Category Archives: Business

5 Best Places to Start a Business in Philadelphia

Philadelphia is a city as diverse as it is full of opportunity. Its state tax breaks reward start-ups in the city’s under-served areas, while its suburban neighborhoods offer business owners a wealth of affluent clientele right in their backyards, making Philly and its surrounding suburbs a good fit for businesses targeting any demographic. And while there are plenty of places to choose from, we’ve broken down the top five places you should check out before starting your business in the City of Brotherly Love. The waterfront neighborhood, which is located 15 minutes away from just about anywhere, is only three-quarters of a mile long, but is chock full of business – with 49 retailers, 32 restaurants and 52 service-related businesses. During weekdays, Manayunk primarily draws a wealthy female clientele, but the nights and weekends belong to young couples and bar hopping twenty-somethings. Perhaps the biggest perk, aside from the affordable rents, is access to the Manayunk Development Corporation, which works hand-in-hand with local business owners, helping them with everything from technical assistance to seeking grant funding. This town is every suburbanite’s dream. Two train stations offer easy access to Center City and downtown Philadelphia, and its cobblestone streets are lined with shops and restaurants. The market skews toward an affluent, environmentally conscious customer base: Residents grocery shop at the local farmers market or a new food co-op. For apparel, they turn to quirky stores like Artisans on the Avenue and the fair-trade retailer Ten Thousand Villages. The district’s Go Green initiative was recently formed to promote sustainable businesses in the neighborhood and the nearby Morris Arboretum is a 92-acre garden. If the success of Facebook has taught us anything, it’s that marketing a business to the college demographic is a brilliant strategy. University City offers the benefits of being close to Center City’s business district, while still offering business owners a captive audience among some 50,000 students from University of Pennsylvania and Drexel University. Because it’s one of the most ethnically and socioeconomically diverse communities in Philadelphia, the state has designated several acres of University City as Keystone Opportunity Zones, where business owners are eligible for state and local tax breaks. This neighborhood is truly a magnet for businesses in finance, insurance, real estate, engineering and legal services. According to the Central Philadelphia Development Corporation, Center City has 9,000 businesses in the district, as well as 92,000 residents, and, because it’s positioned just a near the Pennsylvania Convention Center, the area is easily accessible for visiting business travelers. The neighborhood has a lively retail scene, with 2,400 shops in the area, and its famed Avenue of the Arts draws loads of foot traffic to the 217 restaurants, and 59 bars and nightclubs. One of the most historically wealthy regions of the Philadelphia area, the Main Line is a lucrative starting ground for small businesses. The area consists of several smaller towns, including Radnor, Haverford, Villanova, and Wayne, where Urban Outfitters president Richard Hayne planted the first Anthropologie store in 1992. That store, which still exists today, is just one of many upscale retailers populating Radnor Township, which, according to the U.S. Census Bureau, had an estimated median household income of $129,773 between 2006 and 2008. Continue reading

Posted in Business | Tagged | Leave a comment

Presenting a Different Way of Presenting

One thing entrepreneurs do often is present their ideas to others. Whether they’re selling their business services, pitching investors, or explaining their product, it seems the “deck” is something common to almost all start-ups. Some presentations are text heavy, some use graphics effectively, some tell good stories and others are boring. Almost all of them are done in Microsoft’s PowerPoint .* One thing about PowerPoint is that it once you send a slide deck away, it’s not possible to know who has looked at your deck, for how long, and how much attention they paid to it. As companies start to share these presentations internally, and different people contribute to them, and different versions start circulating. Inevitably, someone has the wrong version of a slide, perhaps with the wrong graphics, an older pitch, or worse, an older pricing sheet. A company called SlideRocket has offered to fix these problems, with the release of the newest version of their web-based tools. CEO Chuck Dietrich told me he “Saw that businesses had 2 kinds of communication – email and presentations. Email is for higher volume, lower value communications. People use presentations for high value situations where they need to convince or educate customers. According to our research, 750 million people make presentations every year.” The company has been around since 2006. SlideRocket’s offering imports a standard PowerPoint deck, or lets you create your own presentation using their web-based tools. Once imported into the system, slides are placed into a library where anyone with permission can access and add to them. Slides can be shared between presentations, and updating a slide in the library can update it in all presentations that use it. So, a graphic designer could update a logo or graphic look and all presentations would update at the same time. Teams can collaborate on creation of slides, leaving messages or comments on the slides. (Employees with permission can create their own personalized versions so different presenters can have different styles of selling, etc.) Presentations can be printed or saved as PDFs for customers. More importantly, presentations can be shared online, where customers can be encouraged to leave comments. Sales teams can see the comments and respond to customers. Polls, forms and branching choice slides can also be created. A real-estate firm could create a presentation that asks if the customer would rather see apartments or houses and the choice the customer makes jumps them to the appropriate slides. As a lead generation tool, this is also useful, since the company gets statistics on the length of time people spend with a presentation, which slides caused people to respond, and so on. The marketing possibilities are intriguing. Presentations can also include sophisticated animation, and live Internet data, including Flickr pictures, YouTube videos, and Twitter feeds. At Zendesk , a Leading provider of web based customer support software, Product Marketing Manager Roxana Siu uses SlideRocket presentations as part of educational webinars for customers and prospects. While they’re using Citrix’s “ GoToTraining ” product for the actual webinars, all the slides are shown from SlideRocket, and there’s only one version of the presentation – the most up to date one. “When people can’t make the webinar,” Siu told me, “we keep the recording, but we can also send them a link to the presentation. We can see how often people are looking at the presentations, how much time people spend on each slide, and who is looking. This helps us see which webinars are in demand, what topics are interesting to customers and lets us follow up on leads.” Most small businesses will pay $24 a month for the service. There’s a free trial, and enterprise pricing is available for larger organizations. Are you using more advanced presentation tools? Let us know in the comments. *(Disclosure: as a former Microsoft employee, I have some MSFT stock in my retirement account.) Continue reading

Posted in Business | Tagged , , , | Leave a comment

Boston Finex Group Seminars Enlighten Entrepreneurs on Accounting and Finance Basics

Whatever Elizabeth Warren may have in mind for her new role as head of Consumer Financial Protection in America, and despite any legislation that Congress may devise to ease the pain of small business owners, entrepreneurs and start-up companies will always place themselves at a competitive disadvantage if they don’t adhere to the rules of financial accounting. Continue reading

Posted in Business | Tagged , | Leave a comment

Small business development and start up program

CENTERVILLE — The Appanoose Economic Development Corporation and the Small Business Development Center have partnered together to present a training opportunity as the first stage of the new Entrepreneur Development Program. Continue reading

Posted in Business | Tagged , | Leave a comment

What To Do When Leasing A Florida Commercial Real Estate

Florida is one of the business capitals of the world. There are lots of business minded person who visit the city in order to check the kind of business that they can start up. Continue reading

Posted in Business | Tagged , | Leave a comment

Recession fuels start-up boom

More than 200,000 new businesses opened in the six months that followed the recession – the highest for more than a decade. Continue reading

Posted in Business | Tagged , | Leave a comment

Candidates propose business tax changes

Starting a successful business is never an easy task. For start-up businesses working to get off the ground, it can be even harder, in part because of a generally unpopular state tax called the Michigan Business Tax, or MBT. Continue reading

Posted in Business | Tagged | Leave a comment

PRESS RELEASE: Dow Jones Selects Scale Computing for Elite "Start-up Watch List" and Presentation at VentureWire …

PRESS RELEASE: Dow Jones Selects Scale Computing for Elite “Start-up Watch List” and Presentation at VentureWire FASTech Conference Continue reading

Posted in Business | Tagged | Leave a comment

Start-up launches to bring affordable, efficient wind power to the masses

(PhysOrg.com) — Totempower Energy Systems Ltd – a cleantech start-up which aims to create small-scale wind turbines that are cheaper, more efficient, and easier to install and maintain than current models – has launched, with backing from City University London. Continue reading

Posted in Business | Tagged | Leave a comment

University spins off medical device start-up

XO Thermix Medical’s device would treat patients with impaired blood flow in the legs. Continue reading

Posted in Business | Tagged | Leave a comment