{"id":30146,"date":"2018-03-21T10:19:11","date_gmt":"2018-03-21T14:19:11","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=30146"},"modified":"2018-03-29T14:39:17","modified_gmt":"2018-03-29T18:39:17","slug":"jpmorgan-chase-teams-with-fiu-to-develop-program-for-spanish-speaking-entrepreneurs","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2018\/03\/jpmorgan-chase-teams-with-fiu-to-develop-program-for-spanish-speaking-entrepreneurs\/","title":{"rendered":"JPMorgan Chase teams with FIU to develop program for Spanish-speaking entrepreneurs."},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30151\" src=\"https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2018\/03\/FIU-free-online-accounting-and-bookkeeping-course-compressor.jpg\" alt=\"JPMorgan Chase teams with FIU to develop program for Spanish-speaking entrepreneurs.\" width=\"1000\" height=\"609\" srcset=\"https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2018\/03\/FIU-free-online-accounting-and-bookkeeping-course-compressor.jpg 1000w, https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2018\/03\/FIU-free-online-accounting-and-bookkeeping-course-compressor-300x183.jpg 300w, https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2018\/03\/FIU-free-online-accounting-and-bookkeeping-course-compressor-230x140.jpg 230w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>Small-business owners, often challenged by language as well as a lack of financial expertise, will now have hands-on help from a partnership between JPMorgan Chase &amp; Co and the Florida SBDC at FIU.<\/p>\n<p>JPMorgan Chase awarded the center a $140,000 grant to develop \u201c<a href=\"https:\/\/business.fiu.edu\/centers\/sbdc\/espanol\/hacia-ganancia.cfm\" target=\"_blank\" rel=\"noopener\">Hacia Ganancia<\/a>\u201d \u2013 a free online accounting and bookkeeping course for Spanish-speaking small-business owners. The program officially launches March 19<sup>th<\/sup> and is being offered as a pilot program in South Florida.<\/p>\n<p>\u201cIt makes smart economic sense to invest in small businesses and it\u2019s the right thing to do to support job creation, stronger neighborhoods and paths out of poverty for more people,\u201d said Carlos Alzate, head of Chase for Business in Miami-Dade County. \u201cWe\u2019ve seen an increased need for training and resources so businesses can get what they need to grow.\u201d<\/p>\n<p>\u201cHacia Ganancia\u201d is free for owners of businesses registered with the Florida SBDC at FIU, the small business development center at Florida International University\u2019s College of Business.<\/p>\n<p>The program was developed by Florida SBDC at FIU using a training methodology developed by Alfredo Lacayo Evertsz, one of the group\u2019s consultants and founder of Qbit Solutions Research Team. Lacayo will be on hand to offer personalized guidance to the students, helping them apply course lessons to their businesses.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/3LAhT7NNlxs?rel=0\" width=\"100%\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" data-mce-type=\"bookmark\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p>\u201cInstead of having to learn thousands of pages of information, it\u2019s now all in a single diagram,\u201d said Lacayo. \u201cThis vast reduction in complexity allows business owners to learn in less than 24 hours what would normally take at least 1 year.\u201d<\/p>\n<p><em>New technology makes learning easier.<\/em><\/p>\n<p>A self-paced course, \u201cHacia Ganancia\u201d takes a visual approach to help small-business owners understand most of the financial transactions that takes place at their business. The teaching method includes a game board as well as a series of videos.<\/p>\n<p>\u201cHacia Ganancia\u201d also incorporates finance topics, particularly the working capital cycle, current ratio, ROI, debt-to-equity, the break-even prediction tool, and free cash flow. The goal, noted Lacayo, is to teach entrepreneurs to test the \u201cbankability\u201d of their business and discover profit and cashflow leaks.<\/p>\n<p>\u201cAfter completing the course, business owners will be able to have a natural conversation with their accountants, evaluate their performance and make decisions based on information they understand,\u201d Lacayo added.<\/p>\n<p>The Florida SBDC at FIU will track the impact \u201cHacia Ganancia\u201d has on businesses, examining if the program helped improve the finances of the businesses whose owners took the course; whether it helped them access capital as well as increases to the company\u2019s profit and revenue.<\/p>\n<p>\u201cIf all goes well, there is the possibility that the program could go national, and be introduced in other U.S. metropolitan areas that have a high concentration of Hispanic business owners,\u201d said Jacqueline Bueno Sousa, regional director of the Florida SBDC at FIU.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small-business owners, often challenged by language as well as a lack of financial expertise, will now have hands-on help from a partnership between JPMorgan Chase &amp; Co and the Florida SBDC at FIU. JPMorgan Chase awarded the center a $140,000 grant to develop \u201cHacia Ganancia\u201d \u2013 a free online accounting and bookkeeping course for Spanish-speaking [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":30150,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10],"tags":[4282,4283,3121,4284,3530],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/30146"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=30146"}],"version-history":[{"count":5,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/30146\/revisions"}],"predecessor-version":[{"id":30187,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/30146\/revisions\/30187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media\/30150"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=30146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=30146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=30146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}