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New management brings youth, profit: Industry experience makes hotel more professional

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…

Commentary: Chasing after the younger crowd

A couple of weeks ago, I ate lunch with an attorney friend who was telling me about his eldest daughter-born, raised and now living in Indianapolis. A 27-year-old registered nurse, she was preparing to move to Chicago because she thinks “there is nothing to do here” for people her age. This really hit home for me because I have two daughters in the same age range living here, and both are starting to talk about moving away for a while,…

ECONOMIC ANALYSIS: What’s your favorite economic indicator?

If you like to hear news about the economy, the information age has been a boon. Leave your television set on one of the financial networks, and you’ll see tickers, graphs and animations whizzing by as talking heads digest and dissect every morsel of market and economic information. Tell your computer to alert you to any news about a company, a country or an industry and it will pop up with tidbits all day long. And for a few bucks,…

BULLS & BEARS: Reflect if you must, but look ahead, too

Let’s peer back to a time a few years ago to see if there are any similarities to today. “Back then,” corporations were buying back their own stock as never before and pundits talked about the massive liquidity flowing into stocks. “Back then,” the U.S. market hit new all-time highs in the first half of the year, although professional investors were skeptical since the strongest global economy was in Asia. “Back then,” the economy was in the fifth year of…

SPORTS: Hoosiers will finish the revival Coach Hep started

It’s just not fair. Life and death aren’t always. Nonetheless, I consider myself fortunate to have been among those on hand this year for what was one of Hep’s last public speaking experiences, at an NCAA function. Per usual, Hep was witty, inspirational and ultra-enthusiastic as he talked about his program. If I didn’t have season tickets already, I would have rushed out and bought some. My last memory of him is a great one. I knew Hep going back…

Bigger not best for all: drophead Many attorneys find greener pastures in smaller practices after leaving major firms

not Bigger leaving best for red all tape drophead Many attorneys find greener pastures in smaller practices after leaving major firms When lawyers Debra Miller and James Fisher fled legal powerhouse Ice Miller LLP and the prestigious partner status they had earned, their stable of coworkers swiftly sank from nearly 250 to none. Yet 15 months later, after the pair left the largest law firm in the city, they say they’re quite content practicing together at Miller & Fisher LLC,…

Ice-sculpting experts carve lucrative niche in growing business

Once reserved for upper-crust weddings, ice sculptures-and their creators-have gone mainstream, finding their way to business
meetings, personal parties and hotel receptions nationwide. Of the 500 U.S. professional sculptors who design the icy artwork,
10 practice their craft in Indiana.

STARTUP MOBIUS LABS: Software tester tries training, too

STARTUP MOBIUS LABS Software tester tries training, too Type of business: software testing Location: 9229 Delegates Row, Suite 290 Phone: 218-7709 E-mail: [email protected] Web site: www.mobiuslabs.com Founded: March 2007 Owner: Alan Wlasuk Owner’s background: Alan Wlasuk, 56, has a bachelor’s degree in math from Drexel University and a master’s in computer science from Ohio State University. About 20 years ago, the software developer founded two local enterprises for AT&T. Then 14 years ago, he created software-development firm Wlasuk, Delporte and…

NOTIONS: When in the car, thou shalt do as I command

The Vatican did something unusual last week. It issued a new set of Ten Commandments. Unlike the originals, these aren’t for everyone. They’re just for motorists. They weren’t delivered on stone tablets inscribed by the finger of God, either. They were issued at a news conference by the Vatican’s office for migrants and itinerant people. Why drivers’ commandments? Well, according to the Associated Press, the Vatican believes cars can be “an occasion of sin,” particularly when used for dangerous passing…

INVESTING: Rising interest rates not a reason to get defensive

Investors the world over are in an uproar about the increase in U.S. interest rates over the last month. Fundamental guys are screaming that the cost of capital is now prohibitive to further growth. Technical guys are screaming that 25- year support levels were broken and now the floodgates are open to much higher rates. Somewhere a voice of reason needs to be heard. You’ve come to the right place. The fact is that interest rates have been trending higher…

Bar program takes aim at loan debt: Legal aid attorneys can get relief

In 2037, Melody Goldberg will be 57 years old and eligible for membership in AARP. While the lawyer at Indiana Legal Services Inc. has difficulty relishing the thought, she can at least look forward to the time when she’s finally liberated of her student loans. But for now, Goldberg, 27, can take solace as well knowing she’s content at the public service job she enjoys without worrying about how she’s going to make her next loan payment. The 2006 graduate…

HUMAN RESOURCES: If you hire in a hurry, you may feel bad for a long time

Of all the components of finding and hiring the right employees, employers consider interviewing job candidates the most difficult. If not done well, interviews can lead an employer to make the wrong decision. Why? Because job candidates rehearse their answers to the traditional interview questions, telling the employers what they want to hear. However, if employers ask behavioral based questions, job candidates can’t manipulate their answers as easily. Perhaps a scenario-a composite taken from typical real-life episodes-will illustrate the difference…

As barriers drop, even small firms go global: Local company pushed its blood monitor worldwide

Here’s one way to send your company’s revenue through the roof: Push your product into 70 countries around the world. That’s easier said than done, of course. But it’s exactly the path Polymer Technology Systems Inc. took to help quadruple sales of its cholesterol-checking device in the last three years. How Indianapolis-based PTS pulled off the feat shows how even small companies in Middle America can become global enterprises in today’s economy. In fact, the possibility of worldwide expansion is…

RETURN ON TECHNOLOGY: Want young employees? Get young technology

I thought I’d explored just about every purpose to which computer hardware and software would lend themselves, but Neil Taflinger of Intake magazine tossed me a new one in the May 17 issue. Technology, he says, is a tool for retaining young employees. Could be, I suppose. Taflinger is one of those young employees he talks about, a real Gen X’er, so he might have some insight here. According to Taflinger, Gen X’ers partly judge any company they work for…

VIEWPOINT: When visionaries, bean counters collide

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…

Horse track owners vie for control

Indiana’s two horse tracks could change hands as investors race to come up with the $250 million required to add thousands
of slot machines. The steep cost of a state license combined with the potential of a lucrative payoff has stakeholders in
Shelbyville-based Indiana Downs and Anderson-based Hoosier Park jockeying for position.

Chrysler plant redevelopment might be slowed by lien

An Indianapolis firm that helped haul away the demolished DaimlerChrysler Corp. foundry last year has placed a mechanic’s
lien on the automaker’s property, potentially complicating the sale of the 34 acres already challenged by environmental issues.

Phone providers eyeing small biz: Competition heats up to serve growing companies

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…

Benjamin to step down next year as ISU president

Lloyd W. Benjamin III today said he will step down as president of Indiana State University when his contract expires June 30, 2008. Benjamin has been president of the Terre Haute university for seven years. He said he and his wife have other personal and professional ambitions they’d like to pursue.

Bank leaving flagship corner

Flagstar Bank will likely vacate one of downtown’s highest visibility corners, at Meridian and Washington streets, later this year. Midland Atlantic is marketing the 3,500-square-foot space in 2 N. Meridian St. as an…