Tag: tag

Transfer Academy: Santa Barbara City College #tag #uc, #santa #barbara #city #college #online #college

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Transfer Academy

What is a Transfer Admission Guarantee?

Guaranteed Admission is more commonly referred to as a Transfer Admission Guarantee (TAG) program. A TAG is a contractual agreement between you, SBCC, and a four-year college or university. Students who meet and maintain stated admission and major requirements are guaranteed admission to a specific four-year college or university.

Seven UC campuses offer guaranteed admission to California community college students who meet specific requirements. By participating in a Transfer Admission Guarantee (TAG) program, you can ensure your admission to a specific campus, which offer an early review of your academic record, early admission notification, and specific guidance on major preparation and general education coursework.

The 2017-18 TAG matrix provides a list of participating campuses, eligibility criteria, and campus-specific notes.

What are the benefits of submitting a TAG?

A TAG has many benefits. Signing and meeting the conditions of the TAG will GUARANTEE an enrollment slot for the TAG admission cycle. The TAG provides prospective students with a specific plan of action to ensure they satisfy the admissions requirements. The TAG provides the participating universities with the student’s contact information and as a result, the student will have direct access to university representatives and current information about their admissions or changes they should know about. Other benefits vary, please check with the specific school.

Who is eligible to submit a TAG?

The criteria vary by four-year college or university, but in all cases, a UC TAG is available only to students transferring directly from a California Community College are considered for a TAG, including international students (those with a visa). The University of California defines a CCC transfer student as one who has completed over half of their units at a CCC. All UC TAG campuses require students to meet this definition. To be eligible, at the time of submission, students must have completed at least thirty UC-transferable units with a certain GPA as required by each campus/major.

• Students who have already earned a bachelor’s degree, graduate degree, and/or professional degree cannot participate in TAG.

• Students who have previously enrolled at a UC campus during a regular term (not including summer session) cannot submit a TAG application to return to that campus.

Transfer students do not have to participate in TAG to be considered for admission. Non- TAG students (students ineligible or fail to complete a TAG, may still be admissible to the University and will be reviewed through the general transfer admission pool) must also apply for UC admission during the appropriate application filing period

When do I submit a TAG?

1. Read TAG conditions at your preferred University to determine initial eligibility;

2. You may access the TAG application now. However submission will be accepted from September 1 – September 30, 2016;

3. Throughout the month of September, students may access our TAG kiosk to ask pertinent questions regarding the TAG. The kiosk is located in the Student Services Building lobby and manned by Transfer Counselors. Students may also attend an SBCC TAG Workshop or a ccess our online UC Admission TAG tutorial. If applying to UCSB, you may also access their online UCSB TAG Webinar. Attendance is not required, and students may submit their TAG without utilizing assistance from SBCC personnel.

TAG Tutorial Part 1

4. Obtain transcripts from ALL previous colleges/universities;

5. Log in to the online TAG application and complete the submission process by September 30th;

  • The academic history should MIRROR your transcripts, i.e. show all courses- non-transferable, D’s, F’s, W’s, repeats, etc. The application can be completed and submitted online without the assistance of a counselor

6. If you attended a TAG Workshop or utilized the online TAG tutorial, you may have your TAG application reviewed before submission. The TAG review sessions are held on Mondays, September 19, and 26 from 8:30 – noon in SS-250 as well as virtually.

7. Apply for fall 2017 admission to the UC or TAG institution during the appropriate filing period. UC Application and personal statement workshops will be held beginning in October through November.

8. Pay attention to the University admission timeline.

The deadline for submitting a TAG is generally one year in advance of the transfer term (e.g. If you are transferring in Fall 2017, you will submit a TAG this fall).

  • UC TAG deadline – September 30th
  • Private and CSU institutions have varying deadlines as outlined in their TAG agreement listed above.

TRANSFER ADMISSION GUARANTEE TIMELINE

May I submit more than one TAG?

Effective fall 2013 UC admission cycle and beyond, students can only submit one UC TAG. If applicable, students applying to a CSU and/or independent/private institution can submit a TAG for that system. It is imperative that a TAG is submitted to the UC by September 30, 2016, in order to be considered for 2017 Guaranteed Admission at one of the seven UC’s. In addition to submitting a TAG by September 30th, all students must submit a University of California Admissions Application. The CSU’s and private/independent institutions have varying TAG deadlines. Please review the individual school information as listed above and/or meet with a counselor for additional information.

What if I change my mind and decide to transfer to a different school?

TAG schools and SBCC understand that goals change. Students who submit a TAG are not obligated to transfer to the four-year college or university. Transfer students do not have to participate in TAG to be considered for admission.





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Put a price tag on your business: A guide to business valuation – Canada

#business valuation

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Put a price tag on your business: A guide to business valuation

If you want to sell all or part of your business, you need to have an idea of its value. This information will help you understand the different approaches to business valuation, but you may want to seek professional guidance and advice. Prospective investors will also assess its value when they consider your proposal.

The process of determining the value is called valuation. You and the buyer or investor need to determine what you feel is an appropriate business valuation because it will be the basis for negotiating:

  • How much of your business the investor or buyer will purchase
  • How much the buyer or investor will pay (the price of the business or of its shares)
  • The return the buyer or investor can expect to earn

Ways of valuing a business

Valuation is not an exact science, and there are different ways of valuing a business. Each of these methods is based on different assumptions and financial information, which typically results in a different value for each method. For instance, you could base a valuation on the assets of a business (how much it owns) or by taking into account projected revenues or cash flows. Investors generally prefer methods based on cash flows. It s important to know about a variety of methods because they can be useful as benchmarks to check the validity of the value and the price you determine.

Earnings and cash flow-based methods:

  • Discounted cash flow
  • Going-concern value

Discounted cash flow

From the investor s perspective, this is usually the most accurate and effective way to estimate a business value because it is based on future cash flows. These cash flow figures reflect the amount of money that is estimated to come into the business and will ultimately determine the investor s return on investment. The discounted cash flow method is used to answer three critical questions:

  • Value: How much is your business worth today, based on what it will earn in the future?
  • Rate of return: What is the buyer s or investor s expected rate of return, given the amount invested and your business financial projections?
  • Equity share: How much equity will the buyer or investor receive for their investment?

The discounted-cash-flow method is often preferred because it can be more accurate than other methods. Its accuracy and complexity are due to the fact that it:

  • Uses cash flows: It takes into account the projected ups and downs of revenue over a period of time.
  • Discounts the cash flows: It adjusts the cash flows by a rate that is acceptable to the investor to account for risk and the time the investor must wait for a return.
How it works

In this method, cash flow predictions are discounted, or reduced, to adjust for the risk the investor faces and to make up for the fact that the investor could invest their money in something else.

Investors are looking to be compensated for their risk, and their benchmark rate or “discount rate” will adjust for the value of money over time. They will choose a discount rate and compare your proposal against that rate.

Advantages and disadvantages

The discounted cash flow method allows values to be estimated even when your cash flow is fluctuating. A start-up or new venture may expect to lose money in the first years and then make money in later years. These changes in cash flow are taken into account by the discounted cash flow method.

If you use this method, keep in mind that:

  • Its accuracy depends on the accuracy of your cash flow projections. That is why your financial data and assumptions are critical.
  • It is a complex process, so you may require professional guidance.
  • It can give you detailed estimates, but it is important to remember that business valuation is not an exact science your numbers will be based on assumptions and predictions of future performance.
Value: How much is your business worth today?

Let s say financiers are considering an investment in your business, but plan to take their money out in five years. To them, your business is worth today what it can earn during those five years, plus their share of the value of the business at the end of the five years. However, future cash flow numbers and the future value of the business are unknown. The discounted cash flow method applies adjustments or “discounts” to account for those unknowns.

Using this method, the value is the total of the cash flows, adjusted or discounted, plus the value remaining (or residual value), also discounted.

Rate of return: What rate of return will the investor expect?

Investors want to calculate their rate of return. To do that they must compare the amount of the investment to the amount they will earn at the end of the investment period. But how can they know what they will earn in the future? Again, they must use the discounted cash flow projections to estimate the future value of their investment. To do so, they will need to:

  • Estimate the cash flow in the final year
  • Estimate the value of the business based on the cash flow
  • Calculate the final value of their share in the business
  • Determine their rate of return
Value, return and exit strategy

The method used to calculate values and rates of return depends on the specific exit strategy used. Commonly-used methods include going-concern value, book value, and liquidation value.

Going-concern value

The going-concern value method calculates your business value based on its capacity to produce a stream of cash flow in the future. The greater the cash flow your business generates in the future, the higher your business value today.

How it works

The going concern value, like discounted cash flow, compares the current investment to the future receipts (cash inflows). This method uses the revenues of previous years to project future revenues, and it assumes those revenues will not change.

Book Value

This value is the net worth, or shareholders equity, of your business as shown in its financial statements. At its most simplified, subtracting your liabilities from your assets will give you your business net worth or book value. Book value can be described as the historical value of an asset that, at a given time (the day it was purchased), represented the economic or market value of the asset, less its accumulated depreciation.

How it works

To determine the book value, subtract your liabilities from the value of your assets. The difference gives you your net worth or shareholders equity. In practice, book value is seldom used in the process of securing venture capital, although it can be a realistic approach to measuring a small business net worth.

Liquidation value

A liquidation value is assigned to a business being sold in order to satisfy its creditors. Tangible assets, such as land, usually have a liquidation value close to their market value. Inventories and accounts receivable, on the other hand, are usually valued at less than what is shown in the books.

How it works

To determine the liquidation value, all assets are assigned distressed values, and all debts are totalled at book value. Most assets sold under duress are discounted from their fair market value. The difference between the distressed value of the assets and the actual or book value of the liabilities is referred to as the liquidation value.

The liquidation value doesn t reflect the real worth of an asset or a business; in most cases, it is substantially less than the market and book values. This method is typically used only if a business is in serious financial trouble.

Should I seek a financial advisor for help with valuation?

Business valuation is a complex task, and a financial advisor with experience in business valuation can be an invaluable asset.

A professional valuator can:

  • Provide the experience needed to accurately determine the value of your business
  • Offer an objective view of your business worth
  • Give investors more confidence in the credibility of your valuation

Conclusion

There is a saying in the venture capital industry: “The value of a business is only what someone is willing to pay for it.” In other words, the market, and your ability to attract investors and negotiate with them will determine the value or selling price.

Remember that many factors affect the value of your business. Seeking professional assistance can help you calculate an accurate value for your business.

Learn how to determine the value of your business and find ways to increase it.

What is a fair price to pay for a business? Read this article to learn how to estimate the value of a business.

Enlist the help of an expert who can quantify the worth of all, or part, of your business or its securities.

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