Business Resources Library

Viewing Category: Financial Management
Working with a CPA

Your small business’s financial statements are like diagnostic tools that provide information on the health of your business. That’s why it’s not only critical that you understand them, but that you also work with a certified public accountant, or CPA. CPAs can ensure that your financials are accurate and advise you on ways to make your business more financially strategic and profitable. In this article, we dive into the role of a CPA in your business, and key questions to ask [...]

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How to improve your personal credit

While business loans are technically made to businesses, most lenders will review your personal credit history when you apply for a business loan. A personal credit score provides a more accurate picture of your ability to pay back your debts, especially if your business has not yet established a business credit score. Given this, if your personal credit history has some weak points, you’ll want to take time to improve it before applying for a business loan. What lenders look for in a [...]

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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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Using Financial Projections as a Tool to Drive Success

Your small business’s financial projections are among the most effective and powerful tools to guide growth. Using these figures can help you keep your business on track, monitor cash flow, and identify problem areas before they become serious. In this article, Excelsior Growth Fund’s team explains why it’s smart to use financial projections as a tool for growth and how to do so successfully. Why use financial projections? Business leaders, lenders and mentors consistently [...]

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Small business bookkeeping best practices

Mastering the basics of bookkeeping can prepare you to take your business to new heights and build a solid foundation for your business’s financial management. Whether you’re just getting started with your bookkeeping system or need a refresher on the basics, our 45-minute webinar will benefit your business. EGF Consulting Corps member Alek Marfisi (Upwind Strategies) shows you how to easily organize your financial information and use bookkeeping to make informed decisions for your [...]

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