inVenture: Advancing Innovative Businesses June '06 
News in a Flash

City of Bloomington Announces Bloomington Entertainment and Arts District
On May 23, 2006 the Bloomington Area Arts Council hosted a public forum to announce the Bloomington Entertainment and Arts District (BEAD). This district will be located downtown, from Seventh Street to the north to Third Street to the south, and W. Kirkwood Ave to the west to Washington Street to the east. It will feature a thriving arts, music, theater and museum scene anchored by cultural institutions, growing commerical and retail businesses, restaurants and residences. Mayor Mark Kruzan said BEAD will help broaden public access to the arts, foster those that make their living with their craft, and ensure sustained growth in Bloomington's creative industries for their long term economic development. For more information, visit the City of Bloomington website.

Bloomington One of Four Indiana Cities Praised for Quality of Life
A new study prepared by Expansion Management magazine recommends four Indiana cities on a list of 362 metro areas that would make good expansion sites for mid-sized business as determined by its "Quality of Life Quotient." The metro areas of Bloomington and Lafayette received five-star ratings, the highest award possible. The metro areas of Evansville and Fort Wayne were also honored with four-star ratings.

The "Quality of Life Quotient" looked at median family income, per capita income and per capita disposable income levels, combined with cost of living adjustments, state and local tax burdens, family and individual poverty levels, and unemployment rates. The study also considered crime rates, schools and traffic.

Bloomington earned its highest ranking at 22nd because of its low crime rate. Bloomington also ranked 27th for spouse employment.

The complete list can be found at www.expansionmanagement.com.

2006 Indiana Entrepreneurial Awards of Distinction
The Johnson Center for Entrepreneurship and Innovation of Indiana University's Kelley School of Business is pleased to present the 2nd Annual Indiana Entrepreneurial Awards of Distinction. These awards recognize outstanding emerging and established companies within the state of Indiana for their achievements in growth, innovation, and entrepreneurial spirit. Non-profit organizations are invited to apply for the Social Entrepreneurship Award presented to a not-for-profit organization with a social mission that demonstrates social entrepreneurial excellence in innovation and/or spirit.

All public and private corporations, proprietorships and partnerships located in Indiana and founded prior to the 2003 fiscal year with revenues greater than $1 million are eligible to apply.

You may submit an application for your organization or nominate a potential candidate. The deadline for applications is August 15th. The awards will culminate with an awards banquet at the Indiana Roof Ballroom in Indianapolis on Thursday, October 19th.

Asian Powers Symposium June 7
China and India have emerged as significant economic powers in recent years. The Asian Powers Symposium will provide an opportunity for Indiana business executives and community leaders to consider the changes in the economic landscape and think through what opportunities and challenges these bring about for Indiana. The symposium will take place on June 7, 2006 from 2:00-4:00 pm at the Indiana Repertory Theatre—Upperstage. Registration is free.

 
Small Business Spotlight

South Central Indiana's area economy is made up of many unique small businesses which often are overlooked. Each month learn about a local small business that you might have not known about!

Yelena: Photographer of Joy
"Yelena: Photographer of Joy" is a woman-owned Bloomington portrait photography business specializing in whimsical, playful and joyful portraits in nature or at clients' homes. The business provides an imaginative alternative to formal, posed studio portraits. The company was started in January of 2005 by Yelena Yahontova, who is originally from Minsk, Belarus, but who has lived in Bloomington since 2002.

Yahontova is an award-winning photographer and costume stylist. She offers imaginative portraits for everyone: families, babies, expectant mothers, children, high school seniors, couples, people with their pets, musicians, dancers, models, etc. She prefers photographing in nature where her subjects feel relaxed and inspired, rather than in a studio.

A special distinction of "Yelena: Photographer of Joy" is that Yelena provides a costume and accessories collection for both adults and children to have fun with during the photo session. Her collection includes 19th century-style dresses, fairy gowns, and butterfly and angel wings, among other items. Yahontova captures the uniqueness of each individual and the love and tenderness between family members. Yelena's work transforms women into goddesses, children into princes and princesses and angels; above all, she creates portraits that are works of art.

Yahontova's work has been exhibited in numerous places throughout Bloomington in 2006: Waldron Arts Center, Uptown Café, Roberts Photographic Equipment, tutto bène Wine Café. This month (June) Yahontova has 5 exhibits:

  • Summer House (window display at Victoria Towers building on Kirkwood)
  • Theater Café on Kirkwood
  • Bloomingfoods East
  • La Torre Mexican restaurant (East side, across from Hobby Lobby)
  • El Norteno Mexican restaurant (downtown, off of the square, in the old Princess Theater building)

The work of "Yelena: Photographer of Joy" has received awards from several major national photo contests. It has also been featured in several local publications, including twice in Bloomington's newspaper The Herald-Times. To learn more, visit Yelena's website.

 
Tips of the Month

Be a Good Multitasker
Entrepreneurs must be effective multitaskers. Keep a log of all your activities throughout the day: incoming and outgoing phone calls, interrruptions, meetings, and breaks. Watch for patterns—when customers usually call, when you attend regular meetings, and so on.

With this information you can arrange more flexible activities around those with hard deadlines. If you're observant, you'll also discover periods when interruptions are rare. These are ideal times to take care of routine tasks, catch up on business correspondence, and plan work schedules. Learn more.

Upcoming Events

June 8: Business Planning Workshop
What: An interactive Business Planning workshop that will provide everything needed to write your company's plan for success, through an internet-based Business Planning account on Navigator.
Where: SBDC, 501 N. Morton St., Suite 106
Time: 3:00 pm - 5:00 pm
Cost: $79.00, includes Navigator account
Contact: SBDC, 812-339-8937 (registration required)

June 14: Business Orientation Start-up Session (BOSS)
What: Learn what it takes to start your own business and become your own boss.
Where: SBDC, 501 N. Morton St., Suite 106
Time: 3:00 - 5:00 pm
Cost: $25
Contact: SBDC, 812-339-8937 (registration required)

June 15: Quickbooks Training
What: Learn the basics of accounting and walk through setting up the QuickBooks program with a Certified QuickBooks ProAdvisor.
Where: SBDC, 501 N. Morton St., Suite 106
Time: 4:00 - 6:00 pm
Cost: $39.00
Contact: SBDC, 812-339-8937 (registration required)

June 15: Business After Hours
What: Greater Bloomington Chamber of Commerce monthly Business After Hours
Where: Great West Casualty Company, 2905 N. Stone Carver Drive
Time: 5:30 - 7:30 pm
Sponsored by: Great West Casualty Company

June 20: Tech Tuesday
What: A series of video conference presentations with a networking and educational component for Bloomington technology businesses.
Where: inVenture, 501 N. Morton St., inVenture Conference Room
Time: 8:30 - 10:00 am
Contact: Terri Brown, inVenture, 812-335-7356

June 27: Artists After Hours
What: Bloomington Area Arts Council monthly Artists After Hours
Where: John Waldron Arts Center, 122 S. Walnut
Time: 5:30 pm

June 28: Business Orientation Start-up Session (BOSS)
What: Learn what it takes to start your own business and become your own boss
Where: SBDC, 501 N. MortonSt., Suite 106
Time: 3:00 - 5:00 pm
Cost: $25
Contact: SBDC, 812-339-8937 (registration required)

July 7: New Economy, New Rules Seminar
What: Series of video conference presentations from industry leaders geared towards the information technology industry.
Where: inVenture, 501 N. Morton St., inVenture Conference Room
Time: 7:30 - 9:00 am
Contact: Marilyn Skirvin, Bloomington Economic Development Corporation, 812-335-7346

 

SBDC Business Solutions

The 2006 Wayfinder Business Guide is Now Available!

Ever thought about starting your own business but didn't know where to start? Then this is the publication for you!

The South Central Indiana Small Business Development Center has released the 2006 edition of the Wayfinder Business Guide. It includes a wide range of local resources available to start-up and existing businesses, as well as information on how to work with government entities, develop a business plan, and develop a marketing strategy.

Stop by the SBDC office to pick up your copy of Wayfinder at 501 N. Morton Street, Suite 106 in Bloomington, or call 812-339-8937.

BioTech Primer Pre-Conference at Innovention '06, June 12
The language and science governing the biotechnology industry is overwheming. BioTech Primer can help you understand the terms and concepts. BioTech Primer, Inc. provides basis biotechnology education and training for non-science professionals. This session is perfect for individuals and companies that want to learn how to engage and do business with the rapidly growing life sciences industry. To register for this 1:00-4:00 pm conference on Monday, June 12th, click here.

View More Small Business Solutions

 
USeful Links
Web sites to help your business succeed.

Thank you to the financial supporters and partners of inVenture and the South Central IN SBDC: Bloomington Economic Development Corporation, Bloomington Urban Enterprise Association, Cairril.com Design & Marketing, City of Bloomington, Indiana Economic Development Corporation, Indiana University, Ivy Tech Community College-Bloomington and the Small Business Administration.

Sponsor:

Kiva

This newsletter is produced by the inVenture and is intended to keep our clients and partners informed of current programs and small business issues. Out of respect for your time, we will only send one announcement a month. If you would prefer not to receive this newsletter, please to be removed from our mailing list.

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inVenture: Advancing Innovative Businesses