Small Business

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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Crime-scene cleanup company eases burden of trauma victimsRestricted Content

May 19, 2008
Jennifer Whitson
On any given day, employees of Bio-Trauma 911 Inc. could be dealing with everything from the mess left by a decomposing body to a home that's been declared a biohazard. What may sound like a scene out of "CSI" is in fact a day at the office for the seven-person crime-scene cleanup company housed in unassuming offices in a strip center on East 56th Street at Interstate 465.
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Symphony Bank results keep hitting sour notes: CEO hopes to succeed by taking bank 'to the people'Restricted Content

May 19, 2008
Cory Schouten
Symphony Bank's palatial branch along East 96th Street-outfitted with a copper roof, towering domed ceiling and heated parking lot-was designed to telegraph wealth and stability. But instead, the $5 million Taj Mahal became the most prominent symbol of the bank's excesses and one reason the startup has lost money every year since its founding in June 2005. The bank, which has no other branches, has torn through two management teams and piled up annual losses of $2 million or more...
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Commentary: Earl Harris was a classic mentorRestricted Content

May 19, 2008
Mickey Maurer
They say you should live such a long life that, when you die, you will have no friends left to attend your funeral. Last month, Earl Harris passed away at the age of 90 and he went one better. At his request, he had no funeral at all. The only mark of his passing was a short obituary in The Indianapolis Star undoubtedly paid for by his family as per Starowner Gannett Co.'s policy. Permit me to add a little...
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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