Tag Archive | "startup"

Plug Into the Indianapolis Startup Community (via StartupSpectator.com and IndySpectator)

Tags: , ,

Plug Into the Indianapolis Startup Community (via StartupSpectator.com and IndySpectator)


Nothing like spreading the startup love around.  Our friends over at StartupSpectator.com and IndySpectator.com posted a nice article about the some of the resources around Indy / Indiana for the startup community. IndianaStartup.com was mentioned, along with some other great resources and events.  You can read the full post below.  If you haven’t already, make sure you sign up for IndySpectator.com – an email based “succinct guide to the most important happenings and events occurring everyday in Indianapolis and the surrounding area.” And make sure to check out StartupSpectator.com.

So you’re interested in starting a business someday? I know that’s an aspiration I have that’s probably shared with quite a few of you. Yet few people actually achieve the dream of starting their own company. There are myriad of reasons of why that’s the case, but I think one of the biggest ones is the inability to find support or a partner that can help you build a business. Think about some of the most successful companies of our time. Bill Gates had Paul Allen with him every step of the way at Microsoft. Steve Wozniak was there to hack together a new kind of computer with Steve Jobs at Apple, and Mark Zuckerberg relied a lot on Chris Hughes and Dustin Moskovitz when he was building Facebook. Great companies are usually built by a team because, let’s face it, rarely is anyone as good enough at every aspect of business to be able to handle it alone.

But how do you find the right people to partner with and/or support your business? We have you covered, and lucky for you, Indianapolis is starting to grow a fairly strong entrepreneurial community. Check out these resources and events if you’re a budding entrepreneur or even if you’ve always kept the thought of starting your own business in the back of your mind.

Startup Spectator

Startup Spectator is our sister site so we’re a little partial. Still, it’s beginning to grow into a great source of information on what is currently going on in the startup community. On Startup Spectator you’ll find news on local startups, interviews with entrepreneurs, and op-ed’s from people involved in the community.

IndianaStartup.com

Another great source of information is IndianaStartup.com, but with a slightly different angle. IndianaStartup.com features a collection of tips for entrepreneurs, which will help you cover the bases when you do decide to launch your business. You’ll also find profiles on local startups so you can get a feel for the kind of businesses that are just starting out in our community.

Startup Digest
Startup Digest is a national publication that covers events related to entrepreneurship and technology. We’re lucky to have a dedicated Indianapolis list that comes to your inbox once a week on Monday mornings with all of the startup related events happening throughout the week. It’s great for technology enthusiasts with several events dedicated to discussing the latest programming trends and also great for people generally interested in business with networking events and high profile speakers.

Verge
If you only took my advice on one of these recommendations then Verge would be it. Formerly known as Hackers and Founders, Verge is a once a month meetup at the Earth House Collective downtown where hundreds of entrepreneurs, investors, and “hackers” converge to pitch new business ideas and discuss what’s coming next. If you’d like to connect with the who’s who of the Indianapolis startup community then you absolutely need to come to this event. You can sign up on the Meetup page and also look for the new Verge websitecoming soon.

Startup Weekend
This might be the best way to force yourself to get started working on a new business. Startup Weekend is a 54 hour marathon (don’t worry you’ll have time to sleep…but maybe not much!) where you quickly form a team and start working on a new business. The goal is to have that business ready to launch by the end of the weekend. It may not be perfect and adjustments may have to be made, but at least you’ll have the foundation of a new business just by coming to this event. The next weekend will be April 8-10 at the Purdue Research Park.

Now go get involved in the vibrant entrepreneurial community that is growing in Indianapolis!

Posted in Indiana Startup NewsComments Off on Plug Into the Indianapolis Startup Community (via StartupSpectator.com and IndySpectator)

Building a Successful Startup – Tips from the CEO of Formstack.com

Tags: , ,

Building a Successful Startup – Tips from the CEO of Formstack.com


This post is part three of a three post series.

In last week’s post, Chris Byers, CEO of Formstack LLC, gave us a few tips on what it looks like to build a successful start-up. This week, he will continue his discussion in Part Two by adding a few more encouraging pieces of advice on building business success.

4. Build Momentum.

We commonly tend to think that the day we release our software or service, the biggest part of the work is done.  It’s not.  My approach is to hink of life and business as a marathon rather than a sprint.  While I have only run a half-marathon to date, my preparation takes place over the course of months and my distance slowly increases over that course of time.  Even then, improving my half-marathon time over previous records takes years of consistently deciding to get out and run, committing to tweaking my running strategies and the resulting run-time.  In the same way, you too need to build your startup over a number of weeks and months with small victories each week rather than hunting the big wins once a quarter.  This will allow you to build momentum in your product as well as excitement about the days ahead.
5. Keep Expenses Low.

I tend to be very debt averse, though there used to be a day when I wasn’t.  In my first startup, we started heavy with five staff members that needed to get paid each month.  In addition, we got this idea that having awesome marketing and logos were going to make us successful.  While the logos were pretty, that commitment cost us a great deal financially in the short-term.  Also, we thought that nice offices were a key to running our software business.  Three years of personal guarantees were wrong for our business and wrong for my personal finances.  And finally, I fell for the “lease a car to save taxes” trap and committed myself to $20K of a brand new car.  In the end, all of these debts and costs were a great detriment to our ability to make wise decisions for our company.  The good news was that if we had been successful, we might have blown the money anyway. This told me I needed a few lessons in stewardship before my next startup.

I hope these tips were helpful for those of you thinking about starting up your own company. There are always going to be lessons you have to learn along the way, but it’s always good to take as much advice as possible. Good luck in your venture.

If you have any questions or comments for Chris, contact him at Chris.Byers@formstack.com.

—–

Formstack LLC., is an Indianapolis, Indiana located company with a mission to give businesses and organizations of all caliber a solution to their online needs. Formstack provides a way for companies to develop, design, create, and manage online forms with little to no knowledge of HTML coding or programming. Users can create any type of form desired including surveys, contact forms, event registrations, and more. These forms are used by companies with a desire to collect data in a smarter, more convenient and stress-free way. Formstack’s online forms can also be integrated with multiple third-party applications. Check out Formstack athttp://www.formstack.com.

Posted in Featured Founders and CEOs, Starting a BusinessComments (1)

Building a Successful Startup – Tips from the CEO of Formstack.com

Tags: , ,

Building a Successful Startup – Tips from the CEO of Formstack.com


This post is part one of a three post series.

Chris Byers is the CEO of Formstack and runs the day to day operations of the company. He has been a fan and avid user of Formstack for many years but has only recently joined the team in March 2010. Byers understands the hardships that come along with starting a company and surviving the up’s and downs of the it’s life. As CEO, Indianastartup.com asked Byers for a few local tips.

Over the years, Byers has been the founder of a number of businesses in many different capacities.

Byers understands that the ability to say that you want to be a part of a startup or the owner of a business is the easy part. The work of actually being in that role is very different. In the end, a great full-time job can be more rewarding than owning or running a company that doesn’t match your personality. “In past businesses, I thought I knew what I wanted but each experience has simply been a journey and an education for today,” said Byers.

Business Model/Concept

As someone who came on the scene a bit later in the company’s existence, Byers only knew what he had experienced from the outside.  Formstack started in March of 2006 as a solution to its founder’s (Ade Olonoh) frustration with the tedious work of creating forms for his clients.  Olonoh developed an idea that would make the process simpler and along the way, created a tool available to everyone.  From day one, the form builder gained some traction and had signups for the product.  It took about 18 months to realize that it had the legs to decide that he could base a company around the product.  At that point it became time to look for some funding to assist in growth and find the right team to begin marketing Formstack.

In the Part Two of his post, he will share some helpful advice on what it looks like to be successful in a start-up venture.  Check back in a few days.

—–

Formstack LLC., is an Indianapolis, Indiana located company with a mission to give businesses and organizations of all caliber a solution to their online needs. Formstack provides a way for companies to develop, design, create, and manage online forms with little to no knowledge of HTML coding or programming. Users can create any type of form desired including surveys, contact forms, event registrations, and more. These forms are used by companies with a desire to collect data in a smarter, more convenient and stress-free way. Formstack’s online forms can also be integrated with multiple third-party applications. Check out Formstack at http://www.formstack.com.

Posted in Featured Founders and CEOs, Running a Business, Starting a BusinessComments Off on Building a Successful Startup – Tips from the CEO of Formstack.com


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