Advisory Board Council is a no-cost board of experts providing advice and council to help businesses grow.  It acts as a matchmaker between established local businesses and area professionals who volunteer their expertise as members of an advisory board, with the volunteers selected to address the specific needs of the FSBDC client.

“Jill Kaufman put a great board together for me,” says Atty. Cohen, “and we had our first meeting in July of 2013. Since then, my Board has been an invaluable resource and gets some of the credit for our ongoing success. We’ve been growing rapidly: we have seen a 167% revenue increase from 2012 to 2015; our employee base has grown more than 160% over the period; and very recently we moved our firm into our own, 33,000 sq. ft. building.”

“For me, one of the best benefits of my ABC was that it forced me to focus time on my business. Anyone who manages a business knows how hard it is to take time away from dealing with day-to-day operations, away from working in the business,” said Atty. Cohen. “My ABC made me take the time, with their help, to evaluate myself and my performance while sharing exemplary ideas to help the firm’s business. The Board’s different perspectives and experiences contributed significantly to how I run the firm today and how I will run it even better in the future.”

“I would recommend the Advisory Board Council to everyone, and I have. It can only help you. I can’t imagine where we’d be without it,” concluded Atty. Cohen. “I think it is such a valuable resource for small businesses that I have even gone a step further and become an ABC volunteer advisor myself.”

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). THE FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2014, the FSBDC at UCF served more than 8,200 entrepreneurs and small business owners through consulting and training, resulting in 12,387 Central Florida jobs created, retained or saved; $1.70 billion in sales growth; $26.1 million in capital formation; $39.7 million in government contract awards; and 105 new businesses started.

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network is hosted by the University of West Florida and is nationally accredited by the Association of SBDCs. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

In 2014, the Florida SBDCs served almost 30,000 entrepreneurs and small business owners through consulting and training, resulting in 42,644 jobs created, retained or saved; $5.8 billion in sales growth; $142.5 million in capital accessed; $210.2 million in government contract awards; and 486 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862
sbdc@ucf.edu | www.sbdcorlando.com

Jones Brothers, FSBDC, SBDC, Lake County, Tavares

Jones Brothers & Co. Air and Seaplane Adventures Growing with Assistance from FSBDC at UCF’s Lake County Office

in ,

Company Gains New Revenues, New Profits and New Ownership

February 16, 2016

FOR IMMEDIATE RELEASE

Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ucf.edu

Orlando, FL –    Tavares, Florida is called “America’s Seaplane City,” and for good reason. The city has made a significant commitment to the seaplane businesses that call the waters of Lake Dora home, including opening the Tavares Pavilion on the Lake, a magnificent wedding and conference facility, and the Tavares Seaplane Base.

Rob Galloway, owner and operator of Jones Brothers & Co. Air and Seaplane Adventures, saw opportunity in Tavares’ expanded aviation presence. Since 2010, Jones Brothers has been offering seaplane sightseeing trips of Florida and environs. More recently, it has added to its services one-way and round-trip charters, including fly-in guided fishing and hunting expeditions to the Everglades and romantic getaways to the Bahamas, as well as seaplane flight instruction and training.

When he joined Jones Brothers, Rob was its day-to-day operations manager. In that role, he often felt like he was “flying blind” because the company did not have a bone fide business plan. From his prior successful career in publishing, Rob knew a business plan would offer him important advantages in terms of process management, financial planning and growth for Jones Brothers.

At the suggestion of John Drury, City Administrator for Tavares, Rob turned to the Florida SBDC at UCF’s Lake County satellite office. There he attended training in business plan writing and took advantage of the FSBDC’s no-cost, expert, one-on-one consulting by working with Stan Austin, an FSBDC consultant and the local area manager. Together, they crafted a business plan for Jones Brothers that was actionable, measurable and information rich – just the tool Rob needed.

Over the next few years, Rob continued to call upon Stan and the FSBDC when he needed assistance, whether it was about developing marketing and growth strategies, overcoming barriers and roadblocks or identifying new revenue opportunities. The company prospered as it added services, added a new location in Mt. Dora and positioned itself to compete for government contracts.

Most recently, Rob set about to purchase Jones Brothers and become the sole owner. The FSBDC helped him update and strengthen the company’s business plan in preparation for obtaining the financing needed for the purchase. He also relied on the FSBDC’s Stan Austin to guide him about financing alternatives, business purchase best practices and negotiating strategies and tactics. All the work resulted in a very successful outcome: Rob became the sole owner and operator of Jones Brothers & Co. Air and Seaplane Adventures in December 2015.

“I can’t describe how helpful Stan and the FSBDC have been for me. I would recommend them to any business owner,” remarked Rob. “Thanks to the FSBDC, I was able to focus on what was important and make wiser decisions. And the results speak for themselves: last year Jones Brothers & Co. Air and Seaplane Adventures’ revenues grew by close to 20%, achieved its first profitable year and, on the strength of that performance, I was able to secure the financing to buy the company. Win-win-win.”

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). THE FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2014, the FSBDC at UCF served more than 8,200 entrepreneurs and small business owners through consulting and training, resulting in 12,387 Central Florida jobs created, retained or saved; $1.70 billion in sales growth; $26.1 million in capital formation; $39.7 million in government contract awards; and 105 new businesses started.

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network is hosted by the University of West Florida and is nationally accredited by the Association of SBDCs. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

In 2014, the Florida SBDCs served almost 30,000 entrepreneurs and small business owners through consulting and training, resulting in 42,644 jobs created, retained or saved; $5.8 billion in sales growth; $142.5 million in capital accessed; $210.2 million in government contract awards; and 486 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862
sbdc@ucf.edu | www.sbdcorlando.com

Wilson Equipment, FSBDC, Valerie Wilson, Hunt Dawkins

Wilson Equipment

in ,

Buying a business can be fraught with risks, even if you already work for the company. And that was the case for Valerie Wilson. She and a partner owned Wilson Equipment Etc., a company in the business of selling water filtration systems for food service equipment. The filters perform a crucial function by removing the taste and odor of chlorine from the water used by equipment like ice machines, steamers and soda systems while at the same time reducing or eliminating the amount of scale build-up inside the machines which reduces their efficiency. The partner wanted to sell her half of the company and Valerie was interested.

As she looked at purchasing the business from her partner, removing or at least minimizing the risks in buying were a top priority for Valerie.  Questions like “is it the right price?”, “are the cash flows adequate to cover a loan?”, “how do I obtain a loan?”, “am I prepared to run this business alone?” describe the risks she saw that needed answers. Fortunately, Valerie knew where to turn.

Based on her own previous experience, as well as that of her father from years ago, Valerie turned to the Florida SBDC at UCF. Initially she wanted help with producing a business plan, but then the opportunities offered by the FSBDC quickly turned her initial goal into much more. And Valerie couldn’t be happier with the outcome.

“My experience with FSBDC at UCF has been very positive on multiple fronts,” says Valerie. “My FSBDC consultant, Hunt Dawkins, was my cheerleader. He helped me determine a fair value for the company, see opportunities for growth, and find ways to make myself a better business owner. We developed strategies to make the business more profitable and put in place financial controls like budgets and forecasts that made the numbers make more sense for me.”

And the results have been extremely positive. Valerie was able to buy the company. Profits are up at Wilson Equipment Etc. and she has put the company on a consistent growth path. She has found new ways to leverage the fact that hers is a certified woman-owned business. By partnering with a much larger manufacturers rep company who could take advantage of her company’s woman-owned status and who could add her filters to a vast product list that will be put in front of customers that would probably not have found Wilson Equipment Etc otherwise, Valerie has found an important new sales channel for her products.

When asked what she would say to other entrepreneurs and business owners considering seeking assistance from the FSBDC, Valerie didn’t hold back. “The FSBDC is a great resource. Do it. Run to them,” she says. “I myself have referred people to the FSBDC and gotten nothing but great feedback. When I bought the company, my role changed from sales to business owner and it was the FSBDC gave me the business knowledge I needed and taught me how to run a successful business.”

SBA, Small Business Administration

Fostering America’s Small Employers

in ,

Release Date: December 17, 2015    Contact: Nayana Sen 904-443-1933

Release Number: NFL 16-05

 

By Cassius F. Butts, Regional Administrator

U.S. Small Business Administration

Word Count approx.: 690

The economy added 211,000 jobs in November, 2015, marking the strongest three years of job creation since 2000 with 8.1 million jobs added. Our businesses have now added 13.7 million jobs over 69 straight months, extending the longest streak on record.

These records are possible thanks to America’s small businesses. Small businesses create nearly two out of three net, new jobs and account for almost half of America’s private nonfarm GDP. Besides being the force behind our economy, they are the unique fabric of our communities.

Recently, the Ewing Marion Kauffman Foundation published a Main Street Entrepreneurship Index. It compares entrepreneurship rates among different demographic groups in all 50 states and America’s 40 largest metro hubs. If we want Main Street small businesses to flourish, we need to know where they stand. The Kauffman Index allows us to see which cities and states have fostered the right conditions for growth.

According to the Kauffman Index, small business activity is on the rise in 49 of the 50 U.S. states and 38 of the top 40 largest metropolitan areas this year. Efforts like the Kauffman Index provide a roadmap for state and local officials seeking to foster a climate for small business growth. I find this information extremely useful for our Southeastern small business communities.

Other valuable takeaways in the report:

  • In 2015, the index experienced the second-largest year-over-year growth in more than two decades;
  • Businesses owned by women, minorities, and immigrants are increasing;
  • The number of small business owners with college degrees is increasing, from 34% in 1997 to 39% today;
  • Despite the dynamic leadership potential of our Millennials and veterans, young entrepreneurs (ages 20-34) and veteran-owned firms are actually declining.

Several specific SBA initiatives target areas of concern identified by the Kauffman Index. SBA launched the My Brother’s Keeper Millennials Initiative to promote youth entrepreneurship in the nation’s underserved communities. We are partnering with community colleges to expose young people to innovative pathways to start a business, and we’re promoting a Business Smart toolkit to train nonprofits and faith-based organizations to teach financial literacy.

SBA’s Boots to Business initiative gives post-9/11 transitioning service members a tutorial on the basics of business ownership. The program is now active at more than 180 military installations worldwide and has introduced 32,000 service members and spouses to potential careers in entrepreneurship as they rejoin the civilian workforce. We also launched Boots to Business: Reboot to open up this innovative curriculum to veterans of every era.

SBA is partnering with cities on Startup in a Day to create an easy-to-use online tool that allows entrepreneurs to apply for all licenses and permits needed to start a business in less than a day.

Working with our resource partners in communities across this nation, SBA manages the world’s largest network of free small business advisers. We’ve also eliminated borrower and bank fees on small-dollar loans, so more Main Street entrepreneurs can get the working capital they need to hire and grow. Last year, SBA achieved record lending of $23.5 billion under our flagship 7(a) loan program, with loans up 18% for women, 23% for minorities, and 101% for veterans.

The North Florida District experienced an almost 40% increase in the number of loans 7(a) loans in FY2014 from 627 loans worth $344 million to 877 loans worth $420 million FY2015. The district increased lending for Veterans from FY2014 to FY2015 by 122%, from $16 million to $37 million. The increase is attributed to the Veterans Advantage Initiative, which reduced all upfront fees to zero for veterans on loans up to $350,000 in FY2015. The initiative will continue in FY2016 for loans under $150,000 and will be reduced by 50% for loans greater than that.

Helping more Americans start and grow Main Street businesses is a core mission of the SBA. We hope you reach out to jumpstart and scale up your small business. Check out sba.gov/local for your nearest SBA local office.

Grassroots Interactive, FSBDC, SBDC, Daytona State College

GrassRoots Interactive Center Introduces Unique Extra-Curricular Activity for Children in Ormond Beach

in ,

Florida SBDC at Daytona State College Assists Founders

December 1, 2015

FOR IMMEDIATE RELEASE

Contact: Art Zimmet, Consultant, FSBDC at Daytona State College, 386-506-3252 or zimmeta@daytonastate.edu

Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ ucf.edu

Orlando – When the founders of GrassRoots Interactive Center, Rebecca Railsback and Amy Annon, decided to start their business, they had a clear vision of what they wanted it to be: all about their customers. But they knew they needed to translate that vision into a business plan. With both having parents and spouses who are Ormond Beach entrepreneurs and business owners themselves, Amy and Rebecca knew how important a business plan is to the success of a new company.

GrassRoots Interactive Center is a place where parents, grandparents and care givers can bring their child or children, ages 1 – 5, to interact, socialize, play, learn and relate. The magic in GrassRoots – and what makes it a cut above daycare or pre-school – is that the adults stays at the Center with their child. Along with bonding with their child, these parents and care givers have the opportunity to connect with and gain the support of those are who are in the same child care role they are.

Rebecca and Amy believed this business model was a winning proposition when they wrote their business plan but wanted professional input and confirmation. And that’s when they turned to the Florida SBDC at UCF’s Daytona State College sub-center for help. They had previously taken advantage of the business training workshops offered by the FSBDC and now wanted to benefit from the no-cost, expert consulting services it offered.

The consulting provided by the FSBDC at Daytona State College went beyond vetting the business plan. Their FSBDC consultant, Art Zimmet, came to the GrassRoots location and coached, guided and mentored Rebecca and Amy through a constructive and informative process to build their marketing plan. “Working with the FSBDC has been great,” remarked Rebecca. “Art has been such an asset. There are so many things he opened our eyes to and helped us with. There is so much about marketing we wouldn’t have known without his help,” she finished.

Over the course of the consulting engagement, the FSBDC aided GrassRoots in multiple ways. Art helped Amy and Rebecca adjust their business when, as is always the case, day-to-day operations turned out to be different than what they’d thought it would be in their business plan. He provided them with information and guidance and, most important, the confidence to overcome their doubts and make hard decisions, including moving to a membership business model that’s sent revenues up 470% and strengthened their relationship with their customers and children. He guided Rebecca and Amy in identifying the core value that GrassRoots offered its customers:  beyond the wonderful parent-child bonding the Center facilitates, a more important role it plays is to give parents and care givers a break, enable them to connect with other parents and get the support of those in a similar situation.

Today, GrassRoots Interactive Center is an Ormond Beach and small business success story. Membership numbers are healthy, classes are well attended and special events like birthday parties are adding to revenues almost every month. And the community is better served by the addition of a center offering unique extra-curricular activities for children.

“The FSBDC is the best hidden secret in town for small business,” commented Amy. “I can’t stress enough how valuable their help is. And all at a great price: nothing! It’s really the right first step for someone wanting to open a business, and even for existing business owners, to get them on a pathway to success.”

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). THE FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2014, the FSBDC at UCF served more than 8,200 entrepreneurs and small business owners through consulting and training, resulting in 12,387 Central Florida jobs created, retained or saved; $1.70 billion in sales growth; $26.1 million in capital formation; $39.7 million in government contract awards; and 105 new businesses started.

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network is hosted by the University of West Florida and is nationally accredited by the Association of SBDCs. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

In 2014, the Florida SBDCs served almost 30,000 entrepreneurs and small business owners through consulting and training, resulting in 42,644 jobs created, retained or saved; $5.8 billion in sales growth; $142.5 million in capital accessed; $210.2 million in government contract awards; and 486 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862
sbdc@ucf.edu | www.sbdcorlando.com

Wilson Equipment, FSBDC, Valerie Wilson, Hunt Dawkins

New Ownership at Ocoee’s Wilson Equipment Etc. Receives Valuable Assistance from the Florida SBDC at UCF

in ,

FSBDC Assists with Purchase and Addition of Financial Controls

November 23, 2015

FOR IMMEDIATE RELEASE

Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ucf.edu

Orlando – Buying a business can be fraught with risks, even if you already work for the company. And that was the case for Valerie Wilson. She and a partner owned Wilson Equipment Etc., a company in the business of selling water filtration systems for food service equipment. The filters perform a crucial function by removing the taste and odor of chlorine from the water used by equipment like ice machines, steamers and soda systems while at the same time reducing or eliminating the amount of scale build-up inside the machines which reduces their efficiency. The partner wanted to sell her half of the company and Valerie was interested.

As she looked at purchasing the business from her partner, removing or at least minimizing the risks in buying were a top priority for Valerie.  Questions like “is it the right price?”, “are the cash flows adequate to cover a loan?”, “how do I obtain a loan?”, “am I prepared to run this business alone?” describe the risks she saw that needed answers. Fortunately, Valerie knew where to turn.

Based on her own previous experience, as well as that of her father from years ago, Valerie turned to the Florida SBDC at UCF. Initially she wanted help with producing a business plan, but then the opportunities offered by the FSBDC quickly turned her initial goal into much more. And Valerie couldn’t be happier with the outcome.

“My experience with FSBDC at UCF has been very positive on multiple fronts,” says Valerie. “My FSBDC consultant, Hunt Dawkins, was my cheerleader. He helped me determine a fair value for the company, see opportunities for growth, and find ways to make myself a better business owner. We developed strategies to make the business more profitable and put in place financial controls like budgets and forecasts that made the numbers make more sense for me.”

And the results have been extremely positive. Valerie was able to buy the company. Profits are up at Wilson Equipment Etc. and she has put the company on a consistent growth path. She has found new ways to leverage the fact that hers is a certified woman-owned business. By partnering with a much larger manufacturers rep company who could take advantage of her company’s woman-owned status and who could add her filters to a vast product list that will be put in front of customers that would probably not have found Wilson Equipment Etc otherwise, Valerie has found an important new sales channel for her products.

When asked what she would say to other entrepreneurs and business owners considering seeking assistance from the FSBDC, Valerie didn’t hold back. “The FSBDC is a great resource. Do it. Run to them,” she says. “I myself have referred people to the FSBDC and gotten nothing but great feedback. When I bought the company, my role changed from sales to business owner and it was the FSBDC gave me the business knowledge I needed and taught me how to run a successful business.”

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). THE FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2014, the FSBDC at UCF served more than 8,200 entrepreneurs and small business owners through consulting and training, resulting in 12,387 Central Florida jobs created, retained or saved; $1.70 billion in sales growth; $26.1 million in capital formation; $39.7 million in government contract awards; and 105 new businesses started.

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network is hosted by the University of West Florida and is nationally accredited by the Association of SBDCs. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

In 2014, the Florida SBDCs served almost 30,000 entrepreneurs and small business owners through consulting and training, resulting in 42,644 jobs created, retained or saved; $5.8 billion in sales growth; $142.5 million in capital accessed; $210.2 million in government contract awards; and 486 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862
sbdc@ucf.edu | www.sbdcorlando.com