Business Resources Library

Viewing Category: General Business Management
Steps to improve employee engagement

One of the key factors to running a successful business is knowing how to engage and motivate your employees. Having an engaged workforce can promote employee retention and productivity, foster customer loyalty and improve organizational performance. While some methods of employee engagement, such as raising wages and offering more expansive health and retirement benefits, aren’t always possible for every small business right away, there are many simple and cost-effective ways that [...]

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Earth day

Individually and collectively, small businesses are taking the steps to reduce unnecessary waste and ramp up sustainability efforts. From going digital to switching to energy-efficient equipment, these simple steps can have a profound impact on the environment and can also help increase your business’s operational efficiencies and bottom line. In honor of Earth Day, Excelsior Growth Fund is encouraging business owners to look into small changes they can make today to implement [...]

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Business Risk Profile

Many small business owners understand the basics of small business loans. When it comes to borrowing, your business’s risk profile is another factor that lenders look at and it can have a significant impact on loan approvals. In this article, we explain what a business risk profile is, why it matters and share tips to help you improve yours. What is a business risk profile?  Simply put, a business risk is any short- or long-term factor that represents a direct or indirect challenge [...]

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Jean Kristensen

“Even today, studies show that only about three to four percent of women-owned businesses achieve one-million dollars or more in annual revenue,” says Jean Kristensen, owner, president and CEO of Jean Kristensen Associates, LLC. “And for businesses owned by women of color, the rate is even lower.” Businesses owned by men, on the other hand, are three times as likely to achieve that. “Women face a lot of the same business challenges as men, like accessing capital [...]

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Small Business Expansion Issues

Expansion often means something different for every small business. Whether you’re looking to open a new location or add new products or services, it’s important to properly prepare to ensure your business grows successfully. In this article, we outline five common expansion issues and what you can do to avoid them. These steps will help you optimize your business for expansion and will dramatically increase your chances of success. Common Small Business Expansion Issues 1. [...]

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