“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 [...]
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
Yvette Richardson, PE, LEED AP, NOMA, NSBE - Principal and founding partner at Sabir, Richardson & Weisberg Engineering & Architecture
As a certified electrical engineer, Yvette Richardson has spent more than 25 years in a field where diversity, in any sense, was often hard to find. Now, as principal and partner at Sabir, Richardson & Weisberg (SRW) – a certified minority- and women-owned business enterprise (MWBE) firm specializing in the architecture, [...]
With the New Year right around the corner, it's time to start planning for the year ahead. To help you plan and continue down the road to success in 2019, we’ve rounded up our top five business resource articles from 2018.
With these articles, you will learn our best tips and advice on how to boost your working capital, manage your cash flow, improve your credit score, prepare a winning loan application, and avoid common financial challenges.
Up Your Small Business Working Capital Game
Nearly every small business owner reaches a point where they realize more help is needed.
Determining what kinds of roles need to be filled, when to fill them and how to do so are among the most significant decisions that business owners make, in large part because hiring and training new employees can be costly and time-consuming. For many small businesses, it makes sense to outsource certain parts of their operations.
In this article, Excelsior Growth Fund’s Business Advisory [...]