Tag Archives: business books for women

5 Hot Industries to Start a Business in 2012

18 Dec
English: A business centre in Plovdiv

 

 

 

 

 

 

 

 

EMPLOYMENT SERVICES
Today’s business environment is hyper-competitive and constantly in flux. To increase response time, companies have turned to temporary employees, in an effort to stay productive while managing overhead. This trend is projected to continue through 2012, pushing up the employment rate in this sector by 54%. Interestingly, employment services will be a major player in the home healthcare industry, the sixth best industry to start and grow a business, according to our survey. Hospitals and other medical facilities will rely heavily on temporary workers to meet the needs of the aging baby boomers. All told, between now and 2012, the sector should see a healthy output rate of 5.1% each year.

CONSULTING
As the economy expands and the nature of business becomes more complex, the demand for consultants increases, which helps explain the huge 55% job growth expectation for this industry, as well as a healthy 4.1% per year rate of output through 2012.Business consultants are projected to do well, based on the increasing number of businesses that will need help drafting business plans, budgets, and international strategies. Businesses also will continue to need consultants specializing in government compliance to help navigate the federal government’s sea of regulations.

HOME HEALTHCARE
While employment in the health service industry is projected to grow 28% by 2012, employment in the specialized home health care industry is expected to be nearly twice that, or 54.5%. Each year, over 7.6 million people are provided with home health care services. There are two reasons for this growth: demographics and medical advancements. In demographic terms, the number of people in older age groups is growing faster than the total population because of the post-war baby boom followed by a drop in the birthrate of American woman. Secondly, advancements in medical technologies have extended the lives of the very ill and the very old. The combination of these two factors means that the need for home healthcare and nursing and residential care will grow.

CHILD CARE
When women started pouring into the workforce 30 years ago, a new industry was created: childcare. The child day care service industry has become one of the fastest-growing businesses in the U.S. It takes in more than $11 billion annually, and it’s projected to get bigger, thanks to an expected increase in the number of woman between the ages of 15 and 44 entering the workforce. With the 40-hour work creeping upwards, parents will need more childcare services, particularly later into the evening and on weekends. For these reasons, the number of persons working in childcare is expected to grow 43% by 2012.

ENTERTAINMENT
The baby boomers are going to be the richest retirees in our nation’s history. So what are they going to do with their cash? Spend it, of course. With plenty of time and a penchant for enjoying life, the baby boomers are expected to drive the arts and entertainment sector, which is projected to increase in employment by 31.3% over the next decade.The arts, entertainment and recreation sector, which includes anything from golf courses to casinos, will also benefit from a younger clientele. Over the last decade, the saving rate among Americans has fallen, partly because of an increase in the cost of living, but also because of increase spending on discretionary items. This trend, coupled with the demand from baby boomers, provides entrepreneurs with many business opportunities.

For more information visit Inc.com





6 Hot Industries for 2011

27 Feb
DIY Business Card

Image by The Bottomless Paddling Pool via Flickr

6 Top Performing Industries for 2011 according to our friends at Inc.com

The Best Bets

Looking to launch a business in 2011 but not sure where the best opportunities for success lie? IBISWorld has targeted six industries heavily concentrated with small- and medium-sized businesses that are poised to grow in the year to come. The market researcher judged sectors based on a set of criteria including revenue growth, employment growth, current profits, and barriers to entry. Some, like e-commerce and advertising, may be old news at this point. While others, such as real estate appraisal, may surprise you.

 
Debt Collection Agencies

It’s nearly impossible to owe money these days without getting a barrage of phone calls on behalf of your creditors – thanks in large part to the rise of third-party collection agencies. The debt hounds will have plenty to chew on next year, as recoveries in employment and the housing market should free up cash to pay back outstanding loans, says IBISWorld. All they have to do is go get it. While the average agency now generates a profit margin of about 5.9 percent, the number will grow slightly in 2011 and eventually climb to 10 percent by 2015. This is due to some companies not wanting to chase down debtors themselves, instead preferring to give agencies a larger bounty.

2011 Revenue Growth: 4.1 percent
2011 Employment Growth: 0.5 percent
Barriers to Entry: Low

E-commerce and Online Auctions

If record sales during the holidays are any indication, online retail will continue booming and achieve double-digit revenue growth in 2011. Due to the increasing ease in setting up a website, small vendors are further penetrating the market. E-tailers have also upped the savvy factor with widespread discounts, targeted advertising, and elegant, efficient site design—all created to lure customers out of brick-and-mortar stores and onto the Web. Popular product categories include clothing, footwear, jewelry, electronics, sporting goods, toys, and furniture, often sold through online commerce communities such as eBay, Newegg, and Etsy.

2011 Revenue Growth: 11.4 percent
2011 Employment Growth: 6.1 percent
Barriers to Entry: Low

Environmental Consulting

Thanks to the confusion over increasingly strict environmental rules, these consultants should be in high demand. Companies in fields like construction and waste management turn to consultants to navigate the various environmental waters, while others simply hire them to enhance their image. As economic conditions improve, consulting firms will be needed to audit new buildings and the underlying land for environmental safety. And with sustainable homebuilding on the rise, a growing number of homeowners will enlist environmental services as well.

2011 Revenue Growth: 7.5 percent
2011 Employment Growth: 7.2 percent
Barriers to Entry: Low

Real Estate Appraisal

Recovery in the battered real estate market is likely to be slow going, but this area should be among the first to improve. Existing home sales are expected to pick up, giving appraisers plenty of work. Additionally, as the recession wanes and low interest rates persist, businesses looking to expand will boost the commercial markets as well. And don’t let the relatively weak employment forecast fool you: most firms in the industry are single-owner operated or small independents that don’t need to take on employees to grow.

2011 Revenue Growth: 8.8 percent
2011 Employment Growth: 3.8 percent
Barriers to Entry: Low

Advertising Agencies

Agencies that create online, targeted, and integrated ad campaigns will compete for a healthy allotment of ad dollars in 2011. IBISWorld projects improvements in consumer sentiment, and corporate profits in the coming year to drive an increase in media expenditures. Digital media in particular will be the recipient of an increasing amount of ad dollars, with some experts expecting spending in the space to double in the next five years. Companies able to reach the nascent mobile market and targeted niches will be the big winners.

2011 Revenue Growth: 3.5 percent
2011 Employment Growth: 3.9 percent
Barriers to Entry: Medium

Job Training and Career Consulting

With only mild job growth expected next year, workers competing for limited openings will need to differentiate themselves with improved skills or develop new ones if they’re forced to switch careers. The job training industry will also get a big boost from government funding for programs focused on putting the unemployed to work and creating new jobs. Much emphasis has been placed in recent years on gaining new skills, which will both help people get jobs and improve business performance.

2011 Revenue Growth: 3.4 percent
2011 Employment Growth: 2.1 percent
Barriers to Entry: Medium

For more information visit www.inc.com

Cheap Hype for Your Business!!

1 Dec

Hello Ladies!

Looking for low cost ways to advertise your business?

Let us introduce you to one of our best kept secrets www.uphype.com

UpHype is a micro-payment marketplace where savvy people with unique talents and resources advertise to take your message and promote it in unique ways. Simply priced at $8, $16, or $24.

Anyone can create a hype or small service ad of what they’re willing to do to “hype” your message. Buyers can purchase hypes and are required to pay for the hype in advance. After the work is completed and accepted by the buyer, UpHype gives the task performer a whopping majority of the fee.

Hypes range from promoting your message to a user’s 300,000 Twitter followers, sending 60,000 traffic hits to your website, creating a video podcast, writing a press release or article for your blog and anything in between.

Hypes are divided into categories, including Social Marketing, Graphics, Writing, Eblasts, Flyers, SEO work, Website Back-links and whole lot more! To ensure that you get a good task performer, UpHype also post buyer feedback on people who perform tasks. Task performers will be given a positive feedback score, which can be seen by users who are considering hiring them for their hypes.

To learn more about Uphype visit their website at www.uphype.com

Million Dollar Cupcakes!

2 Oct

TOP GIRL of the month goes to Andra Hall

For Andra Hall, entrepreneurship was a matter of medical necessity. In 2004, her 1-year-old daughter underwent a string of surgeries to correct a severe case of sleep apnea. “I did major soul-searching to come up with something that would be flexible enough to let me be there when Camille needed me,” she recalls.

Settling on her longtime interest in baking, Hall created a business plan and by 2006, she and her husband, Curtis, refinanced their house to obtain the $40,000 they needed to launch CamiCakes Cupcakes (www.camicakes.com; 404-748-4288). The money allowed them to buy secondhand equipment, create marketing materials, and put down a security deposit on the Orange Park, Florida, space they would rent.

In 2008, another store opened in Jacksonville, Florida, and a third store the following year in Atlanta. CamiCakes, named for the couple’s daughter, generated $1.1 million in revenues in 2009 and anticipates $2 million by year-end. But Hall’s path to business ownership wasn’t all sweet.

With 18 cupcake flavors—the most popular being red velvet, sweet potato, and carrot cake—CamiCakes’ rapid growth was one of Hall’s greatest challenges.

The baking began each day at 6 a.m., and the doors were open to customers from 10:30 a.m. until 9 p.m.  When she opened the Georgia store, Hall drove the 350 miles between there and the Florida stores to oversee the baking and customer service in each store and handle all the paperwork. “I was just doing too much,” the 38-year-old recalls. “And then I got really, really sick and was down for more than two weeks.”

At that point, Hall knew she had to come up with a way to make sure each store could run without her constant attention. First, over the course of two months, she created a manual of operations so each store would have the same written standard operating procedures ranging from the recipes used to the steps to take if a register went down. “I’m more of a do er, so it was a challenge to have to stop and make sure everything was clearly documented for other people to understand,” Hall says.

Next, she chose one store to focus most of her energy on. Because Atlanta was the biggest market and the store there was the most profitable, Hall moved her family there and established it as CamiCakes’ headquarters. The third step, loosening the reins, was the hardest. Hall made the transition somewhat easier by hiring from within rather than seeking outsiders to manage the Florida stores. “I had faith that they could do the job,” she says.

Courtesy of BlackEnterprise.com

BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers.

Black Enterprise is another one of the City Girl Business Club’s favorite magazines.

Inc.com introduces America’s Coolest Entrepreneurs under 30..

7 Aug

As we always say at the City Girl Business Club, you’re never too young to start a business.

One of our favorite websites Inc.com always posts incredible stories about entrepreneurs who have launched successful businesses. We find their stories to be incredibly inspiring and think this is  a website  every entrepreneur should visit regularly.

We would like to share with you Inc.com’s list of 30 young entrepreneurs who are building incredible brands.

The list:

Name: Joe Mclure

Age: 29

Company: McClure’s Pickles

Website: www.mcclurespickles.com

2009 Revenues: $390,000

Story: Joe McClure spent his childhood in Detroit buying cucumbers and dill at farmers markets. Now, he pickles professionally. Today, an estimated 70 percent of McClures sales of pickles – a second, spicy, variety as well as new products such as relish and Bloody Mary mix – comes from retail stores, with online and market sales comprising the rest.

Name: Naveen Selvadurai

Age: 28

Company: Foursquare

Website: Foursquare.com

2009 Revenues:Undisclosed

Story: It’s been a busy month for Naveen Selvadurai. Foursquare, the location-aware social networking app that Selvaduri co-founded in 2009, picked up $20 million in a Series B round led by Netscape founder Marc Andreessen‘s venture capital firm, Andreessen Horowitz. Less than two weeks later Foursquare hit 2 million users, doubling the audience it had in April. The start-up is still growing steadily by 100,000 new members a week, with plans for a big redesign at the end of the summer.

Name: Jack Abraham

Age:24

Company: Milo.com

Website: www.milo.com

2009 Revenues: Undisclosed

Story: The San Francisco start-up Milo.com tracks 2.8 million products across 50,000 retail stores. “Amazon and eBay are Web 1.0,” scoffs founder Jack Abraham.Abraham got the idea for Milo.com when he was working at comScore. “We had data that showed people were using the Internet to research products, but buying them more often offline than online,” he says.  “Everyone was innovating in social media, but no one doing anything in shopping. Amazon and eBay are Web 1.0.”

Name: Sophia Bush

Age:26

Company: FEED Projects

Website: www.feedprojects.org

2009 Revenues: $1.5million

Story: The former president’s niece embraces social entrepreneurship with a growing line of bags sold online and at Whole Foods. FEED works directly with WFP, and other organizations such as UNICEF and Millennial Villages, to fund anti-hunger programs worldwide.Their bags are sold online, where buyers are told the exact impact of their purchase (for instance, purchase a $60 “Feed1” bag and you’ll be feeding one school child for an entire year). So far, FEED has sold just over half a million bags and provided more than 56 million meals worldwide.

Names: Garry Tan and Sachin Agarwal

Ages:29 & 30

Company: Posterous

Website: www.posterous.com

2009 Revenues: Undisclosed

Story: Posterous takes all the fuss out of posting content online.The concept for Posterous is decidedly simple: E-mail, its founders believe, is the gateway for sharing information—text, photos, and videos—online. Instead of logging into Facebook to post photos, or writing your thoughts down in a blogging platform, Posterous makes it feasible to do all that from an e-mail account.

Name: Sarah Prevette

Age: 28

Company: Sprouter

Website: www.sprouter.com

2009 Reveneus: Undisclosed

Story: Sarah Prevette has created a service that entrepreneurs can use to socialize, share tips, and ask questions in a rapid-fire, short-attention-span fashion. Using a Twitter-like format, Sprouter is a place online where entrepreneurs can socialize, share tips, and ask questions in a rapid-fire, short-attention-span fashion. Users leverage the site for a variety of needs, from getting peer feedback on their product ideas to learning the best practices for developing metrics for sales teams, to gleaning insight from other founders on pitching specific investors, and requesting introductions to media, potential corporate partners or investors. “Users support one another, motivate each other and help with day-to-day questions or concerns,” Prevette says.

Name: David Schottenstein

Age: 26

Company: Astor & Black Custom Clothiers

Website: www.astorandblack.com

2009 Revenues: $11,360,000

Story: A big fan of the British tailoring tradition, Schottenstein started Astor & Black, a company that sold custom bespoke clothing, at the tender age of 21. He used money he had saved from his previous business ventures to fund his vision, which was to bring custom tailoring to the general public at affordable prices. The suits, which are made in China, Hong Kong, Italy, and Brooklyn, start at $499; prices increase depending on the fabric, with the bulk of transactions in the $895 range.

Names: Michelle You, Ian Hogarth, Pete Smith

Ages: You, 29; Hogarth, 28; Smith, 28

Company: Songkick

Website: www.songkick.com

2009 Revenues: Undisclosed

Story: By meticulously compiling upcoming concert listings, the founders of Songkick have amassed an audience of one million fans—and the backing of Y Combinator, the prestigious incubator. The concept, which they named Songkick, piqued the interest of start-up incubator Y Combinator, which provided seed funding and counsel during the summer of 2007. Hogarth, the CEO, and Smith, COO, spent the summer in Cambridge, Massachusetts, where Y Combinator was then based, while You commuted from New York City on the Chinatown bus. She soon quit her job at Theme, a lifestyle magazine, to join Songkick full time as co-founder and chief of product. The company raised $1 million in an angel round led by former Skype VP of Marketing-turned-investor Saul Klein that winter, when it moved to London, and landed another $4 million in a Series A round led by Index Ventures last year.

Name: Ooshma Garg

Age: 22

Company: Anapata

Website: www.anapata.com

2009 Revenues: Undisclosed

Story: Ooshma Garg experienced the aha moment that led her to become an entrepreneur during her junior year of college when she served as co-president of a networking group called Stanford Women in Business. “Companies like Goldman and McKinsey would pay us $5,000 just to have dinner with my group,” Garg recalls. Yet corporate types were still pretty abysmal when it came to recruiting from a diverse field of applicants. So Garg launched Anapata, and online platform to connect employers and qualified job candidates. The name comes from a Swahili word that means “to find, attain, and achieve.”

Name: Amos Winbus III

Age: 26

Company: CyberSynchs

Website: www.cybersynchs.com

2009 Revenues: $2million

Story: Amos Winbush III has partnered with Sun to build an app used on 500,000 phones. “We’re taking the company global,” he says. “I’m super stoked.” It took losing 150 contacts on his cell phone for Amos Winbush III to stumble upon the idea for his company. In the summer of 2008, the aspiring musician and cousin of R&B singer Angela Winbush was preparing tracks for his debut album. After a late night in the recording studio, he noticed that his iPhone had gone black. That led him to investigate a way to synchronize data between his phone and his computer, and soon after, to launch CyberSynchs.

Name: Tim O’Shaughnessy and Eddie Frederick

Ages: 28 & 29

Company: LivingSocial

Website: www.livingsocial.com

2009 Revenues: $5-$10million

Story: With the acquisition of a little company called Buy a Friend a Drink, the online-bargain site LivingSocial came together in its present form. The online daily coupon industry may not be the sexiest space on the Web, but it sure has venture capitalists licking their chops. First, Chicago-based Groupon raised a whopping $135 million from Russian investment firm DST in April. And before you could say “discount,” LivingSocial had raised two consecutive rounds totaling approximately $40 million from U.S. Venture Partners and Lightspeed Venture Partners. Tim O’Shaughnessy, LivingSocial’s co-founder and CEO, estimates that, together, the two companies own 98 percent of the market. Both companies partner with businesses such as restaurants and spas to offer subscribers deep discounts on goods and services via a daily e-mail coupon. Right now, for instance, I could buy a LivingSocial coupon for a watercolor painting class for $47 – a discount of 69 percent off the regular price.

Name: Alexa Von Tobel

Age: 26

Company: LearnVest

Website: www.learnvest.com

2009 Revenues: Undisclosed

Story: Backed by Goldman Sachs and some successful executives, LearnVest founder Alexa von Tobel seeks to give young women personal finance advice. LearnVest offers online budgeting calculators, video chats with certified financial planners on the company’s staff, and free e-mail tutorials on topics such as opening an IRA. The company earns revenue from advertising and by referring its users to companies such as TD Ameritrade. In April, after just four weeks of fundraising, von Tobel closed a $4.5 million investment round led by Accel Partners, which has also invested in Facebook and Etsy. (Incidentally, Facebook CEO Mark Zuckerberg lived in the same dorm as von Tobel at Harvard.)

Name: Jennifer Hyman and Jenny Fleiss

Ages: 29 & 26

Company: Rent the Runway

Website: www.renttherunway.com

2009 Revenues: Undisclosed

Story: Rent the Runway’s mission, according to Jennifer Hyman and Jenny Fleiss, is to bring the Carrie Bradshaw clothing experience to budget conscious fashionistas and turn them in to loyal customers of designer brands. Rent the Runway is a membership-only designer rental company where women can rent dresses and accessories from over 100 designers and brands including Herve Leger, Diane von Furstenberg, Proenza Schouler and Badgley Mischka.  Dress rentals start at $50 for 4 days and $10 for accessories.

Name: Ryan Allis & Aaron Houghton

Ages: 26 & 29

Company: iContact

Website: www.icontact.com

2009 Revenues: $26.5million

Story: Within three days of meeting, Ryan and Aaron developed the idea for iContact: They would leverage a tool that Houghton had developed to help small businesses manage their e-mail marketing. iContact generated $26.5 million in revenue last year and has raised a total of $18 million from NC IDEA, North Atlantic Capital and Updata Partners.

Name: Dan Schawbel

Age: 26

Company: Millenial Branding

Website: http://www.personalbranding.com/

2010 Revenues: $100,000

Story: The mission of Schawbel’s business, Millennial Branding, is two-fold: He teaches members of his own generation why a personal brand is important and then shows them how to create one using social media; and he works on corporate branding strategies for companies including Time Warner and Citigroup.

Name: Stephanie Kaplan, Windsor Hanger, and Annie Wang

Ages: 21

Company: Her Campus

Website: www.hercampus.com

2009 Revenues: Undisclosed

Story: The three partners decided to create an online magazine that would serve college women nationwide with content in six different topic areas – Style, Health, Love, DormLife, Career, and World – and also house micro sites for other schools with campus-specific content maintained by students on those campuses.

Name: Brian Chesky, Joe Gebbia, and Nathan Blecharczyk

Age: 28, 28, 27

Company: AirBnB

Website: www.airbnb.com

2009 Revenues: Undisclosed

Story: San Francisco start-up AirBnB is like a Craigslist for the couch-surfing set . AirBnB is used in nearly 5,000 cities in 142 countries. The company landed a $20,000 investment from Y Combinator; recently, the Wall Street Journal reported an investment from Sequoia Capital, but the trio of founders won’t comment on that. The company is hiring so fast – and is still based out of the original South-of-Market apartment – that Chesky has been pushed out of his bedroom. That’s right – he’s pledged to be homeless. He’s using only AirBnB to find accommodations for the year. A PR stunt to be sure, but also a test of the infrastructure of this laid-back but wildly popular business that started with a “yeah, whatever.”

Name: Callie Works-Leary

Age: $29

Company: City Craft

Website: www.citycraft.com

2009 Revenues: $35,000

Story: Dallas entrepreneur Callie Works-Leary hopes to build CityCraft into the Crate & Barrel of the sewing world. To build a community of sewers around CityCraft, Works-Leary created a sewing lounge at the store. She describes it as “a studio fully stocked with sewing machines, cutting tables, and all the necessary supplies and materials to create beautiful sewn creations whether in a class, workshop, or during an open sewing lounge night.” On sewing lounge nights, the store serves complimentary wine and snacks and plays music. “Customers use the store like their own studio, sewing in an encouraging, relaxed group setting,” says Works-Leary. CityCraft also has summer sewing camps for kids and teens.

Name: Jeffrey Powers & Vikas Reddy

Ages: 27 & 26

Company: Occipital

Website: www.occipital.com

2009 Revenues: $1million

Story: The founders of Occipital launched one of the most successful apps around. Then they sold it, to help them fund yet more app development. The business has developed RedLaser, the best-selling iPhone app that lets users scan barcodes. RedLaser has been downloaded more than two million times, mostly at $2 a pop (Apple takes 30 percent of that), making it one of the most popular paid-iPhone apps on the market.

Name: Ashleigh Hansberger

Age: 28

Company: Motto Agency

Website: www.mottoagency.com

2010 Projected Revenues: $600,000

Story: To help companies launch, grow, and reinvent their brands through good, old-fashioned storytelling and innovative use of social media, Hansberger, 28, launched Motto Agency. Her Myrtle Beach, South Carolina-based company is on track for $600,000 in revenue this year.

Name: Fraser Doherty

Age: 21

Company: Super Jam

Website: www.superjam.co.uk

2009 Revenues: $1.2million

Story: Just call him Jam Boy. Fraser Doherty doesn’t mind a bit. In fact, he encourages it. Doherty, a boyishly charming Scot with a brogue to match, is the jam darling of the U.K Doherty’s big break came when he met a buyer at Waitrose, a major supermarket chain in Britain, and tentatively sold him on the idea. He then lined up a factory. At every step of the way, his age prompted skepticism. “I was a teen with no money and no experience, so most people rejected me,” he recalls. “But then I finally convinced a jam facotry to work with me and we figured out how to produce the recipes that I had developed in my parents’ kitchen on a big scale.” He also hired an ad agency, which came up with a comic book-like brand identity for the product.

Name: Andrew Kortina & Iqram Magdon-Ismali

Ages: 27 & 26

Company: Venmo

Website: www.venmo.com

2009 Revenues: Undisclosed

Story: Venmo is a mobile-based platform that allows friends to exchange money using their phones.
Say you’re having a drink with a friend and you’re short on cash. If your buddy also has Venmo, you can use your iPhone or Android to pay him for your share of the tab by simply texting Venmo “pay Andy $12.50.” You can keep a balance to draw from in your Venmo account, or your payment can be charged to a credit card or bank account that you register with the company. Your friend can then transfer the money from Venmo to his bank account. “Every time a payment is issued from your account, you get a text message and an email,” says Kortina. “And you can pin protect your transactions.” Venmo also allows you to set up “trust” relationships with other users – typically family members or close friends – who can draw upon your Venmo account without prior authorization.

Name: Chris Easter & Bob Horner

Ages: 26 & 29

Company: The Man Registry

Website: www.themanregistry.com/

2009 Revenues: www.themanregistry.com

Story: The Man Registry, a website with more than 3,000 gifts that appeal to grooms, Easter was two months away from marrying Horner’s younger sister. t was then that the two became aware of what they saw as an appalling lack of guy-friendly gifts on traditional registries and decided to do something about it. “We’re all about groom involvement in the whole process,” says Horner. So in March 2008 he and Easter teamed up with several retailers that offered gifts for guys, such as sports apparel, grilling accessories, and the always popular remote control beer cooler. Orders are placed through The Man Registry and then the retailer ships the items directly to the customer, allowing Easter and Horner to avoid the burden of maintaining inventory.

Name: David Graff, John Wirtz, and Brian Kaiser

Ages: 27

Company: Agile Sports

Website: www.hudl.com/about

2009 Revenues: $475,000

Story: The Broncos, the Browns, and the Jets all use Agile Sports’s software to help players memorize offensive and defensive schemes. A month after signing with the New York Jets in 2008, Brett Favre memorized between 40 and 50 percent of the team’s complex offensive playbook. By the season kickoff, he had 75 percent of the plays down cold. He did it all with the help of coaching software developed by three twenty-somethings in Lincoln, Nebraska.

Names: Maverick Carter

Age: 28

Company: LRMR Innovative Marketing & Branding

Website: www.lrmrmarketing.com

2009 Revenues: Undisclosed

Story: If you’re a basketball fan who followed the LeBron James free agent chase, the name Maverick Carter should be a familiar one. Alternately labeled as James’s “business partner” and “manager,” Carter has emerged as one of the most trusted voices in the inner circle of basketball’s most dynamic young star. He has put together sponsorship deals for James with McDonald’s and State Farm, and he negotiated a contract extension with Nike when James’s original deal with the sports apparel mammoth expired this year. Carter says James will now focus on strengthening his partnerships with his corporate sponsors rather than adding new ones. Forbes estimates that James made $43 million in salary and endorsements in the past year.

Name: Tyler Balliet & Morgan First

Age: 29 & 26

Company: The Second Glass

Website: www.secondglass.com

2009 Revenues: $230,000

Story: Balliet and First loved wine but felt that no one was marketing it properly to their generation. Their company connects wine sellers to young consumers through wine tasting events, called Wine Riot, and through its website. The Second Glass, an online resource for wine information geared toward Millennials, was founded by Balliet after a part-time job in a Boston wine shop taught him that customers were yearning for basic information presented in a down to earth way.

Name: Luke Biewald & Chris Van Pelt

Ages: 28

Company: Crowdflower

Website:www.crowdflower.com

2009 Revenues: Unidisclosed

Story: Crowdflower matches an international online workforce with companies that need a large volume of simple work completed quickly. The cost to companies that use Crowdflower is based on the difficulty of tasks, the accuracy they require tasks to be done with, and a mark-up that varies depending on the complexity of finding quality workers, and assuring the quality of their work. By just filling out an online form, businesses, for a cost that’s much lower than hiring a temp staff, or opening a phone bank, can access a global workforce to do projects that range from mundane to time-intensive.

Name: Sean Whalen

Ages: 28

Company: AlterG

Website: www.alterg.com

2009 Revenues: Undisclosed

Story: When soccer star Oguchi “Guch” Onyewu ruptured his patellar tendon last October during the United States team’s game against Costa Rica, it seemed unlikely that the defender would recover in time for the FIFA World Cup in June. But recover he did, helping the U.S. tie England 1-1 on June 12. Sean Whalen likes to think that his company, AlterG, which makes the anti-gravity treadmill that Onyewu used for rehab, had something to do with the win. “To recover from that in seven months, and be fit for the World Cup, is simply an amazing feat,” says Whalen. “To us, it really validates the power and effectiveness of our technology.”

Name: Maia Josebachvili & Bram Levy

Ages: 26 & 30

Company: Urban Escapes

Website: www.urbanescapesusa.com

2009 Revenues: $250,000

Story: Josebachvili has a passion for skydiving but when she was an undergrad at Dartmouth she couldn’t afford it. So she recruited all her friends and acquaintances to go along with her and she was able to skydive for free.After graduation she continued to coordinate skydiving and other outdoor trips even while working as a derivatives trader on Wall Street at Susquehanna International.  In 2008, Josebachvili decided to take the plunge and create Urban Escapes, offering a varied assortment of outdoor escapes such as hiking and hang gliding. In the company’s first year, it brought about 500 people on trips.

Name: Joshua Dziabiak

Age: 23

Company: ShowClix

Website: www.showclix.com

2009 Revenues: $4.5million

Story: ShowClix helps small venues distribute tickets entirely over text message and e-mail. ShowClix has gained some 1,000 customers and delivered more than 1 million tickets. The company sets itself apart by delivering tickets by e-mail or by text message, and by offering its customers access to real-time sales reports. Earlier this year, the business debuted an app that enables venues to scan tickets on customers’ phones with any Android-powered device. ShowClix charges venues between 7 and 15 percent of ticket sales—a much lower fee, Dziabiak says, than that of any of its competitors, including Ticketmaster.

For more information and to see videos of the entrepreneurs, please visit www.inc.com

Top Networking Sites for Entrepreneurs!

28 Jul

Hi Ladies!

Are you getting the results you want for your business on Twitter and Facebook? Although they are both great websites for advertising your business and for networking, you may want to explore other options.

Below is a list of networking sites we feel are best suited to entrepreneurs. Networking is an essential part of any business because it allows you to build new business relationships and generate business opportunities at the same time. Many entrepreneurs agree that business networking is a more cost effective method of generating new business than advertising or public relations efforts. This is because business networking is a low-cost activity that involves more personal commitment than company money.

    LinkedIn.com
    The purpose of the site is to allow registered users to maintain a list of contact details of people they know and trust in business. The people in the list are called Connections. Users can invite anyone (whether a site user or not) to become a connection.

    Meetup.com

    Helps groups of people with shared interests plan meetings and form offline clubs in local communities around the world.

    Ecademy.com

    A business network for creating contacts and sharing knowledge.

    Entrepreneur Connect

    A community by Entrepreneur.com where professionals can network, communicate, and collaborate with others.

    Fast Pitch.com

    A business network where professionals can market their business and make connections.

    xing.com

    The platform offers personal profiles, groups, discussion forums, event coordination, and other common social community features. Basic membership is free.

    biznik.com

    Biznik is an award-winning business networking community for anyone growing a business.

    AmericanExpressOpenForum

    An online community to help business owners grow their businesses.

    Networking for Professionals

    A business network that combines online business networking and real-life events.

    StartupNation

    A community focused on the exchange of ideas between entrepreneurs and aspiring business owners.

    Young Entrepreneur

    A forum-based site for entrepreneurs and small business owners who are passionate about promoting business for themselves and others.

She Made Millions from Nail Polish!!!!

23 Jun

You’ve seen nail polish with colors like sky blue and winter green, but do you know who started the trend?

I’m sure a lot of you have heard of “Hard Candy Cosmetics”, but do you know the story behind it?

Hard Candy is the brainchild of  Dineh Mohajer.  Dineh was a 22 year old student when she came up with the idea. She enlisted the help of her sister Pooneh and her boyfriend Benjamin Einstein, and the three came up with $200 to buy some nail polish and supplies from the beauty store. One business plan, and a few sample shades later, they decided to pitch upscale fashion shop Fred Segal. While going through the pitch, a 16-year-old customer saw the shades and wanted all four instantaneously. The owner set the price at $18 a bottle on the spot and sold them to the demanding teenager. With no supplies left, Fred Segal placed an order with Dineh for 200 bottles that same day.

The company’s first product was nail polish that Dineh mixed herself – a shade of baby blue named “Sky” to match her sandals. In that same year, actress Alicia Silverstone appeared on the Late Night with David Letterman and, when asked about her pastel blue fingernails, replied, “It’s ‘Sky’ by Hard Candy,” causing an overnight explosion for the brand. Within approximately 2 years, the business grew to a $10-million-dollar company. Dineh kept the creative juices flowing by staying in touch with her target market of 15 to 25-year-olds. She created new mod shades called Porn, Trailer Trash and Jailbait. It wasn’t long before cosmetic giants had a contender and big companies took notice of this new cultural phenomenon.

Louis Vuitton Moet Hennessy (LVMH), who owns Donna Karen, Givenchy, Sephora, TAG Heuer, and Veuve Clicquot acquired Hard Candy in 1999 for a reported $30 million. The acquisition afforded Hard Candy greater distribution and a brand to attach itself to. Hard Candy is now Urban Decay Cosmetics LLC dba Hard Candy. Dineh Mohajer, alongside Jeanne Chavez, recently left Hard Candy to form cosmetics brand Goldie. Benjamin Einstein is currently President of Einstein Cosmetics LLC.

%d bloggers like this: