Small Business

Entrepreneurs see early success with new liqueurRestricted Content

March 24, 2012
Andrea Muirragui Davis
Blue MF is a vodka-and-rum-based liqueur concocted by three Indiana University fraternity brothers turned entrepreneurs. Their firm, Indianapolis-based More Fun Liqueur, launched its signature drink in October and now is seeking investors to help fund expansion.
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Popular barbershop gets makeover from community

March 18, 2012
Associated Press
Whiteland residents have rallied around a beloved barber who has been cutting hair in the Johnson County community for more than four decades by helping him remodel his shop.
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Motorsports marketing firm launches strategy divisionRestricted Content

March 17, 2012
The move by Zionsville-based Just Marketing International reflects growing client demand for measuring return on investment from motorsports sponsorships.
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Local graphics firm Pratt acquired by Minnesota company

March 13, 2012
Pratt Corp., a 66-year-old Indianapolis-based retail graphics firm that saw ambitious expansion plans come up short during the recession, has been acquired by Vomela Group of St. Paul, Minn.
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Angel investors love health care deals

March 12, 2012
J.K. Wall
Health care venture capital has become scarcer in Indiana the past two years, but there are indications that angel investors are picking up some of the slack.
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SBA lenders optimistic about year's loan outputRestricted Content

March 10, 2012
Scott Olson
Volume nevertheless is expected to fall short of last year's record numbers
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Local associations emerging to nurture small tech firmsRestricted Content

March 3, 2012
Chris O'Malley
Hamilton County and Bloomington are among places that are nurturing small technology firms in their own back yard. Local tech-focused organizations like theirs could stoke competition among Hoosier communities vying for coveted jobs.
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Lockhart Automotive moves Cadillac dealership to Fishers

March 3, 2012
The car retailer, rebounding from the discontinuation of some of its brands, is repurposing its former Hummer dealership.
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LEADING QUESTIONS: Ad exec boils down rules for success

March 2, 2012
Mason King
LQ_Bryant_WatchVideoBruce Bryant founded Promotus Advertising with little experience as an entrepreneur. Through mentors, biblical scripture and hard-won experience, he has culled several tenets for staying solvent and keeping a clear head.
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Serial entrepreneur builds more than business

February 25, 2012
Andrea Muirragui Davis
Westfield resident Jenn Kampmeier is a CEO—that’s “chief everything officer” in the get-it-done world of startups—who prefers an even-loftier title: Mom.
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WOJTOWICZ: Temporary program helps refinance commercial mortgages

February 24, 2012
Jean Wojtowicz
A recent study from Credit Suisse found that over $15 billion of small commercial mortgages (under $5 million) are coming due in the next few years.
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INSIDE DISH: Gastropub owners get aggressive after big first year

February 24, 2012
Mason King
Dish_local_eatery_watch_videoThe Local Eatery and Pub in Westfield streaked past break-even point in its first 12 months, leading its relieved but exhausted owners to plan new projects.
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Angie’s List expected to continue financial losses

February 22, 2012
Scott Olson
The Indianapolis-based company should post a loss of 11 cents per share when it reports its first earnings as a public company on Wednesday afternoon. But at least one analyst is upbeat about its long-term prospects.
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Startup coaches clients on datingRestricted Content

February 11, 2012
Hayleigh Colombo
Miss Pivot is a social-skills training company that offers one-on-one coaching from professional “wing” women, group classes on topics like starting conversations, and now a mobile app that promises users the knowledge they need to “Fire Cupid.”
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Marketer applies engineering skills to lead creative firmRestricted Content

February 11, 2012
Ann Finch
Kathy Cabello left a lucrative IT career to start Cabello Associates Inc., a marketing consultancy celebrating its 10th anniversary this year.
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DeveloperTown sees sale of first company it helped fund, coachRestricted Content

February 4, 2012
Chris O'Malley
Daily Lunch Deal sold last month after just a year in business, marking a milestone for its venture-firm mentor.
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Travel club startup patterned after Ambassadair trying to raise $5 millionRestricted Content

February 4, 2012
Chris O'Malley
A former employee of Ambassadair travel club is trying to raise $5.3 million to finance the first six months of a business created in its image.
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Techies aim to make money from memoriesRestricted Content

February 4, 2012
Chris O'Malley
Two DePauw University graduates are launching a website they hope will preserve the world’s memories, through a virtual bank of shared experiences.
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Stout's Shoes expects website to become its largest 'store'Restricted Content

February 4, 2012
Sam Stall
After years of failed attempts to create a viable Web presence, Stout's Shoes has finally plunged into cyberspace using the route experts say many small companies follow: giving the job to a young, tech-savvy family member with an aptitude for social media.
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Contractor uses 'process mapping' to overhaul businessRestricted Content

January 28, 2012
Andrea Muirragui Davis
ProClad Inc. founder Brad Hitzfield invested in a 30-year business veteran to help him remake his specialty construction firm when profits couldn't keep pace with revenue.
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Small businesses angle for piece of the big game

January 23, 2012
Andrea Muirragui Davis
More than 400 companies statewide qualified for this year’s NFL Emerging Business program, an initiative that aims to open doors for minority- and women-owned enterprises seeking a sliver of Super Bowl spending.
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Indiana deals ranged upward of $800 millionRestricted Content

January 21, 2012
Mergers and acquisitions in 2011 ranged from WellPoint's acquisition of CareMore to a trucking company merger.
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Indianapolis-area mergers and acquisitions in 2011Restricted Content

January 21, 2012
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from MacAllister Machinery's purchase of a Caterpillar dealership in Michigan to Herff Jones' acquisition of a Memphis, Tenn.-headquartered maker of cheerleading uniforms.
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House bill would cut barber licensing requirement

January 19, 2012
Scott Olson
Besides no longer requiring barbers and cosmetologists to be licensed, the bill also exempts dieticians, hearing aid dealers, private investigators and security guards.
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Extras help small firms boost business

January 14, 2012
Andrea Muirragui Davis
Small businesses like KnowSweat Workouts increasingly are adding products and services to keep revenue flowing during tight economic times.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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