ABOUT ECONOMIC GROWTH BUSINESS INCUBATOR
E.G.B.I. provides business coaching to entrepreneurs in Central Texas wanting to start and/or grow a lifestyle business. A lifestyle business is often described as a trade or a hobby that has become a reliable source of income which provides needed goods and services to the local community, and it is in the process of becoming the source of income of the entrepreneur’s family to build long-term wealth and a better quality of life.
Up until 2023, our organization has provided over 4,200 hours of business coaching funded by a combination of grants, contracts, and client contributions. The composition of our clients is very diverse, in 2023, 86% of our clients self-identified as making less than 80% of area median family income, 87% identify as people of color, and 74% identify as females.
VISION
We believe that all businesses should be profitable, sustainable, and an asset to the community.
MISSION
EGBI provides training, coaching, and support to aspiring and existing business owners who face barriers to growing a successful business.
VALUES
- Be Inspiring
- Leadership
- Trust & Honesty
- Cultural Diversity
- Resourceful & Strategic
- Deep & Caring Relationships
AREAS WE SERVE
We are proud to serve our Central Texas clients in Bastrop County, Blanco County, Burnet County, Caldwell County, Hays County, Travis County, and Williamson County.
E.G.B.I. is singularly focused to assist business owners to start or grow a business. We work holistically with clients, providing a comprehensive, “high touch” combination of coaching, training, and networking opportunities to aspiring and existing business owners who might not be well-resourced, business educated or technologically savvy. All our services are provided in English and Spanish. Currently all our staff members are bilingual; three of which are first language Spanish speakers. If we receive clients with languages other than English or Spanish, we will accommodate translation services.
SIGNATURE WORKSHOPS
- How to test your Business Idea
- What is a Business Model
- To whom should you target your product/service
- How to compete strategically
- How to make your first budget and financial projections
- Setting goals
- Setting Up your Online Presence
- Financial Record Keeping
- Managing Risk/Protecting Your Business
- Marketing Tactics for Beginners
- Business Taxes Overview
- Getting into Debt: What you should know about business loans
We dedicate four months to focusing on your business and achieving the next level of success. Learn and practice a process for goal setting and accountability. Join other business owners to learn from each other and get the support you need to plow through your goals.
Some of the topics we touch with our coaching clients:
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- Business plan development
- Bookkeeping support
- Marketing assistance
- Time management training
- Tech training on useful apps
- Bidding, contracts, and certifications
- Tools to help you reach your business goals