Entrepreneurship

Bartering booms during recession

September 26, 2009
Peter Schnitzler
In a recession, cash is a commodity few small businesses can spare. That’s why more businesses are trading goods and services without exchanging cash.
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HETRICK: To teach your children well, put away the parachutesRestricted Content

September 12, 2009
Bruce Hetrick
Asking our kids to take responsibility sometimes has unexpected consequences.
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Region's expertise in hybrid cars goes beyond high-profile players

September 5, 2009
Chris O'Malley
Bright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several other players poised to be big players in the sector. In fact, few realize that North America’s largest producer of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
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Economy pushes executives into small firms

August 29, 2009
Peter Schnitzler
In the recession, folks with former big-company careers are increasingly taking jobs with small businesses. For some downsized executives, it’s about the desperate need for a paycheck. Others, who felt impotent and pigeonholed in corporations, discover they prefer the challenge of entrepreneurship.
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Fishers biz grows from dog-walking to full-service pet careRestricted Content

August 29, 2009
Marc D. Allan
Cristi Melson started Purrs & Gurrs 2-1/2 years ago with an idea and some fliers she distributed door to door. She didn’t have a formal business plan then and still doesn’t.
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Two businesses open at Flagship Enterprise Center

August 29, 2009
 IBJ Staff
The Anderson-based Flagship Enterprise Center is on a roll. In the last two months, the small-business incubator and growth-stage accelerator signed up two new clients: software developers Soveryn Inc. and Coeus Technology.
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INpact Medical Device Network matches start-ups with service providersRestricted Content

August 24, 2009
Chris O'Malley
Industry groups in the life sciences, medical and information technology realms have helped lure companies to the region and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical devices to market often requires product design, development and marketing resources that aren’t always apparent to upstarts.
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Summer program turns teens into entrepreneursRestricted Content

August 17, 2009
Riya V. Anandwala
Eighteen students from Indianapolis’ Haughville neighborhood sold their wares— ranging from caps and sunglasses to purses to home-baked cookies—as part of a summer business-education program for low-income youth.
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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Orr fellows finding opportunity in male-dominated tech industry

August 10, 2009
Jo Ellen Meyers Sharp
Many young women who have participated in the Governor Bob Orr Indiana Entrepreneurial Fellowship program have landed at high-flying local technology firms.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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Contractors, manufacturers hope clean-energy incentives, mandates lead to more businessRestricted Content

August 10, 2009
Chris O'Malley
Federal stimulus funds and greenhouse-gas legislation have the potential to spark a green version of the Gold Rush. Many Indiana firms are retooling to sell products or services that are or might soon be in demand.
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Hamilton County Alliance spins off entrepreneurial center

August 10, 2009
 IBJ Staff
The Hamilton County Alliance economic development group has spun off its Entrepreneurship Advancement Center, which serves fast-growing startup businesses in Carmel, Fishers, Noblesville, Westfield and the rest of Hamilton County.
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Seniors are nation's fastest-growing group of entrepreneursRestricted Content

July 27, 2009
Peter Schnitzler
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout, for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s now 67 years old. And a first-time entrepreneur.
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Candle company cooks up products with a 'green' twistRestricted Content

July 27, 2009
Kim Puckett
After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple skirted heavy franchise fees and started Twisted Wick Candle Co.
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A taste of summer: CPA spends summers as ice cream manRestricted Content

July 20, 2009
Riya V. Anandwala
Certified public accountant Dave Norris bought a 1976 Good Humor truck and started his family-owned U Want Ice Cream mobile route in 2007, aiming to make a personal connection with people—along with a little extra money.
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Businesses discover dangers of relying too heavily on a single client or industryRestricted Content

June 29, 2009
Peter Schnitzler
In this deep recession, many local small-business owners suffer a harsh dilemma: Heavily tied to a single supplier, customer or industry, they must diversify or die.
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Heartland Distillers joins mini-boom in artisan spirit-makingRestricted Content

June 1, 2009
Kim Puckett
Since January, Heartland Distillers has turned out several small batches of its first signature spirit—Indiana Vodka—available at about 300 area retailers.
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Recession forces small-business owners to take second jobsRestricted Content

May 25, 2009
Peter Schnitzler
With sales slowed to a crawl, some entrepreneurs must take second jobs working for others to make ends meet.
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Recession has a domino effect on venture capitalRestricted Content

May 11, 2009
Peter Schnitzler
Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional investors, such as university endowments, about a quarter of their value. As a result, venture capitalists' primary source of funding has dried up. The implications for Hoosier entrepreneurship are stark.
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'Peanut King' diversifies to keep 52-year-old company thrivingRestricted Content

April 20, 2009
Sam Stall
Richard Green Co., founded in 1957, is a mini-conglomerate of sorts, selling pretty much anything necessary for work in the food-concessions business.
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Indy Power drops electric-car focus for more lucrative control boxesRestricted Content

March 30, 2009
Chris O'Malley
After a stint making parts for electric cars, Symphony Motors recently became Indy Power Systems, changing course to make power control boxes for a variety of vehicles and also industrial and military applications.
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Proprietary developments withering from recessionRestricted Content

March 16, 2009
Scott Olson
Financing is the lifeblood of companies turning intellectual property into a product or service, but turbulent economic conditions have made it increasingly difficult to raise cash from investors who are content to wait out the storm by concentrating on their existing portfolios.
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How to innovate your way out of this recessionRestricted Content

February 23, 2009
CJ McClanahan
It doesn't matter what industry you are in or how well you have prepared--we will all be affected by what has taken place in the financial markets over the past several months.
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Broad Ripple natives grow up to be neighborhood entrepreneursRestricted Content

February 23, 2009
Peter Schnitzler
Many Broad Ripple business owners say the neighborhood is an oasis for eclectic and independent small entrepreneurial ventures.
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