Elevate Ventures CEO Christopher Day and TechPoint CEO Ting Gootee (IIB Photo) INDIANAPOLIS – From Amazon to Microsoft to Twitter and many others, tech companies nationwide have announced more than 200,000 layoffs since the start of the year. But is a different story emerging in Indiana? More than 130 Hoosier tech companies reported $441 million in capital investment last year, the second highest number since Indianapolis-based TechPoint began publicly tracking those numbers, and several tech companies have already landed big funding rounds in 2023. TechPoint CEO Ting Gootee and Indy-based Elevate Ventures CEO Christopher Day appeared on Inside INdiana Business with Gerry Dick to talk about the state of the Hoosier tech sector. Gootee said despite the number of tech layoffs nationwide, Indiana has a much better outlook. “Indiana, based on the numbers we’re tracking, the tech workforce demand is still outstripping supply by a factor of two,” Gootee said. “And we’re also actively in conversations with roughly 200 tech employers in our state, ranging from startups to big companies, and less than 8% of them have conducted layoffs.” Day said the national situation creates an opportunity for Indiana tech firms looking for talent. “That talent has, as we […]

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Four strategies to develop your problem solving skills and become an expert at navigating challenging situations at your dealership One of the more pressing issues facing dealerships today is navigating the numerous challenges they face, including changing consumer behavior, new OEM agreements, rising competition, and technological disruption. So, it’s understandable that dealership owners and managers might be concerned about meeting these challenges. However, here’s something to help you confidently lift your head toward the future: The key to overcoming these challenges is through creative problem-solving, which requires a willingness to confront complex issues, take calculated risks, and think outside the box. Yes, it sounds cliche, but it’s true. So, let’s look at ways to you can develop a new paradigm. Move from Comfortable to Uncomfortable Ask anyone around you if they would rather live a comfortable or uncomfortable life, and most will choose to stay in a comfortable zone—every day. It’s part of our human makeup. But, creative problem-solving involves a shift in mindset from living a comfortable and fixed business cycle to an uncomfortable but growth-oriented cycle. Rather than seeing challenges as insurmountable obstacles, dealerships should lean into those uncomfortable challenges and see them as opportunities for growth […]

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Bucyrus Telegraph-Forum Statewide award recognizes Mid-Ohio ESC for its career readiness efforts MANSFIELD — The Mid-Ohio ESC was recently awarded a 2023 Business-Education Leader Award for Excellent Business Advisory Councils by the Ohio Department of Education in collaboration with Lt. Gov. Jon Husted. The Business-Education Leader Awards for Excellent Business Advisory Councils recognize two, three and four star-rated Business Advisory Councils throughout the State of Ohio for their exceptional work building strong partnerships to instill professional skills for future careers and coordinating experiences for students. Mid-Ohio’s Business Advisory Council convenes education and business leaders to engage in dialogue, build trust and identify strategies that transform the student learning experience. It is Mid-Ohio’s goal that the ongoing, intentional collaboration will result in a more responsive education system based on regional economic drivers and needs and the expansion of locally focused career readiness learning experiences for students. The activities provided by the Ready for Hire after-school and summer learning program, a collaboration with the SPARC Council, is an example of such an activity. This program is funded by two grants, designed in alignment with Business Advisory Council Quality Practices, ensuring that students can participate in environments that allow them to develop […]

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Judson A. Kline Architect William McDonough in his book "Cradle to Cradle, Remaking the Way We Make Things," stated the importance of the idea that "design is the first signal of human intent." It simply clarifies our aspiration for the impact that design has on our lives and community. It can be the economic game changer contributing to the success of our region. Reimagining Northeast Ohio as the "Milan of the Midwest" through a Design Business Accelerator will contribute to a more robust creative product development environment in the region where local organizations will be able to increase capacity to produce and manufacture their designs, attract and retain talent, and become better global competitors. Imagine Cleveland utilizing its cultural, academic and not-for-profit institutions along with its existing vibrant design culture and creative manufacturers to become engaged on an international level with other great design centers of the world such as Milan, Stockholm, Paris, Seoul, Shenzhen, Tokyo, Chicago, San Francisco or Detroit. To do this, we need to populate a "District of Design," attracting great international creative organizations in the fields of product, automotive, graphic, industrial, biotech, interior, architectural, furnishings, advertising, materials, theater and fashion design. Therefore, producing a strategy […]

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Almost every day, we are seeing another Instagram or Facebook post from a local business announcing they are closing. Cue the post mortem conversations, the blame, the theories, the sideline commentary from self-appointed experts and, of course, the popular scapegoats Worcester loves to blame. We’re not talking about what’s really going on, and it leads to the pointing of fingers and inaccurate theories instead of factual conversations. I don’t pretend to be the voice of small businesses; but I am a voice, and I’m telling you what I see. What’s happening is complicated and not caused by any one big reason. I wish it were that simple. Jessica Walsh My businesses survived 2020, but the long-term effects are coming into focus. Costs have doubled on almost everything, shipping costs have skyrocketed, consumers are spending less, businesses are spending more with less return, supply chains remain delayed, changes are happening citywide, old ways of thinking dominate, and deferred loan payments are coming due. These are just a few of the issues we navigate. Our suppliers have the same struggles and are going out of business, sometimes with the money we paid them for services never rendered. Costs are not being […]

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Helder Machado of Machado Consulting was an early adopter among this wave of tech companies downtown. With its historic buildings lining Main Street and surrounding its common, downtown Worcester has an old feel to it recalling the days when shoppers and workers crowded the sidewalks. Inside of these century-old structures, and some contemporary ones, businesses from one of the most cutting-edge industries – technology – have been setting up shop. They have been drawn to the area by nearby amenities, advantageous location, and access to talent, helping them get the best workers available. With new companies moving in, one of the early adopters of the downtown tech wave would like to see faster internet speeds in the neighborhood, to improve infrastructure for the tech companies in town. Something of a trailblazer, in 2010, Helder Machado moved his IT consulting firm Machado Consulting to the fifth floor of one of those buildings, 32 Franklin St., the former Worcester Chamber of Commerce Building, built in 1925. “I remember telling some of my friends, ‘I’m starting a business, and I’m going to be headquartered in Worcester.’ They laughed,” said Machado, a graduate of Worcester Polytechnic Institute. They suggested he start his business […]

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Source: Shutterstock Key Insights International Business Machines’ estimated fair value is US$163 based on 2 Stage Free Cash Flow to Equity International Business Machines’ US$135 share price indicates it is trading at similar levels as its fair value estimate In this article we are going to estimate the intrinsic value of International Business Machines Corporation ( NYSE:IBM ) by estimating the company’s future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. There’s really not all that much to it, even though it might appear quite complex. Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . Is International Business Machines Fairly Valued? We’re using the 2-stage growth model, which simply means we take in account two stages of company’s growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get […]

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Westend61/Getty Images Capital One is well known for its rewards credit cards for consumers. It also offers a slew of great business credit cards — and that’s true whether you want to earn flexible cash back or rewards you can redeem to cover travel expenses. If you’re in the market for a business credit card, Capital One’s slate is worth considering. Not only do business cards from Capital One offer valuable rewards and cardholder benefits, but each one offers free employee cards for workers and no foreign transaction fees . What is the best Capital One business credit card? It depends on the business spending you plan to do over the next year — and the business rewards you’d like to earn. Our ranking highlights the top Capital One credit cards you should consider based on factors like rewards rates, sign-up bonuses and annual fees. Capital One Spark Cash Plus Card: Best for earning cash back The Capital One Spark Cash Plus Card rewards business owners with a generous welcome bonus and an easy-to-understand earning rate. New cardholders can earn a cash bonus of up to $1,000: $500 cash back when they spend $5,000 within three months of account […]

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Join us for this free webinar as top US female angel investor, Kim Perell, reveals why pivoting is crucial for companies of any size and how you can identify if it’s time to make a change. Register now → Are you struggling to make sales? Is your competition increasing? Are you having cash flow issues? Are you feeling defeated and not sure what to do next? These may be signs you may need to pivot your business. Don’t know where to start? In this informative webinar, award winning entrepreneur and prominent investor Kim Perell, will reveal why pivot is an essential part of building a successful business. As market conditions change and technology evolves, so must a company’s ability to adapt. Through her own riveting real-life examples, Kim will break down the reasons why pivoting is crucial for companies of any size and how you identify if it’s time to make a change. Why pivoting is crucial for companies of any size Recognizing 3 signs of when it is time to pivot The 5 pivots every leader faces The one thing never to change in any company Developing the winning mindset to adapt to change Join us for this […]

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Many, if not most, of the businesses who remain in Russia employ communications experts or agencies, who know very well the moral, legal and reputational risks of continued operations in a country committed to crimes against humanity. Just under a year ago I introduced myself to the readers of this publication – the global PR community – with an appeal “to support Ukraine as a nascent democracy defending both ourselves and the rest of the free world” as I tried to convey the shock and horror of an unprovoked war. A year ago, I thought that the communications community responded. PRCA and ICCO quickly formed the Ukraine Communications Support Network (UCSN), which I now co-chair with David Gallagher, and through it countless individuals and agencies have volunteered hundreds of hours of time organizing dozens of projects to promote humanitarian aid, counter propaganda, and amplify campaigns from Ukrainian creatives. In fact, PRovoke Media changed the names of the geographical categories in its annual contest of cases and stopped inviting Russian judges and cases. We’ve been invited to webinars, podcasts, live conferences and even a major Japanese television documentary, all in the spirit of unity and empathy from colleagues around the […]

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