Small Business

MICKEY MAURER: No gala, but a glorious grand openingRestricted Content

September 10, 2007
In 2006, the Indiana Economic Development Corp. closed almost 200 transactions. Many recipients of the IEDC largess marked the opening of their job-creation activities with hightech galas featuring products rolling down gangways accompanied by the applause of dignitaries and well-wishers. Recognizing that attendance at these ceremonies was not an efficient use of time, the IEDC adopted the mantra, "We don't cut ribbons, we just cut deals." With rare exception, ribbon-cutting was left to the politicians. Last month, I participated in...
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LESSONS LEARNED ALBERT RENE TREVINO Owner, Rene's Bakery:Restricted Content

August 27, 2007
-Tammy Lieber
LESSONS LEARNED ALBERT RENE TREVINO Owner, Rene's Bakery As most entrepreneurs can attest, the process of running a small business includes facing plenty of challenges. But viewing those potential obstacles as opportunities has helped Albert Rene Trevino build Rene's Bakery Inc. into a growing enterprise with a solid reputation. One of his biggest trials was getting the doors to his Broad Ripple shop open. Trevino had just parted ways with a former employer in 2004 when he stopped by the...
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Small biz tax bills rising, too: Extra expense narrows marginsRestricted Content

August 27, 2007
Jennifer Whitson
Area homeowners weren't the only ones to get a shock when they opened their 2007 tax bills. Some small-business owners also saw their bills skyrocket-putting a strain on entrepreneurs who often operate on razor-thin margins. "It's catastrophic for some businesses," said Kevin Hughes, state director for the National Federation of Independent Business's Indiana chapter. Mike Hutson, owner of Westfield Lighting Co., certainly feels the pain. The bill on his commercial property-several acres and a 22,500-square-foot building-increased from $42,000 in 2006...
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An update on three women-owned startups: Innovative ideas lead to business expansionRestricted Content

August 13, 2007
Invoke In addition to the yoga and pilates classes offered at Invoke, owner Amy Peddycord has added clothing from Lululemon, a popular Canadian apparel brand. She also has established a relationship with Santa Monica, Calif.-based Yoga Works, which has 14 studios throughout California and New York. Yoga Works will lead a teacher training program at Invoke in 2008. Peddycord says hiring an office manager in 2006 was the best thing she's done. "Nicole [Schoville] quickly grew into the role and...
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Software startup Vyante measures online chatter: Two-man firm lands $200,000 in grants, readies for product launch through beta tests with corporationsRestricted Content

August 6, 2007
Peter Schnitzler
To make money on new software, sometimes you have to give it away. Thanks to that counterintuitive approach, tiny local IT startup Vyante Inc. has persuaded companies like Eli Lilly and Co., Roche Diagnostics, Dow Agro-Sciences and 5MetaCom to test the beta version of its new software, which tracks and measures the impact of their brands online. Vyante hopes eventually to convert the companies into paying customers. "We've persisted against the odds," said Vyante Senior Technologist Benjamin Ranck. "It was...
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RETURN ON TECHNOLOGY: Cell phone technology still socially backwardRestricted Content

August 6, 2007
Tim Altom
I'm standing in the Convention Center downtown, looking down sourly at my cell phone. The designers of the phone have failed me, and I want to know why. It was the IUPUI graduation last May, and the hallways were filled with thousands of people in fancy dress and black robes. I was trying to contact just one of those thousands, but I didn't know his cell number. I knew he was there, and probably within a hundred yards, but without...
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Opportunistic VMS builds event-planning powerhouse

August 6, 2007
Jennifer Whitson
Local hospitality firm's early work with Lilly helped it carve out a major niche in the pharmaceutical market.
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STARTUP GAZELLE WEB & CONSULTING LLC: Entrepreneur offers to help entrepreneursRestricted Content

July 30, 2007
-Amanda Getchel
STARTUP GAZELLE WEB & CONSULTING LLC Entrepreneur offers to help entrepreneurs Type of business: Consults with startup and growing companies Location: 885 Waveland Lane, Greenwood Phone: 450-7746 E-mail: lott.brandon@gmail.comWeb site: www.gazellewebandconsulting.comFounded: December 2006 Owner: Brandon Lott Owner's background: Lott, 33, grew up in the south side of Indianapolis and graduated from Indiana University in 1998 with a health care degree. He went to New York in 2005 to work as an operations manager for retailer Alan Flusser Custom Shop, but...
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Entrepreneurs getting younger: Corporate downsizing gives rise to 'e-generation'Restricted Content

July 30, 2007
Amanda Getchel
From selling shark tooth necklaces to his neighbors during summer vacations in Florida to running an online auction site that benefits charities, he's no stranger to the hard work that comes with starting a business. "I'm interested in new things and looking into new things," said Gough, who is among a burgeoning group of young entrepreneurs not content to work for others. They'd rather strike out on their own. In fact, nearly 71 percent of the 1,474 youth who participated...
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Startup drug firm lands veteran help: Immune Works, a fledgling firm with a promising lung drug, attracts former Indiana Health Industry Forum leader LangeRestricted Content

July 23, 2007
Scott Olson
A startup firm using Indiana University medical research to treat a fatal lung disease is raising money for clinical trials and has recruited a prominent life sciences veteran to lead the effort. Michael Klemsz, an associate professor at the IU School of Medicine, and Dr. David Wilkes, director of the school's Center for Immunobiology, founded Immune Works LLC in January 2006 along with Ronald Meeusen. Meeusen, a former Dow-AgroSciences researcher and BioCrossroads executive, served as a part-time president and CEO...
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VOICES FROM THE INDUSTRY: For a healthier economy, we need healthier HoosiersRestricted Content

July 23, 2007
Mark Miles
Indiana needs a trip to the doctor-and a stern lecture when we get there. We're among the nation's unhealthiest states. More than one of every four Hoosiers is obese, and we rank among the 10 worst states for smoking and high cholesterol. The outcomes should come put more stress on the system and drive up prices and premiums for everyone. Gov. Daniels has signed a progressive bill that provides affordable health insurance with a medical savings account plan to Hoosiers...
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State beefs up incentives available to tech companies:Restricted Content

July 9, 2007
Scott Olson
Companies receiving a Phase 1 SBIR match from the state need to apply for second-stage funding by July 20. Applications can be downloaded on the IEDC Web site. The proposal for funds should be no longer than 12 pages and include a commercialization plan describing how the product would be moved to market and any challenges that would need to be overcome. The proposal also should include a budget describing the funds required for The Indiana Economic Development Corp. has...
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Insurers hope new law boosts their speed to market: But some entrepreneurs fear dereg could burn themRestricted Content

July 2, 2007
J.K. Wall
Small businesses should be able to purchase new kinds of property, casualty and Worker's Compensation insurance quicker than in the past under a new state law that delays regulatory oversight of new products. But some business owners say the law puts them at risk of buying insurance that includes surprise clauses -- since regulators won't be checking them in advance. The law rolls back regulations that slowed insurance sales in Indiana by effectively requiring insurers to clear new products with...
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PROFILE: Georgetown Chiropractic Clinic PC: Demand spurs chiropractor to grow clinic Massage, Pilates, yoga classes round out northwest-side practiceRestricted Content

July 2, 2007
Jo Ellen
P RO F I L E Georgetown Chiropractic Clinic PC Demand spurs chiropractor to grow clinic Massage, Pilates, yoga classes round out northwest-side practice If life gives you a pain in the neck, chances are you've sought relief from a specialist at working out the kinks-like Georgetown Chiropractic Clinic PC. Chiropractic use has tripled in the last two decades, according to research published in the Annals of Internal Medicine. To accommodate some of that growth locally, Georgetown Chiropractic has doubled...
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Law firms team up to encourage minority participation: Bingham McHale forms alliance with Coleman Graham & StevensonRestricted Content

July 2, 2007
Scott Olson
A surge in the number of corporations seeking minority participation on contracts has prompted an alliance between two local law firms looking to capitalize on the trend. The June affiliation between Bingham McHale LLP, the city's fifth-largest practice, and Coleman Graham & Stevenson LLC, a minority-owned upstart, resulted from mutual friendships within the two firms, said Toby McClamroch, Bingham McHale's managing partner. "The marketplace is becoming more complex, and the business community is demanding and expecting a multicultural and diverse...
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New management brings youth, profit: Industry experience makes hotel more professionalRestricted Content

June 25, 2007
Jennifer Whitson
After unwrapping gifts on Christmas Day 2005, Colleen Fanning got something else from her dad: an offer to run the small inn he bought in 2002. Bill Fanning spent more than two years tearing down, rebuilding and expanding the Brick Street Inn, a fixture on Main Street in Zionsville. But it struggled financially after reopening in the fall of 2004, and his patience was at an end. "He told me: 'Either I'm going to sell the inn or you can...
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VIEWPOINT: When visionaries, bean counters collideRestricted Content

June 25, 2007
Jason Smith
I am a dabbler. The upside of dabbling is that one gets involved in a number of diverse projects throughout one's career. Some great successes, some galactic failures. Either way, the dabbler learns much about many things along the way. One of the lessons learned in a life of dabbling is the unlikely symbiosis between visionaries and bean counters. Like particles of matter and anti-matter in the universe, one cannot exist without the other. And yet, their uncontrolled collision can...
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Phone providers eyeing small biz: Competition heats up to serve growing companiesRestricted Content

June 25, 2007
Jennifer Whitson
It seems that, in the phone world, everybody loves small businesses these days. AT&T, central Indiana's primary landline provider, is highlighting small-business offerings in its recently re-branded Cingular stores throughout the region. Cable company Comcast, meanwhile, is rolling out its small-business phone options over local lines and Bright House Networks plans to get in the game within a year. Then there are the scrappy, independent providers such as locally based Indiana Telephone Co. Inc., which have expanded their offerings to...
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IU life sciences startup attracts former Lilly exec: INphoton attempts to commercialize high-tech cellular imaging techniquesRestricted Content

June 11, 2007
Peter Schnitzler
It doesn't have a headquarters or any full-time employees yet. But local life sciences startup INphoton LLC has attracted something equally important: an experienced manager. This month, INphoton hired Steven Plump, Eli Lilly and Co.'s former chief marketing officer, as its CEO. Plump, who retired from Lilly in 2006 after a 30-year career there, hopes to commercialize the high-tech research imaging techniques that INphoton's founders discovered in Indiana University laboratories. In the process, INphoton could cut pharmaceutical companies' cost of...
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Veteran grocer plays new role: O'Malia teaches customer service as training-firm VPRestricted Content

May 28, 2007
Jennifer Whitson
In the late 1950s, when Daniel O'Malia was a kid working in the first store his father owned, he would often keep busy weighing and bagging potatoes. But on occasion, a customer would ask for something the small grocery didn't stock. Joe O'Malia would hand his son some change and tell him to run to a nearby Kroger grocery to pick up the item. He had the competitor's prices memorized and always gave his son the right amount. "He would...
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Classic Niche: Local insurer riding wave of classic-car enthusiasmRestricted Content

May 28, 2007
Jennifer Whitson
In 1993, Dan Yogodnik started a business with a friend that leased out exotic cars for special occasions. The biggest hurdle the partners encountered was lining up insurance for the cars. That experience spurred Yogodnik, who had been working in the banking industry, to start his own insurance firm. "If we had our own insurance agency, then we wouldn't have to chase all over the country [for the niche policies]," he said. What started out as a side business targeting...
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Law lets small employers band together for insurance: Experts disagree on whether associations will take offRestricted Content

May 28, 2007
Scott Olson
The Healthy Indiana Plan, which enacts a system to bring affordable health insurance to low-income Hoosiers, is one of the most far-reaching pieces of legislation to arise from the General Assembly this spring. The noble cause could provide coverage to about 15 percent of the state's population. Yet it could affect the small-business community as much as the state's growing number of uninsured. House Bill 1678, introduced by State Rep. Charlie Brown, D-Gary, and signed by Gov. Mitch Daniels May...
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Charity sees hope in Third World 'micro' lendingRestricted Content

April 30, 2007
Chris O'Malley
In the village of Armenia, in western El Salvador, the Barahona Bautista family last month got a $246 loan to start a pig farm from Ambassadors for Children. Micro loans are new to Ambassadors, which assists children in more than a dozen countries.
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Admitted 'geek' builds product-development prowess at Priio

April 30, 2007
Tammy Lieber
By Larry O'Cull's own admission, his company's northwest-side office is staffed with "a bunch of geeks," including himself. But as clients of product-development firm Priio will attest, it's hip to be geek. A tour of the office offers a glimpse at a playground for engineering-inclined grown-ups. One of the firm's 12 employees fiddles with the trigger on a paintball gun, while another tinkers with a concept for a propane-tank vending...
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Entrepreneurs eager to pamper your petsRestricted Content

April 30, 2007
Jennifer Whitson
Americans are spending more than ever on their four-legged friends, and savvy central Indiana entrepreneurs are among those cashing in.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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