Small Business

Teens not as eager to go it alone in bizRestricted Content

November 24, 2008
In its seventh annual "Teens and Entrepreneurship" poll, Junior Achievement has found that 13- to 18-year-olds are less interested in starting their own businesses than they were a year ago.
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Lean companies have best chance to surviveRestricted Content

November 24, 2008
Jean Wojtowicz
Make your business look as attractive as possible to your banker because you are competing for financing with other small businesses.
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Name change, consolidation streamlines company missionRestricted Content

November 24, 2008
Gabrielle Poshadlo
The corporate name change to 'That's Good HR' strengthens the identity of staffing firm.
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Here are tips for small biz survival during recessionRestricted Content

November 17, 2008
Mickey Maurer
For small businesses to survive, they must be prepared to withstand economic difficulties for some time...
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Winter farmers market to openRestricted Content

November 3, 2008
A new market called Indy Winter Farmers Market is scheduled to open Nov. 15 at 2442 N. Central Ave. It will be open all winter on Saturdays from 9 a.m. to 12:30 p.m.
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Turbulent times spell opportunity for small businessesRestricted Content

November 3, 2008
Connie Shepherd
Healthy banks have adopted stronger risk prevention measures for good reasons, but it's important to know that well-performing banks are still writing loans for small business and servicing their needs every day.
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VOICES FROM THE INDUSTRY: Benefits to buying or leasing in a troubled economyRestricted Content

October 27, 2008
Keith R.
As real estate professionals well know, a troubled economy is making it harder to negotiate and close deals. However, buying or leasing real estate in a troubled economy also provides great opportunities for buyers and tenants. Real estate brokers often talk about it being a buyer's and renter's market and focus on selection and price; however, there are several other benefits when buying or leasing commercial real estate in a troubled economy. These additional benefits include tax abatements or credits...
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Was HIP program enough?: Candidates spar over impact of Daniels' health reformsRestricted Content

October 27, 2008
J.K. Wall
Just how big of a deal was the Healthy Indiana Plan? That seems to be the key question dividing Republican Gov. Mitch Daniels and his Democratic challenger, Jill Long Thompson, in their competing plans over health care reform. Daniels' campaign for re-election points to his administration's ongoing rollout of the Healthy Indiana Plan as his entire plan for health care reform in his second term. The plan, which uses cigarette tax revenue to offer health insurance and health savings accounts...
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No perfect fit for Main Street: Small-business owners fall on both sides of political lineRestricted Content

October 27, 2008
Whitney Lee
Joe the Plumber has been getting plenty of attention in recent weeks, but what about Kimberly the Merchant or John the Manufacturer? For all the talk about whether this year's presidential candidates favor Wall Street or Main Street, there's little discussion of the fact that neither Democrat Barack Obama nor Republican John McCain may be perfect for all small-business owners. Indianapolis manufacturing firm owner John Raine is backing McCain because of his stance on taxes and labor unions. Local shop...
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NOTIONS: Lessons learned from the candidates' communicationsRestricted Content

October 27, 2008
Bruce Hetrick
Have I told you about my e-mail from Sarah Palin? Did you know that Obama campaign manager David Plouffe briefs me on campaign strategy? I've let slip, haven't I, that Bill Clinton invited me to his place to munch on potato chips and watch Hillary's televised debate? I receive streaming video from Gov. Mitch Daniels letting me look in on campaign stops statewide. His opponent, Jill Long Thompson, connects via Facebook. And at 3 a.m. one Saturday, Barack Obama texted...
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Entrepreneurs say businesses must act quickly to survive recessionRestricted Content

October 20, 2008
Peter Schnitzler
Indiana's most seasoned entrepreneurs aren't standing idly by as the nation slides into what many economists believe will be the deepest recession since the early 1980s.
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More small businesses allowed to jump in pools: Law lets employers join together for cheaper ratesRestricted Content

October 13, 2008
Scott Olson
Small businesses in Indiana stung by rising health care costs now can band together to broker better deals from insurance providers. The rule from the Indiana Department of Insurance took effect in late August and is the final piece of a 2007 health care expansion state lawmakers financed with a 44-cent increase in the cigarette tax. The pooling program is open to businesses with two to 50 employees and is meant to give them strength in numbers so, in essence,...
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EDITORIAL: Lilly looks forward with ImClone deal: CEO Lechleiter taking bold stepsRestricted Content

October 13, 2008
Lilly looks forward with ImClone deal CEO Lechleiter taking bold steps It's premature to pass judgment on Eli Lilly and Co.'s $6.5 billion plan to acquire biotech firm ImClone Systems Inc., but the giant deal is one more sign that relatively new CEO John Lechleiter isn't afraid to make bold moves on Lilly's behalf. The local drugmaker agreed Oct. 6 to pay $70 a share for New York-based ImClone, maker of blockbuster cancer drug Erbitux, outbidding an earlier offer of...
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Creativity pays off for firms: Business owners delay projects, seek alternate funding sourcesRestricted Content

September 29, 2008
Sam Stall
Large Wall Street firms with a taste for bad debt aren't the only institutions weathering a financial storm these days. In a classic case of trickle-down bad news, small businesses are suffering as well. But instead of facing a maelstrom, firms seeking expansion funds and entrepreneurs looking for startup cash are enduring a drought. Access to capital has dried up as spooked banks relentlessly tighten their loan requirements. That translates into greater scrutiny of business plans, bigger demands for collateral...
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EYE ON THE PIE: What really drives Hoosier economy?Restricted Content

September 15, 2008
Morton Marcus
I enjoy the propaganda of government agencies pleading the causes of special interests. This is the opening sentence of our state profile prepared by the U.S. Small Business Administration's Office of Advocacy: "Small businesses are the heart of Indiana's economy." Frequently, we hear that farming is the beating heart of our economy. Others claim the thumping sound we hear is that of manufacturing. Teachers tell us the economy is only as steady as its educational footing. Steel has a claim...
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IT firm rakes in VC cash: Interactions Corp. has raised $35M since 2002 inception

September 15, 2008
Peter Schnitzler

A fast-growing Carmel startup is using a blend of innovative software and human guides to answer questions over the phone. The company could have located on either coast, but instead chose Carmel's Clay Terrace. And the company, Interactions Corp., has raised more than twice as much money as ChaCha Search Inc., a higher-profile startup in a similar business that's also housed in Clay Terrace.


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Commentary: Can we Bank on Indianapolis?Restricted Content

September 15, 2008
Tawn Parent
Whoa. Those figures, based on national averages from the Federal Deposit Insurance Corp., don't paint a pretty picture. People without bank accounts tend to keep cash at home or in their pockets, which increases the likelihood of crime. They create a market in which predatory lenders can thrive. They fail to reach their full potential, and so do the cities where they live. We have a problem. Now what can we do about it? We could take a cue from...
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Commentary: Indiana law chases away talentRestricted Content

September 8, 2008
Mickey Maurer
The Wellness Community of Central Indiana was established in 1995 as a not-for-profit organization to provide free support, education and hope to individuals and families affected by cancer. At The Wellness Community, cancer patients can share experiences and lend one another encouragement informally or through programs facilitated by professional counselors. The Wellness Community also provides a haven to grieve together in those instances when cancer is the ultimate victor. Today, the folks at The Wellness Community are grieving over a...
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Cautious contractors warm to Lilly-Covance deal: Drugmaker works to assuage fears of some local researchers worried they might lose lucrative workRestricted Content

August 25, 2008
J.K. Wall
When Eli Lilly and Co. announced Aug. 6 that it would more than double the amount of research and development work it outsources to Covance Inc., Dr. Alfonso Alanis got nervous. The CEO of contract researcher Anaclim LLC worried that more work for Covance would mean less work for local firms that provide drug development services to Lilly. Executives at other local firms, who asked not to be named because of confidentiality agreements with Lilly, also have fretted that their...
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Creating opportunities in tough times: Tightening economy requires 'patchworking' sources of incomeRestricted Content

August 11, 2008
Della Pacheco
Women aren't leaving the work force to stay home with their kids-they're being forced out in equal numbers with men. That's the word from "Equality in Job Loss: Women are Increasingly Vulnerable to Layoffs During Recessions," a congressional report released July 21. Often women who face job losses decide to forego the job hunt and opt instead for selfemployment, the report said. Might this job downturn trigger a boom in entrepreneurship for women? Not if they don't already have the...
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ECONOMIC ANALYSIS: State's new mortgage law is regulation gone awryRestricted Content

July 28, 2008
Mike Hicks
Indiana is known as a state possessed of thoughtful and minimalist regulatory constraint of business. That's why a littleknown law enacted in 2007, which further regulates mortgage brokers, should come as a shock to many Hoosiers. As of July 1, when the law became effective, roughly 600 Indiana mortgage brokers (perhaps 1/10th of 1 percent of all small businesses in the state) were out of compliance. When a one-month extension granted by Secretary of State Todd Rokita expires next month,...
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Need something? They'll trade you: Industry consolidation is remaking bartering terrainRestricted Content

June 30, 2008
Jennifer Whitson
Marketing firm owner Lorraine Ball knows how to promote a business-a valuable commodity among cashstrapped entrepreneurs looking to bolster their bottom lines. So it's little wonder that she is able to trade her expertise for services she needs, whether it's help with an online video or time with a personal trainer. Ball is among a growing group of small-business owners embracing the age-old barter system, methaphorically scratching one another's backs to save on cash and credit. Although Ball prefers to...
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Commentary: Wishing Nat City a speedy recoveryRestricted Content

June 30, 2008
Mickey Maurer
On June 19, The New York Times business section led with an article titled, "Regional Banks are Rocked." The accompanying graphic indicated that National City Bank lost 86 percent of its market value since the beginning of this year. No wonder. The news has not been good. On June 10, Peter Raskind, chairman and CEO of National City, acknowledged publicly that on Feb. 5, the bank had been placed under a memorandum of understanding by the comptroller of the currency....
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Local tree-care firms respond to rash of storms: Forestry specialists and arborists work 14-hour days to keep up with sky-high demand in central IndianaRestricted Content

June 23, 2008
Anthony Schoettle
If there's a silver lining to high winds and torrential rain, it can be found in the bank accounts of companies called upon to clean up the mess. For the dozens of tree cutting, trimming and hauling firms that fill up seven pages in the local Yellow Pages, the storms of late spring came at just the right time. "We didn't get one call for three weeks prior to the storms hitting," said Russell Goodman, owner of locally based All...
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Retail survivor: resale: Consignment, thrift shops doing well despite nation's economic slowdownRestricted Content

May 26, 2008
Jennifer Whitson
As gas prices approach $4 a gallon and economic growth grinds to a standstill, many retail shops are feeling the pain. Consumers who don't have as much disposable income are cutting back on clothing and accessories purchases. The University of Michigan's consumer sentiment index dropped to its lowest level in 26 years last month, and several reports find that consumers will likely be spending their so-called economic stimulus payments on bills, not shopping sprees. But one retail category already is...
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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