By Rutu Ruparel In the bustling world of business, the quest for more clients often consumes our attention because of the widespread myth that an increase in the number of clients is directly correlated to an increase in sales. However, oftentimes this myth remains exactly that: a myth. Business.com emphasizes this by explaining that it […] The post An Internal Gold Mine for Businesses: Existing Clients appeared first on Economic Growth Business Incubator ..read more

By Audrey Stanton An important decision for any business owner is how to legally classify their company. Whether they opt for a corporation or an LLC, a partnership or a nonprofit, this choice impacts the ownership, liability, and taxation of their business. While there are many structures available to business owners, at EGBI we commonly […] The post The Best Structure for Your Business appeared first on Economic Growth Business Incubator ..read more

By Shamitha Ramanan Understanding the ideal client is essential for any company to establish a successful business strategy. Determining who fits into this category involves combining market research, analysis, and understanding of the company’s products or services. Here’s a closer look at how companies decide their ideal client. Understand Business Goals: Market Research: Define Ideal […] The post How Does a Company Determine Who Their Ideal Client is? appeared first on Economic Growth Business Incubator ..read more

By Anwuli Chukwurah Once you have been in business for a while, and your transaction level has increased from 2 per month to over 100 monthly transactions. Business has become more complicated, and it’s become harder to continue using free/low-cost tools to track your finances. You have a better idea of what metrics you want to […] The post 3 tools to level up your finance and accounting operations past the entry-level appeared first on Economic Growth Business Incubator ..read more

By Rutu Ruparel We are thrilled to extend our heartfelt congratulations to FroFessionals for being honored with the Committee’s Choice Award from the Austin Community Foundation’s Black Fund. This award is a testament to the unwavering dedication of FroFessionals in addressing the unique needs of black, brown, and biracial individuals with textured hair. EGBI’s client,  […] The post Honoring Frofessional for winning the committee’s Choice Award appeared first on Economic Growth Business Incubator ..read more

By Shamitha Ramanan ​​It’s with great pleasure that we announce the recognition of EGBI for a prestigious CAN Butler Award in the Spirit of Collaboration category. EGBI’s nomination for the prestigious CAN Butler Award in the Spirit of Collaboration category is a testament to its exceptional dedication to community advancement in Austin. Through its innovative […] The post EGBI Recognized for Spirit of Collaboration appeared first on Economic Growth Business Incubator ..read more

By Shamitha Ramanan The total solar eclipse will be coming to Central Texas on April 8th with the possibility of one million visitors in our area due to this solistrial event. Businesses should take advantage of the rare event and the opportunity to capitalize on the excitement and maximize their revenue. Let us explore some […] The post Total Eclipse Brings Profit to Central Texas appeared first on Economic Growth Business Incubator ..read more

Trading military uniform for loafers or heels, salutes for spreadsheets – transitioning from military service to civilian life can be a thrilling yet daunting adventure. But for those with the entrepreneurial spirit burning bright, it’s also the perfect time to launch your own venture. Owning a small business offers freedom, flexibility, and the chance to […] The post From Battlefield to Boardroom: A 10-Step Guide to Launching Your Dream Veteran Owned Business appeared first on Economic Growth Business Incubator ..read more

By Audrey Stanton Every Wednesday, members of the EGBI Toastmasters club gather to practice their public speaking, presentation, and interpersonal communication skills. The first part of the meeting is probably what you think about when you think about Toastmasters, where participants deliver prepared speeches to the rest of the club. (Unfamilar with Toastmasters? Click here […] The post The Power of Improvised Speech appeared first on Economic Growth Business Incubator ..read more

By Shamitha Ramanan Clearly articulating your value is critical in a world where people’s attention spans are getting shorter, and opportunities arise suddenly. Times like these are where an elevator pitch comes in. In the time it takes to ride an elevator, you should be able to provide a concise and powerful overview of who […] The post What is an Elevator Pitch? And what is the purpose of an Elevator Pitch? appeared first on Economic Growth Business Incubator ..read more