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A Supplier of Film Extras Now Trains Military Troops
Lexicon Consulting, in El Cajon, California, got its start by providing extras for big-screen military battles. Now CEO Jamie Arundell-Latshaw’s company creates mock Afghan and Iraqi villages to help train troops who are headed overseas. She spoke with Inc.’s Jason Del Rey about Lexicon (No. 4) , the top woman-run company. What are the most radical circumstances your employees replicate? At Fort Irwin, in California, as troops and medics drive up to a village, a rocket-propelled grenade goes off, a car explodes, and we have role players screaming and chanting. We hire amputees who fall out of vehicles. The wounds look realistic, and they’re set up in a way that the medics have to put pressure on the wounds and stop the bleeding. Our goal is to make the simulation as real as possible. Where do you find your role players? One of the reasons we have our office down in El Cajon is that there’s a big Iraqi population there. Our recruiters know what we’re looking for. So, what do you look for in a role player? We want people who can speak the language and understand the culture. And we also want people who have a passion for training troops the right way. Without that, you’re not going to be motivated to go above and beyond to provide a better service. What is your biggest challenge going forward? We’re growing so fast, so our challenges are hiring people who share our goals and having liquid cash. We don’t always get paid by the government within 30 to 60 days, so we have to balance trying to get new work with making sure we have money to perform the work. And the most rewarding part of the job for you? When troops return from multiple deployments overseas, the role players and managers who worked with them often get feedback like, “Learning what to do in each scenario made a difference in how I performed over there.” To learn more about Lexicon’s military training work, ” Lexicon Consulting ,” and to browse the complete Inc. 500/5000 list online, go to www.inc.com/inc5000 . Inc. Live: Ask Top Entrepreneurs Your Questions Check out our new series of live video chats featuring accomplished entrepreneurs such as Inc. columnist and 37signals co-founder Jason Fried, Zappos CEO Tony Hsieh, Mint.com founder Aaron Patzer, and Method co-founder Eric Ryan. To view the schedule of chats and watch archived chats, and to pose a question during our next chat, go to www.inc.com/live . Tony Hsieh – California – Zappos – El Cajon – United States Continue reading
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Tagged aaron-patzer, Business, consulting, culture, goals, government, language, lexicon-consulting, office, questions, role, simulation, united-states, work
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How to Bring Your Concept to Market
You have moved past the stage in which you have a brilliant business concept; and, you are no longer in the product development phase, where you do the pre- and post-prototype. You have tested your concept by conducting online surveys, focus groups, trade show demonstrations or through some other means to determine if potential customers will buy your product or service. You have refined your concept based on reliable feedback. Now comes the business development, which means you are all geared up to start manufacturing, marketing and selling your product or offering your service. “I started out with a concept on a piece of paper, now we are in 1,000 uniform stores,” says Gary R. Bronga, president of Miami-based Clipeze Worldwide. The Clipeze is Bronga’s personal design spin on an identification badge that features a bar at the bottom of a lapel pin allowing for custom logos and artwork for companies and associations. Braga had worked in the aerospace industry at Cape Canaveral for 21 years, where wearing identification badges was a routine part of his wardrobe. After applying for five different design patents, finding a supplier for the prototype, and coming up with a low-cost price point, Braga contacted buyers in catalogs. “The advantage of going to catalogs is that they like new products,” he says. “I conducted a marketing campaign where it was geared toward the individual buyer with a personal letter. I sent samples. I followed up.” According to Braga, catalogs help in several ways: “They distribute to an entire industry, they provide a stream of income, they keep your product in the catalog as long as it sells, and they open up access to other outlets, including retailers.” Your local library will house directories listing catalogs and mail-order retailers. “Once you get into that first one, which is always the toughest, other catalogs companies in that category will contact you. If you are good for their competitor you are good enough for them,” adds the author of Bringing A Product To Market From Your Home . Clipeze is in some 20 catalogs. Braga has sold to date over three million of his badge holders. Nurses and other medical professionals are among his biggest supporters. An analysis of your business will of course dictate if mail-order is the best distribution channel for your particular product. Or if your business is a service then how will you find customers and how will they know about you. How to Bring Your Concept to Market: Have A Business Plan There are three resources that must be maximized to ensure your business success — money, strategy, and people. Having a business plan provides a detailed description of the best way to optimize these resources. But this goes beyond a 10 to 20 page document; you need a well thought of plan of action. What are the mechanics to bringing your product to market: how much will it cost to produce, what price will you sell it at, what is estimated sales volume and profitability? The answers to these questions are where your earlier market research and consumer feedback comes into play. “Moving forward without a written business plan is a common mistake among budding entrepreneurs,” says Jeff Mesquita, chairman of the Atlanta chapter of SCORE (Service Corps or Retired Executives). “A business plan forces you to clarify the strategic plan for business growth,” he adds. It’s also a living document that you should revise more than once over the course of the business. For help developing your business plan, go to local small business development centers, many of which are affiliated with local colleges or chambers of commerce. Start is with the Association of Small Business Development Centers . Also, SCORE ’s Quick Start program assists business start-ups nationwide. Dig Deeper: Business Plan Template How to Bring Your Concept to Market: Execute Your Business Concept Your job now is the implementation. Figure out how to get your product or service into the hands of customers who are your target market. Will you do it yourself or will you outsource manufacturing? Who is going to physically transport your product to customers? If you haven’t already done so, line up suppliers, manufactures, and distributors. Check with the National Association of Manufacturers , Thomas Register of American Manufacturers , or National Association of Wholesaler-Distributors . What are the methods of distribution: retail, online, and/or catalog purchases? “What’s your understanding of the final consumer, the end-users? Your market research should have revealed more than do you like my product or service but really how and where does your target market buy,” says Suzan Barnett, a consultant and area director of the Small Business Development Center at Valdosta State University in Valdosta, Georgia. Who will sell it: you, in-house sales staff, independent reps, telemarketers? What about facilities: will you operate from home, a kiosk in the mall, or local storefront? Take into consideration key factors. Foot traffic is a big deal in retailing. Don’t overlook business incubators, which are one-stop shops of space and services, including technical assistance. Contact the National Business Incubation Association . How will you get the word out about your product or service to your target market, asks Barnett. If they don’t read newspapers but look for information online, then you don’t want to spend money on print advertising (and vice versa), she explains. Many cash-stamped entrepreneurs are using Google, which provides a host of web-based products, services, servers, and client applications beyond Gmail. Google’s AdWord enables small businesses of all kinds to place ads for as little as $25 a month. Yahoo! has a Small Business Resource Center that offers a wide range of Web hosting, e-commerce storefronts, sales lead generation, and online marketing services. Dig Deeper: How to Use Sampling and Demos for Customer Feedback How to Bring Your Concept to Market: Protect Your Concept Once you have tested your concept and found it to be sound, safeguard your brand name or image by registering it as a service mark or trademark, suggests Richard Stim, attorney and author of Patent, Copyright & Trademark: An Intellectual Property Desk Reference . To protect a unique product you have invented—one that is fully developed and working—register a patent with the U.S. Patent and Trademark Office . Literature, music, art, fashion designs, and software programs are copyrighted and registered with the U.S. Copyright Office . The most common response by a competitor to a successful product or service is to imitate it. “The best defense is to always strive to be No. 1 in the marketplace,” says Braga. “Most companies will let you gain market share before they copy you.” Have plans in the works for making improvements to your product or your service so that you are prepared when there are competitive threats to your business, he suggests. Not every product requires a patent. This is a costly process in terms of lawyers and fees– from $3,000 to $15,000. A lot of it depends on how difficult it is to duplicate your idea or reverse engineer your product, says Stim. Coca Cola doesn’t patent their secret formula so that their recipe doesn’t get stolen; it’s treated as a closely held trade secret. One way to protect your product or service is to position yourself as an expert or go-to person in the industry, says Susan Friedmann, a nichepreneur coach in Lake Placid, New York and author of Riches in Niches: How to Make it Big in a Small Market . Use social media, blogs, Twitter, Facebook. “Those things become important in letting people know who you are and what you do.” Arrange for speaking opportunities at conferences or attend trade shows to let people see how knowledgeable you are even when aren’t selling directly to them. Dig Deeper: How to File a Trademark How to Bring Your Concept to Market: Build Your Capital Bank credit and traditional loans are even harder to access these days in the post financial meltdown economic climate. Which means you’ll probably have to tap into personal savings, equity in your home, or relatives to finance your new enterprise. Braga started his business with $500 and a computer. “I made sure that I didn’t go out and borrow a bunch of money and get into a lot of debt.” Barnett notes that if you have not positioned your personal credit such that a bank will see you as a strong enough credit risk, they won’t lend to you. “A poor credit score will ruin any chance of qualifying for a loan.” Starting out, have enough money in savings during the first 6 to 12 months of operation so that you’re not relying on the business to cover personal living expenses. Pour profits back into the business to pay for the business’ expenses. Keep in mind selling a lot of product or service doesn’t mean your making money. Some businesses spend more than they earn. “Stay on top of your finances,” says Barnett. Dig Deeper: How to Finance a Business With Your 401K Business – Google – Marketing – Advertising – Distribution Continue reading
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Tagged Business, concept, copyright, customer, development, finance, gary bronga, klebcil pediatric, medical, new york, nichepreneur, office, reference, sbdc, small-business, university, web
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How to Attract Talent to Your Start-up
Employees are valuable . So are referrals. That was the thought behind Meebo’s decision to offer a $5,000 reward to anyone who referred qualified potential employees to the company that launched in 2005. The only stipulation? People would only get paid if the candidates got hired. As an instant-messaging and social media service, Meebo never really had trouble finding and attracting talent. They offered employees referral bonuses, posted on job boards and committed themselves to so-called “guerilla recruiting.” But they realized, some time in May of this year, that they had 10 high-level jobs to fill and they hadn’t been using all of the resources available to them to find the best talent. They hadn’t yet reached out to their massive user network. So, Vice President of Human Resources Tom Perrault and his team decided to offer the public the $5,000 prize. “Good talent is going to make the difference in the growth of our organization and in the future,” says Perrault. “So we’re willing to pay for good talent.” The referrals the company got, especially from vendors and external partners were, in Perrault’s words, “spot on,” and the experiment was a success. The moral of the story, though, is not that you have to throw money around to attract top talent. Instead, the takeaway message for recruiting is: play to your strengths (in Meebo’s case, it’s networking), be active, not passive, and get your name out there. This guide will provide a few recruiting tips, as well as what to look for in a new hire and how to entice the best talent. How to Attract Talent to Your Start-up: Face-to-Face Interaction No matter how small the internet has made the world, experts still recommend in-person networking as the No. 1 way to recruit talent. “I’ve done a lot of placing people into positions, and I have never used a job board as a way to do that,” says Rich Sloan, co-founder of StartupNation . ‘Personal [interaction] is so much more powerful and important to me.” Start at your local Chamber of Commerce, which should list information on industry events happening in your area. Don’t stop there, though. Research local industry groups and associations. “Every type of business has their own meetings,” says Martin Zwilling, founder and CEO of consulting group Startup Professionals . “You’ll find people who know your business and are looking for opportunities.” Even if you don’t find employees at these industry events, you will at least make contacts who understand your needs and will put you in touch with other people they know. Or, you could create your own networking events, as Meebo did. Perrault says the company started scheduling Meebo meetups around the world and asking fans and users to come out to rub elbows with the Meebo staff. “We’d say, “Hey, we’re going to be in Chicago. We’re going to be in Japan. We’re going to be in New York. If you’re interested in Meebo, come to XYZ coffee shop,’” he says. At these events, they hand out cupcakes and t-shirts. Once, one of Meebo’s founders even played JavaScript bingo with people who showed up. They wanted to give guests a memorable experience because, says Perrault, “It wasn’t just about recruiting. It was about building a community, and people who show up to those things have a heightened interest in Meebo.” Even if you don’t have a huge network of people to advertise your meetups with, you can always try becoming an official Meetup group to get the word out. And don’t forget about schools and universities. Job fairs abound, so it’s wise to get in touch with career counselors at both local schools and schools that have high-performing graduates in your field to see how you can get involved. “Every university makes efforts to get interconnected with the entrepreneur community,” Zwilling says. “They have outreach programs, and the people who are involved are the people who will find you interns and people who will be graduating soon.” Meebo judges and sponsors programming competitions at schools like MIT, Stanford and Berkeley, so they can see firsthand where the real talent is. Dig Deeper: How to Improve Your Hiring Practices How to Attract Talent to Your Start-up: Use the Internet Wisely No one wants to sift through endless responses from a job board listing. You may find the right candidates in the end, but you’ll waste precious time separating what Perrault calls “the weak from the champs.” This is not to say, however, that you can’t find good talent for your start-up online. In the era of social networking, there are tons of sites dedicated to matching qualified applicants with the right employers, including Startupers , VentureLoop and Startuply . You can even try InternshipIN to find people while they’re still in school. Make sure, when you register for these sites, that your profile reflects the spirit of your company. That goes for your Facebook presence, too. If your business is casual and fun, you’ll need people who are attracted to that type of environment, and your time will be best spent if you find these people from the very beginning. Dig Deeper: How to Use Social Media as a Recruiting Tool How to Attract Talent to Your Start-up: What to Look For “There are certain kinds of people who thrive in an environment with the risk profile and anarchy of a start-up,” says Sloan. “Start-ups demand great working relationships. There can be no issues.” This means the cultural fit is equally as important as what’s on a person’s resume. Zwilling recommends looking for people who are results-oriented, people who can tell you what exactly they’ve done in their careers. As you probably know already, responsibility gets pretty evenly distributed in a start-up with a small staff. You need to know that people can produce when given that responsibility. “I hear a lot of people talk about what their job description is, but I’m looking for results,” Zwilling says. He also recommends looking for someone who is “attracted to the promise of a big win.” The road may be rough at first, but someone who’s ready to see your business through and can tell you why it’s worth it to them is someone you want on your team. If your business requires long or odd hours, look for someone whose other commitments aren’t going to prevent them from contributing. And, most importantly, you should steer clear of people who list being tired of the corporate world as one of their main reasons for applying. That doesn’t automatically mean they’re ready for the start-up world, either. Preempting these issues is key, so Sloan suggests putting all potential employees through a training session. He says, “The test period will reveal what the dynamics really are.” Dig Deeper: The New Rules of Hiring How to Attract Talent to Your Start-up: What to Offer As a start-up, you might not be able to offer top talent all the benefits and employee perks that a big corporation can, but what you can offer is the promise of purpose and independence. According to Sloan: “People get involved in a start-up for three reasons. One, they like creating, being part of something new. Two, they want to participate in the upside. Three, they want to live a meaningful life, and the closer you are to the success or failure of a business, the more meaning and purpose you feel.” Without a corporate ladder to scale, employees at start-ups can also start out with higher job titles, which can be a big incentive for driven individuals. No matter how driven a person is, though, he or she will still want to be reassured that the company will be around a few years from now. Sloan suggests being open about your financial situation, discussing your business plan and demonstrating knowledge about your place in the industry. You don’t want your new hire to face any surprises during the first few weeks. In addition to promising purpose and more important roles, many start-ups have another secret weapon to help them secure top talent: a casual and fun working environment. If you’ve got one, don’t be afraid to show it off. Meebo puts all its new hires through a three-hour work simulation, in which new hires not only get to demonstrate their skills, but they get to see how the office operates day-to-day. “If we get them in the door, we have a fighting chance,” says Perrault. “When we do the debrief, every single person says, ‘It’s so easy to see the enthusiasm of your employees, and it’s infectious.’” Dig Deeper: 10 Employee Perks We Love How to Attract Talent to Your Start-up: Always Be on the Lookout Don’t lose recruiting momentum just because you’ve filled all current positions. “Even if you don’t have an opening right now, eventually you’ll have an opening, and you need to get people interested, so by the time you’re ready, they’ll want to join you,” Perrault explains. “If you’re not recruiting all the time, you’re not doing it right.” Sloan suggests keeping a running list of all the people you meet or hear of who impress you. He calls it a ” Superstar list .” “It’s good to always keep track of outstanding people,” he says, “because you never know how or where you can plug them in.” Even when you’re not actively recruiting, you can still engage talented people in non-traditional forums. Meebo posts JavaScript puzzles on its site, and every once in a while, when someone does particularly well, Perrault’s team may contact that person to discuss job opportunities at Meebo. “It’s so clear to everyone here that recruiting is not just an HR job. Everybody here understands recruiting is the lifeblood of our organization,” Perrault says, “and that makes for a richer and stronger recruiting process.” Dig Deeper: Never Read Another Resume Meebo – Instant messaging – Employment – VentureLoop – Facebook Continue reading
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Tagged attract-talent, Business, continue,s ning social network africa at abroad, end,s ning social network europe at abroad, financial, guide, human-resources, industry, new york, office, people, recruiting, significant role of social media to attract business angels., social, social-networking, start, start,s ning social network of europe at abroad, start,s ning social network of europe atstart,s ning social network of ghana at, work
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