Business Resources Library

Finding Your Niche

In recent years, the marketplace has shifted from “one-size fits all” products and services to more customized and unique offerings. Unlike many large companies that target the masses, these niche businesses cater to highly defined customer markets that often go over-looked by their large competitors. Though niche businesses can be extremely profitable, many entrepreneurs often question if it’s worth pursuing a business that appeals to such a specialized and precise target [...]

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Advice From Family Run Businesses

Family-run businesses are in a unique position: they must navigate common business challenges alongside challenges from close, personal relationships. It takes a strong bond to successfully grow a business with a spouse or family member, and the lessons learned along the way can benefit any business owner. Excelsior Growth Fund (EGF) is proud to have worked with several family-run businesses that have grown by playing off one another’s strengths. Two couples in particular have found [...]

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Refinance Small Business Debt

Eventually, there comes a time when small business owners set their sights on growth and expansion. Doing so often requires more capital, and many small business owners consider replacing their existing business debt with a new, more affordable loan. This process is called refinancing and can be a critical step to grow your business. When done correctly, refinancing your business debt can lower your monthly payments, APR, and interest payments, improve your overall credit score, and most [...]

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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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When and How to Prepare for a Small Business Loan

All businesses need capital to grow, and the questions of when and how to apply for loans are two that many small business owners ask.  In this article by the Excelsior Growth Fund (EGF) Business Advisory Services team, we look at how to determine when an existing small business needs funding and steps to help you prepare an application and increase your likelihood of approval.     1. Evaluate your business’s funding needs As your business grows, you may find yourself [...]

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