Business Resources Library

Top 5 Items to Include in Your Growth Plan

Successful business owners know that a business plan is essential – it guides decisions early on and focuses investments later. What many business owners overlook is the value of also developing a growth plan. In this brief overview, Excelsior Growth Fund’s Business Advisory Services team reveals why a growth plan is important and what to include in yours. Key differences between business plans and growth plans While a business plan contains all of the key information needed to [...]

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How to Finance Your Manufacturing Business

Small manufacturing businesses are a diverse and evolving driver of the U.S. economy. In fact, according to the National Association of Manufacturers, for every $1.00 spent in manufacturing, another $1.89 is added to the economy, proving that this sector continues to thrive. While the opportunities are tremendous, most entrepreneurs face a primary challenge in funding their manufacturing companies, as they tend to be more expensive to get off the ground than many other types of small [...]

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5 Best Practices to Increase Your Profitability in the New Year

The New Year is a time for reflection and planning. For small business owners, that means reviewing your year-end financial statements to see how you did and planning for the future. If you’re interested in improving your business’s financial image, here are five ways to boost profits. 1. Small Markup vs. Big Markup: It’s important to focus your efforts and know what works best for your company. If your business has a small gross margin (think: small mark-up) cutting costs by [...]

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