Business Resources Library

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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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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Yvette Richardson

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, [...]

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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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