Tag Archive | "indiana startups"

What Makes Indiana a Great Place to Start a Business – Part I

Tags:

What Makes Indiana a Great Place to Start a Business – Part I


Our mission here at IndianaStartup.com is to not only help entrepreneurs and startups by providing useful information from all of our guest bloggers – we want to get the word out about why Indiana is a great place to start a business (see tag line at top of screen).  One of the questions I have been asking each of our featured startups is “In your opinion, what makes Indiana a great place to start a business?”  Lots of people around this state have opinions on this topic – but really – who knows better than the people that are in the trenches.  I have included a summary post below of all the responses we have received to date.  Have something to add?  Leave a comment!

“In your opinion, what makes Indiana a great place to start a business.”

The people in Indiana—especially central Indiana—are wonderful. They are intelligent, hard-working, and proud of their state. They want to turn central Indiana into a hot spot of entrepreneurial activity, and they’re passionate about that goal. These people are the reason why the entrepreneurial community here is growing so rapidly. Another thing that makes Indiana a great place to start a business is the limited amount of government interference. Bigger governments in other areas can make starting and growing a business more difficult than it has to be.    – Matthew Barloh, Sales and Marketing Manager, Giggil.com

Indiana’s startup culture is beginning to gain national recognition. We have a history of creating some great online marketing and software companies. There is a lot of talent, and because the startup scene is still relatively small, the competition for that talent is not as great as it is in other areas.  – James Paden, Founder, Emailium.com

Indiana has a very active tech community. We’ve seen it with groups like the newly rechristened “Verge” and with Indianapolis Startup Weekends. Additionally, there are communities in Indiana that are interested in bringing in new businesses and are willing to help. We’ve been fortunate enough to partner with the city of Shelbyville, who wants to bring more tech jobs to their area and have funds budgeted for economic development. Communities like Shelbyville are becoming more proactive in bringing in jobs and it makes this a great place to start a business. – Andrew Morin, Cofounder, LifeShare Technologies

I love Indiana. I have started several companies here (from lawn care to .com’s to a real estate company) and enjoy the people, low cost of doing business, and opportunities. – David Hosei, Founder, eFamily.com

Indiana is a wonderful state, full of interesting people and strong demographics. As a marketer, Indianapolis serves the purpose of “concept” testing very well and is ideal for an endeavor such as launching your own online business. More specifically, the city of Indianapolis, has provided a great opportunity for profitability and growth for Snappening.com for a number of reasons, the first and foremost being its pending spotlight associated with the 2012 Super Bowl. While investment has slowed or stopped elsewhere in the country, the Indianapolis region continues to flourish to meet the demands of its industries. The ten-county region surrounding Indianapolis is literally “raising the game” with its high-profile event preparations. The most noteworthy of these preparations being the multi-billion dollar investments in new event facilities such as the Indiana Convention Center’s expansion (moving Indy from the 32nd to 16th largest meeting facility option in the nation) and the construction of the new JW Marriott.  Indianapolis has nowhere to go but up in our nation’s meeting and event industry profile, and we certainly want to be part of a collective effort to make this process the best it can be. Being a Hoosier native myself, I couldn’t think of any other place I’d rather start that right here at home. – Crystal Grave, Founder, Snappening.com

If I have learned anything in this process, it is that Indiana is just wide open for so many opportunities. There are many businesses that are absolutely booming in bigger cities that have not come to Indy, and I have also found that people are just so supportive of local business. Indy has a lot of great resources and a population that wants to see our city on the cutting edge. Tiffany Schutt, Cofounder, PrettyIndy.com

I’ve never seen anywhere as open to networking as Indiana and specifically Indianapolis. Also, once you’ve found a great networking group that meets the necessary requirements (same target audience, sales cycles, etc) they actually begin to work FOR you and with you to help you grow your business faster than you’d ever be able to alone. John Cannon, Founder, MyCarDoc

Indiana…like any place in the United States is a great place to start a business. That’s what I love about this country. We don’t live in a caste system. There are no limits to what you can do if you are willing to work for it. The United States is fertile ground for entrepreneurs. – Mike Reed, Cofounder, Guardian Tracking

Indiana is a great place to start a business for the simple fact of the incredible amount of support and network opportunities available to entrepreneurs throughout the state. I firmly believe that once a startup begins networking they will find that we have a small town “everyone knows everyone” environment. – Josh Koch, Cofounder, TheTyros.com

Posted in Featured Indiana Startups, Why Indiana?Comments Off on What Makes Indiana a Great Place to Start a Business – Part I

Featured Startup – Giggil.com

Tags: ,

Featured Startup – Giggil.com


Today’s featured startup is Giggil.com, a startup with a simple yet brilliant business model – they take your used stuff and sell it online for you (right now just books, CDs, DVDs and video games – but I am guessing they won’t stop there).  Despite how prevalent selling used goods online has become, there are lots of people and organizations out there that either don’t have the time, the inclination, or the know-how to sell their stuff online.  Others just are no good at (me for one).  Plus there is more to selling books online than posting an ad on craigslist – at least if you want to be successful doing it.  The price needs to be right, the proper online marketplace needs to be identified, the books needs to be properly described…etc.  Giggil does this and more – streamlining the whole process.  Giggil is yet another example of innovative central Indiana entrepreneurs identifying a niche (a HUGE niche, right in plain site, that everyone else seems to have missed), and figuring out a way to commercialize it. I can’t wait to see where they take it next.

Tell us about your startup…your words…whatever you want to say.

Selling used goods online is broken. It is complex and convoluted, and it has left many people feeling confused and discouraged. Giggil decided we were going to do more than just simplify the process, we were going to improve it. In May 2009, Giggil took our first strides towards improvement by creating an easy, environmentally conscious alternative to selling online. Right now, Giggil is an online consignment shop for books, CDs, DVDs, and video games. We help individuals and organizations make more money with almost no effort by marketing and selling their books and media online for them

How did you come up with concept for your business, and how/when did the business model for that concept become clear?

The founders of Giggil wanted a business that could be profitable, and ultimately become national or global in scope. The founders also wanted to start small and without a lot of fundraising. Most importantly, the founders wanted a business that could change the world in a positive way. The trick was finding a big idea on which the business could grow once it had become cash flow positive. To determine which business met all those requirements, the founders debated hundreds of ideas, and the idea for Giggil came out on top

What made you first believe that starting a business is right for you (i.e. as opposed to working for someone else)

Giggil’s CEO likes to joke that brain damage in his childhood made him want to start businesses, but really I think it’s his ability to recognize opportunities for change in the world, and develop businesses that take advantage of those opportunities. When someone has the ability to recognize opportunities like that, the decision to start and grow a business probably comes naturally.

What challenges have you encountered?

We wanted to begin by selling all types of used goods online, but we had to sacrifice that desire in order to perfect our model and build a foundation for rapid future growth. So, we decided to start by selling just books and media. We’re glad we decided to start that way, but we’re excited to ultimately move into all types of used goods.

We’ve also had to sacrifice time and energy. Building a business is thrilling, especially for a great company like Giggil, but it requires a lot of dedication. Most of us work 60-80 hours a week, if not more than that, just to grow the business as quickly as possible.

In your opinion, what makes Indiana a great place to start your business?

The people in Indiana—especially central Indiana—are wonderful. They are intelligent, hard-working, and proud of their state. They want to turn central Indiana into a hot spot of entrepreneurial activity, and they’re passionate about that goal. These people are the reason why the entrepreneurial community here is growing so rapidly. Another thing that makes Indiana a great place to start a business is the limited amount of government interference. Bigger governments in other areas can make starting and growing a business more difficult than it has to be.

If you could give an entrepreneur looking to start a business one piece of advice…what would it be?

Value each and every customer very deeply. Your customers will be the lifeblood of your business; without them, your business will wither and die. So, it’s not enough to simply act like you care about your customers; you must really care about them and their success, because when they succeed, you will too. At the same time, monitor your customer acquisition costs and try to keep them as low as possible.

 

Stat Sheet:  Giggil.com

 

Posted in Featured Indiana StartupsComments Off on Featured Startup – Giggil.com

Featured Startup – LifeShare Technologies

Tags: ,

Featured Startup – LifeShare Technologies


Today we profile another Indiana tech startup – LifeShare Technologies.   These guys have a novel and gutsy concept – take the communications tools of choice for today’s youth (email, sms, social media) – and get them in front of and used by aging members of the population via the television.  If you think about how prevalent those forms of communication have become – it only makes sense to try facilitate their use by older segments of the population.  I can already envision getting a text from my grandmother (delivered from her TV to my iPhone) asking me to bring her over some cat food.  Thanks LifeShare!  It is worth noting that LifeShare just this week inked a deal with the City of Shelbyville, complete with some hefty incentives, to become the first tenant at the Intelliplex business incubator.  Congrats Lifeshare!

 

Tell us about your startup…your words…whatever you want to say.

As family members age, it can become more difficult to stay in touch with them. Our lives are moving at an ever-increasing pace, and our methods of communication are constantly evolving. LifeShare technologies aims to encourage and simplify communication by allowing us to use those methods with which we’re most familiar – email, SMS, social networking, etc – while enabling the aging population to receive those message using a medium with which they are comfortable – the television. Our service aggregates these forms of communication, as well as other content such as news articles, and presents them to subscribers in a simple to use television-based interface.

What challenges have you encountered?

We are venturing into a market we have not worked in previously, which presents a challenge. Understanding your market is key, because the product you eventually sell rarely matches the concept you initially come up with – it has to evolve to meet the needs of the consumer. If you don’t have a full grasp on what your market needs, that evolution becomes difficult. We’ve learned so much already about both aging care and family communications, and that process is going to continue. Being as agile as possible with your product’s features and focus is key.

In your opinion, what makes Indiana a great place to start your business?

Indiana has a very active tech community. We’ve seen it with groups like the newly rechristened “Verge” and with Indianapolis Startup Weekends. Additionally, there are communities in Indiana that are interested in bringing in new businesses and are willing to help. We’ve been fortunate enough to partner with the city of Shelbyville, who wants to bring more tech jobs to their area and have funds budgeted for economic development. Communities like Shelbyville are becoming more proactive in bringing in jobs and it makes this a great place to start a business.

If you could give an entrepreneur looking to start a business one piece of advice…what would it be?

Be flexible. As I mentioned, you never know what you’ll encounter or how the needs of your market will change. Unless you’re ready to adapt to what you see, you won’t make it very far.

 

Stat Sheet:  LifeShare Technologies,LLC



  • Website:  www.lifesharetech.com
  • The People: Andrew Morin, Josh Esslinger, Co-founders
  • When was the business founded: 2010
  • Twitter: @lifesharetech
  • Business Description in 140 Characters or less:  The goal of LifeShare Technologies is to keep the aging population connected with family and friends through technology.

Posted in Featured Indiana StartupsComments Off on Featured Startup – LifeShare Technologies


Powderkeg Conference
The Speakeasy - a place for Indianapolis-based entrepreneurs, startups, and the folks who support them to work, play, and collaborate
Launch Fishers

  • Latest
  • Popular
  • Comments
  • Tags
  • Subscribe
IndianaStartup.com on LinkedIN.com