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Generating More Revenue and Customers Through Referrals

This is a guest post by EGF Consulting Corps member Lisbeth Calandrino. Referrals are the lifeblood of all businesses, large or small. The challenge is to create referrals with efficiency and regularity. According to global data analytics company Nielsen, “84% of consumers say they either completely or somewhat trust recommendations from family, colleagues, and friends about products – making these recommendations the information source ranked highest for [...]

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6 Ways HR Software Can Reduce Costs

Friday, October 11, 2019
6 Ways HR Software Can Reduce Costs

This article is a guest post written by Randa Kriss from Fundera. Small business owners have numerous technology and software options available to them to streamline processes and create efficiencies. But more often than not, these options come with a price tag and they must ask themselves whether the investment will be worth the long-term savings. With tight budgets for Human Resources (HR) operations and the price of HR software options, it’s no surprise that many small businesses [...]

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6 Signs You're Ready to Open a Second Location

For owners of brick-and-mortar businesses, deciding when to open a second location is one of the most critical strategic questions that you’ll face: Open too soon and you risk overextending your resources. Wait too long and you could lose invaluable momentum and competitive advantages. How do you know when it’s time? We’ve put together this list of essential indicators to help you decide. You’re likely ready to open a second location when: 1. You have more [...]

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Beyond Salary: 5 Small Business Strategies for Retaining Employees on a Budget

Most employers think about long-term strategies like raising wages, paying for health benefits, or subsidizing a 401k when it comes to improving employee retention rates. While these are effective, there are other strategies that business owners can take on in the short-term to retain qualified workers. In this article, Pacific Community Ventures shares five low-cost strategies you can take to distinguish your business and improve retention rates without breaking the bank. 1. Offer Stable But [...]

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How to Grow Your Service-Based Small Business

While businesses with tangible outputs can simply produce and sell more products, it’s often more difficult for entrepreneurs in service-based businesses to envision ways to increase revenues, particularly if they typically offer their services on a per-hour or per-project basis. Excelsior Growth Fund spoke with Deb Boulanger, EGF Consulting Corps member and founder of The Great Do-Over and The Launch Lab for Women Entrepreneurs, a 12-week virtual business accelerator. Deb teaches [...]

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