inVenture: Advancing Innovative Businesses October '08 
News in a Flash

Fuse logoFourth Annual Fuse Business Innovation Awards Luncheon
The entrepreneurial community is the backbone of our local economy. The SBDC and inVenture will be recognizing this community at the annual Fuse Business Innovation Awards Luncheon. This luncheon will focus specifically on the small business community and spotlight its innovation, creativity, energy, and growth. We want to recognize the businesses that are “Brands To Watch”.

Fuse Award Categories:
  • Bill & Gayle Cook Entrepreneur of the Year
  • Entrepreneurial Growth Award
  • Innovation Business of the Year
  • Microenterprise of the Year
  • Social Entrepreneur of the Year
  • Small Business Advocate of the Year
  • Community Service Award
Dr. Donald F. Kuratko

This year we welcome Dr. Donald F. Kuratko, The Jack M. Gill Chair of Entrepreneurship; Professor of Entrepreneurship & Executive Director of the Johnson Center for Entrepreneurship & Innovation at the Kelley School of Business; Indiana University -Bloomington, as keynote speaker; The title of the presentation will be: “Entrepreneurs: The Engines of Our Economic Future.”  Dr. Donald F. Kuratko is considered a prominent scholar and national leader in the field of entrepreneurship. Author of over 160 articles on aspects of entrepreneurship and corporate innovation. Professor Kuratko has authored 22 books and in addition, Dr. Kuratko has been consultant on Corporate Innovation to a number of major Fortune 100 corporations and he is the Executive Director of the Global Consortium of Entrepreneurship Centers (GCEC), an organization of over 200 top university entrepreneurship centers throughout the world.
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Where: Bloomington Convention Center, 302 S. College
When: October 9th
Time:  11:00 am to 1:00 pm
Cost:
$25.00 per person

Seats are limited; register today by calling Terri Brown at 812-330-6272.


The Ethics of Outsourcing Customer Service

Sending jobs overseas may be good for the bottom line in the short term, but frustrated customers will vote with their wallets by Bruce Weinstein, PhD

It's a familiar scenario: A product you purchased recently has developed a problem, so you call the company's toll-free number and are connected to a "customer service associate" in India or the Philippines. You describe your problem but have a hard time understanding what the company representative is saying. You try several more times to communicate why you are calling but cannot get information that you can comprehend. You ask to be transferred to someone in the U.S. and are then put on hold for what seems like an eternity. You hang up in frustration and vow never again to purchase anything from this company.

More and more businesses are outsourcing not just manufacturing jobs but services ones too. On the face of it, this seems like a smart financial move: By slashing labor costs 25%, 50%, or more, companies that have had slim profit margins are now able to enrich the bottom line and keep shareholders happy.

Outsourcing customer service, however, is not only unethical. It's bad for business. {Here's why»}

 
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!

Life Sciences Company Receives $2.3 Million Grant

The National Institutes of Health has awarded Bloomington-based Predictive Physiology & Medicine (PPM) a $2.3 million grant to further develop its comprehensive molecular assessment for cardiovascular patients. The life sciences company says the money allows it to follow patients over time, track their progress and get a better understanding of cardiovascular health. PPM is set to begin test market launches before the end of the year and plans to begin selling the service in 2009. {more»}

 

Upcoming Events

October 1: 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 106A
Time: 10:00 am - 12:00 pm
Cost: $25
Contact: SBDC, 812-330-6272 (registration required)

October 3: 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: 8:00 am - 9:30 am
Contact: Marilyn Skirvin, Bloomington Economic Development Corporation, 812-335-7346

October 7, 14, 21, 28: Community Chats
What:  A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 pm - 8:30 pm

October 15: 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 106A
Time: 3:00 pm - 5:00 pm
Cost: $25
Contact: SBDC, 812-330-6272 (registration required)

October 15:  Icebreakers
What:  Bloomington's after-hours networking event for entrepreneurs' tech-based businesses.
Where: To be announced
Time:  3rd Wednesday of each month starting in September, 5:30 p.m. - 7:30 p.m.
Cost:  Free
Contact:  inVenture, 812-330-6272
icebreakers

 

USeful Links
Web sites to help your business succeed.
Answers.com
Monroe County History Center
GSI US
Patent, Trademark and Copyright Assistance
Market Research Resources

Management Tips

 
Tips of the Month

Want to improve the way you run your business?  Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day
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SBDC Business Solutions

Need an overview on starting a business?

Would like to know more about SBA business financing programs?

Looking for help with your financial statements?

The Indiana Small Business Resource Guide can help tackle these small business challenges and more.

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, Monroe County Government and the US 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