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Meet EGBI Volunteer – Jesus Nevarez

by | Aug 16, 2023 | Volunteers

By Bego Calderon

Jesus is a Financial Center Manager at Independent Financial, where he manages the retail side for the Austin location. He is responsible for the day-to-day operation, expanding the business of the branch and small business development.

He has been working in banking for over ten years across the state of Texas. Jesus focuses on developing deep ties in the communities he works, and helping persons reach their financial goals. He has worked on a variety of entrepreneurship programs and financial literacy classes, delivering them in person and virtual platforms.

–Jesus shares his experience as a volunteer with EGBI.

–Share a fun fact with us.

I occasionally write short stories, and give them out to my friends. Nothing major, but I enjoy writing literary fiction. Slices of life that give a glimpse of what we go through daily. They are cathartic.

“Volunteering at EGBI is a great way to help our community.” – Jesus nevarez

–How did you first get involved with EGBI?

I had just moved to the city, and I was still struggling to get acclimated. I had reached out through email to know how I could help. I had researched EGBI, and my perception was that they are a great resource to our local entrepreneurs.
Monica Peña reached back, and invited me to an EGBI event.
Thereafter, I asked if I could assist in some of the classes that EGBI does for entrepreneurs. Since that point, I’ve been enjoying being a volunteer for EGBI at different stages and programs.

–Why do you volunteer for EGBI?

Small business are the lifeblood of our communities, and entrepreneurship is a pathway to achieve financial security. I believe in what EGBI does, and the persons that run the organization truly have their hearts in it. I like to help persons get better, and some of the entrepreneurs and small business owners that attend EGBI just need a hand to reach the next level. I work at Independent Financial, where we try to build healthy communities. They have supported me in this endeavor.

-How has your involvement with EGBI helped you grow professionally and personally?

Professionally it has allowed to me see what the small business community needs in Austin. Understand their concerns and their aspirations. It has connected me with other persons across the city that are also looking to assist our entrepreneur
community.
Personally, well, just meeting new persons. Moving to a new city, with no family or professional network can be difficult. I’ve met so many persons in the classes, and accelerated my knowledge of the city and its resources.

–What was the most rewarding experience you had while volunteering for EGBI?

There was a presentation in the last quarter of 2022. They were presenting the persons that had graduated from the program. Hearing all those stories of success, allowed me to see the tremendous impact that EGBI has in our city.

– Why do you think others should volunteer or support EGBI?

Volunteering at EGBI is a great way to help our community. EGBI has a develop great systems to understand entrepreneurs at different levels of their business journey. They are in the business of helping people get better, that is something that we could all do.

EGBI provides training, coaching, and support to aspiring and existing business owners who face barriers to growing a successful business. If you would like to support our efforts, please visit our website https://egbi.org/donate/.

Actions to reduce operating costs

by | Aug 29, 2022 | Business Tips

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.