EGBI names Larissa Davila as Executive Director

Austin, TX – After an extensive search process led by members of its board of directors, Economic Growth Business Incubator (EGBI), a nonprofit business support organization in Austin, has named Larissa Davila as their next Executive Director. She begins her tenure on March 27, 2023.

For the past 8 years, Davila has been owner of BCO Consulting Group, offering services to micro, small and mid-sized business owners, government agencies and nonprofit organizations around strategic planning, budgeting, pricing strategy, process improvements, market research, marketing services, and bi-lingual community outreach. Larissa started her company after about a decade of corporate experience with Bentoli, Inc, Fed Ex and Sony Corporation. Her experience includes community project and process management, international logistics, customer support, and business in general. She also served as the Executive Director of LACE, the Latino Arts, Culture & Education Organization and Amhiga Hispana in Austin.

Davila is no stranger to EGBI. She has taught many EGBI workshops, provided volunteer expertise to clients, and in 2022 was named EGBI Volunteer of the Year. Currently working towards her MBA at the University of Texas, Davila is married and has a son at home.

“Larissa is a great choice for EGBI. She has been an active leader in the Austin community and a faithful volunteer to EGBI,” said Mike Lancaster, EGBI board chair and VP at Broadway Bank.

Come out to support EGBI and network with business owners in Central Texas at EGBI’s fundraiser, #WeAreEGBI Happy Hour on April 19th from 6 PM to 8 PM at Simar Seafood Cocina.  EGBI’s new Executive Director, Larissa  Davila will speak about her vision for the organization and local small business.   Register HERE.

­EGBI is a non-profit organization working in Central Texas with the mission of providing training, coaching and support to aspiring and existing business owners who face barriers such as knowledge, finances, or language. In 2022, EGBI provided services to over 360 aspiring and existing business owners in Central Texas. EGBI provides services in English and Spanish.

Meet EGBI’s Summer Program Intern- Aamir Kutianawala

By Alison Flangel

Meet Aamir Kutianawala, a summer program intern at EGBI. Aamir has been working with EGBI for the summer. He is a rising junior at Westwood High School and would like to go more into business/marketing as he progresses with his education. Outside of school and EGBI, Aamir is part of his school’s debate team, robotics team, DECA team, and various others as well. He loves playing and watching sports in his free time, and has also been pursuing guitar on the side!

Aamir shares his experience as a volunteer with EGBI and how you can get involved too.

To get started, would you mind telling us a fun fact about yourself?

I have been learning to play the guitar for 3 years.

How have you been involved with EGBI?

I have been working on a variety of tasks, but mainly help clients/business owners with finances and marketing. I also provide broad support by making lectures for entire groups of clients, along with helping to complete any general tasks.

Why do you think it is important to volunteer at EGBI?

I think it’s important to work with EGBI to support disadvantaged business owners, and help bridge the gap with underrepresented groups in business.

What has your favorite experience with EGBI been so far?

My favorite experience has been taking and editing pictures for a client’s Etsy shop.

“EGBI helps you make a difference in the community.”– Aamir Kutianawala

In 2021, EGBI volunteers put in more than 130 hours to help EGBI support and serve over 400 small businesses. Volunteers like Ken make this possible and continue to help EGBI pursue their mission of training, coaching, and supporting aspiring and existing business owners who face barriers to growing a successful business.

Want to get involved too? Contact us to find out how you can volunteer or donate.

Meet EGBI’s Summer Program Intern- Shamitha Ramanan

By Alison Flangel

Hi! My name is Shamitha and I have been with EGBI for a month now and it has been an enriching experience. I am an incoming senior at Westwood High School, and as my education progresses, I hope to pursue a degree in finance or management. Outside of EGBI, I am in my school’s orchestra, Academy Ambassador program, GenShe, and several other clubs and honor societies.

Shamitha shares her experience as an intern with EGBI and how you can get involved too.

To get started, would you mind telling us a fun fact about yourself?

A fun fact about me is that I grew up mainly in London, England, and California.

How have you been involved with EGBI?

I mainly do research and analysis for clients’ businesses to see where they can improve financially. I’ve also recently worked on importing and exporting goods, bookkeeping, and more.

Why do you think it is important to volunteer at EGBI?

EGBI allows you to connect with people from all kinds of different backgrounds and changes your perspective on business and the world around you.

What has your favorite experience with EGBI been so far?

My favorite experience has been attending the 90 Days business workshop. I’ve been able to connect with a lot of different people and learn about their businesses and inspirations. I’ve also had the opportunity to meet with them one-on-one to help expand their businesses.  

“EGBI provides you the opportunity to learn new skills, communicate, and network.” – Shamitha Ramanan

In 2021, EGBI volunteers put in more than 130 hours to help EGBI support and serve over 400 small businesses. Volunteers like Ken make this possible and continue to help EGBI pursue their mission of training, coaching, and supporting aspiring and existing business owners who face barriers to growing a successful business.

Want to get involved too? Contact us to find out how you can volunteer or donate.

Actions to reduce operating costs

By Shamitha Ramanan

By lowering your operating costs, you can outperform your competitors. Small business entrepreneurs ought to constantly hunt for strategies to save costs without compromising the caliber of their goods or services. 

Consider these suggestions to lower your company’s operational expenses and possibly increase revenue:

1. Automate tasks

Numerous internet platforms and software tools are available that help streamline and automate a small business’ daily operations. Numerous functions, like bookkeeping, website hosting, marketing communications, payroll, and others, can be handled by these systems. 

Technology is beneficial because it encourages productivity. Efficiency results in lower operational expenses, especially for things like direct labor.

2. Outsource 

Delegating certain jobs to subject matter specialists will help you save money and provide even better outcomes. Marketing and advertising are two areas that gain most from outsourcing. Certain operations can be outsourced as a long-term investment that pays off in the long run.

3. Find a freelancer

It’s one thing to outsource your IT department or human resources’ requirements, but what about routine tasks? In your company, freelancers might step in to cover tasks that aren’t always required. 

It makes little sense to hire a full-time staff for sporadic demands.

4. Pay your bills in advance

Many suppliers may give you a discount if you pay your bill ahead of time. Savings of even 2%–3% every billing cycle can add up quickly. 

To minimize any late fees or other penalties, make sure to at the very least pay your invoices on time. The same holds true for any other debt you have, including loans. If you are late or start missing payments, your interest costs might rise.

5. Think eco-friendly

Your company’s running costs go up when you print everything from fliers and catalogs to internal papers. Encourage staff to print papers only when absolutely required, and if you must print a catalog, purchase a size that will prevent any from ending up in the recycling. 

Compact fluorescent lighting should be used to save heating and cooling expenses, and physical waste should be reduced. To save energy, disconnect the equipment from any unused workstations to decrease electricity usage. You’ll save money on monthly office supplies prices in addition to electricity bills.

¿QUÉ SON Y CÓMO SE CALCULAN LOS COSTOS OPERATIVOS DE TU EMPRESA?

Por Shamitha Ramanan

Los costos operativos son cualquier gastos que son requeridos para el mantenimiento del día a día y para la administración de tu empresa. Comúnmente se refieren como “gastos generales”, estos costos comerciales esenciales incluyen electricidad, nómina y renta de oficina. Las empresas pueden recortar en gastos superfluos y ahorrar costos al revisar gastos operativos.

El costo de los productos vendidos es uno de los principales elementos de costos operacionales (COGS siglas en inglés). Los gastos directos que incluyen la fabricación de productos o servicios ofrecidos por tu compañía son conocidos como Costos de Bienes Vendidos (COGS por sus siglas en Inglés)

Índices de gastos operativos

Los datos de ingresos operativos y de gastos operativos son las dos piezas fundamentales de información de costos operativos que puedes reunir.

Ingresos operativos

El rendimiento total generado por la  operaciones de tu negocio es conocido como ingreso operativo. El ingreso operativo se calcula usando la siguiente fórmula:

Ingreso operativo = Ingreso Total – Costos operativos. 

Índices de gastos operativos. 

Por otro lado, los datos de los gastos operativos sugieren sonido financiero. Sin importar que tan grande o pequeño sea tu firma, es más simple compararte con otros dentro de tu ramo cuando la eficiencia se expresa en porcentaje

Al comparar directamente tus gastos con tus ingresos, los OER (Índices de Gastos Operativos por sus siglas en inglés) te permite monitorear tu eficiencia. La ecuación de OER es la siguiente: 

Índices de Gastos Operativos = Costos Operacionales ÷ Ingresos Totales 

Traducido al español por Daniela Ariza. Para leer el artículo en inglés, haga clic aquí.