It’s never been easier to start a business with no capital at all. It’s also never been easier to raise millions of dollars for an idea. But what about the businesses that fall somewhere in-between? Whether you’re opening a restaurant, salon, dental office, or auto shop, you’re probably going to need outside financing. There are plenty of options, but a lot of them are very unfriendly to the business owner. The Business Backer is a Cincinnati, OH based company that “is helping small business owners flourish and grow by re-inventing relationship-based lending for the 21st century.” The company is built on the idea of True Relationship Financing, which a unique underwriting process that evaluates risk and customizes a deal in a way that is very different from most other financial institutions.
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Ohio,
risk management,
sales
While the United States may not hold the patent on freedom, I’m pretty sure that we hold the trademark. Freedom and liberty are a huge part of our national identity, though a nation, almost by definition, imposes limits on freedom. That’s generally where political differences arise from–how much and what types of freedom should be limited? The people at The Institute for Humane Studies would probably say not much and not many. They are an Arlington, VA based organization (housed at George Mason University) that “advances a freer society by discovering and facilitating the development of talented, productive students, scholars, and other intellectuals who share an interest in liberty.”
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Virginia
While non-profits may not be businesses, they still have to worry about financials. In fact, non-profits can often be more financially complicated than a lot of companies. Some organizations have accounting teams to manage the finances, and others rely solely on specialists. Whether a non-profit needs a little help with accounting or wants someone to do it all, they can go to Kiwi Partners. They are a New York, NY based firm that “gives the nonprofit leader the ability to focus on their mission, and provides clarity to the donor, giving them confidence to give.” They may not be a non-profit themselves, but they’re helping all kinds of organizations make the world a better place.
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Chances are that most of your communications with employers at this point are your submitting applications and their not responding. If you’re lucky, you may get a rejection letter… or even an invitation for an interview. Eventually it will get better and your communications will lead to the acceptance of a job offer. From there it will get boring–stuff like health insurance enrollment and reminders to clean up after yourself in the communal kitchen. While employee communications are often mundane, they’re an extremely important part of running a business. GuideSpark is a Menlo Park, CA based company that has built a “robust employee communications platform” that “allows HR executives to toss out the stacks of pamphlets and eliminate time-consuming seminars, and offers a new way to educate employees on complex HR topics like benefits, health care reform, and compensation programs.”
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If you’ve been looking for a job for any amount of time, you’ve probably interacted with dozens of applicant tracking systems. In case you’re not aware, they’re the software that companies use to post jobs and… track applicants. A lot of them suck for the end user (you), but a few offer pretty good experiences. One of the better ones is The Resumator. They’re a Pittsburgh, PA and San Francisco, CA based company that helps “great people build great companies” by bringing “talented professionals and compelling companies together.”
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I have a soft spot for Detroit, the entire state of Michigan, and Vernor’s Ginger Ale. My Dad’s entire family is from the Detroit area (including a former mayor going way back), but now I only have one Great Aunt still living there. The city has obviously seen better times, but I’m hoping that it will find its way again. So is Team Detroit. It’s an ad agency that in 2006 brought together parts of five legendary agencies that were under the same ownership (JWT, Y&R, Ogilvy, Wunderman, and Mindshare) and already working with Ford. Oddly enough, Team Detroit is actually based in Dearborn, MI, but I don’t think that should take away any street creed. They’ve been winning new clients and getting lots of accolades, so it sounds like they’re a winning team.
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Michigan,
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One of the most amazing things about the surge in popularity of crowdfunding is that it has allowed many businesses to get off the ground with zero inventory. Instead of having to guess at how many of something you should make, they can pre-sell the product and it deliver it at some undetermined date in the future. While this is totally awesome for those who are able to take advantage of it, the large majority of businesses still have to hold inventory if they ever want to sell anything. The goal is to get “the right product in the right place at the right time at the right price,” but that often doesn’t go as planned. Optoro offers a fix. They are a Washington, DC based company that “unleashes hidden revenue for retailers and creates value for shoppers” by helping businesses with “reverse logistics.”
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inventory control,
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Washington DC
I’m not sure if travel is any more popular today than it used to be, but it sure seems like it from looking at what my Facebook friends are up to. Travel is a massive industry because it’s both a leisure activity and a business activity, and that also makes it a very complex industry. People who work in travel need to keep up with the latest news and trends, so they often turn to Northstar Travel Media. They’re a Secaucus, NJ based “business information and marketing solutions provider to the $300 billion U.S. travel, tourism and meetings industries.” It started in 1939 with Hotel & Travel Index, and today Northstar Travel Media reaches more than 1.7 million monthly unique visitors online and 1.1 million people through subscriptions.
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tourism,
travel,
writing
As I mentioned earlier in the week, media and advertising are all about demographics. Unless you have the targeting capabilities of a Facebook or Google, it’s almost always better to build your properties targeted at a specific group. For SheKnows it’s all about women. They are a Scottsdale, AZ based company that has built a “women’s lifestyle media platform” that “allows brands to distribute authentic content and integrated advertising at scale.” What kind of scale? 40 million unique visitors per month. That’s a lot.
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Arizona,
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food,
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interactive media,
marketing,
media,
media planner,
New York,
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planner,
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promotions,
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social media,
strategy,
video,
writing
If you need to make a decision about something that you don’t know a lot about, your best bet is to consult an expert. That’s why friends usually come to me for all of their meat related questions. Since text messaging a buddy won’t always get you the right answer–especially in the business world–there need to be other ways to find expertise fast. AlphaSights is a New York, NY based company that provides “today’s investors, deal-makers and corporate strategists with access to the knowledge they need to succeed.” Unlike consulting firms, they don’t actually provide the knowledge. Instead they play the role of “knowledge brokers.”
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United Arab Emirates,
united kingdom,
web development
I always enjoy when two people with moderately funny last names decide to get married. There’s always the question of will they combine their names with a hyphen? The best potential that I’ve ever heard of was Weiner-Butt, but the couple sadly did not decide to hyphenate. These funny combos can also be created by business partners. Imagine that a guy with a not very funny last name of Wong and a guy with a pretty funny last name of Doody decided to start an ad agency. They could try to invent some random brand name that doesn’t say much about who they are, or they could smash their identities together and start WONGDOODY (the company logo is equally smashed together). The agency is based in Seattle, WA and “is the most awarded independent advertising agency on the West Coast.” They’re relatively small, but they’re doing some serious work.
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paid,
production,
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Washington
Every employer wants to get the most out of its people. Obviously their work product is the number one priority, but there are other objectives that a company might want to accomplish through their employees. I’m talking about things like zero waste initiatives, health and fitness goals, or retirement saving. Reaching goals usually requires behavior modification, and that’s a really hard thing to do (especially when it’s not tied to your compensation or reviews). WeSpire is a Boston, MA based company that provides “technology-based engagement programs to inspire employees for measurable impact.” It’s all about positive behavior change.
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The average supermarket is a pretty uninspiring place. It’s filled mostly with packaged, processed foods, and even the good stuff around the perimeter isn’t all that attractive. That’s why more and more specialty and gourmet grocery stores are popping up across the country. Here in Chicago we’re seeing a lot of Whole Foods and Mariano’s locations pop up, but we also got a special treat with an Eataly outpost. They are a New York, NY and Chicago, IL based gourmet Italian marketplace inspired by the famous chef Mario Batali. Their motto is: “We cook what we sell, and we sell what we cook.” It’s still a grocery store, but it’s also way more than that. Eataly is the kind of place that treats food how it should be treated.
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sales
It still amazes me how much old media drives new media. If you’re already famous, you can almost instantly carry that fame over to social media. A show like Shark Tank can drive millions of dollars in online sales. And the right tv mention can crash a website. What I think is cool is that we’re starting to see the reverse happen. People who are famous on Youtube, Twitter, or Instagram are carrying that fame over to more traditional channels. In short, it’s all coming together, and marketers need to be ready for it. Fullscreen is a Los Angeles, CA based agency that is aiming to build “the first media company for the connected generation—together, right at the intersection of tech and entertainment.”
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New York,
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operations,
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unpaid
Right now I have a shot at winning $1 billion. My bracket is 100% correct… though no games have been finished yet. In case you haven’t heard, Quicken Loans has put up that amount for anyone who gets a perfect bracket (and Warren Buffet backed it with one of his insurance businesses). It sounds like March Madness until you crunch the numbers. There is essentially zero chance that someone will win the prize, yet millions of people entered… and shared their information with Quicken Loans. That’s exactly why the Detroit, MI based company sponsored the contest. New leads are the lifeblood of a mortgage business, even if you’re already the “#1 online retail lender.”
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Ohio,
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I love GPS. I have the technology in my phone (like most people these days), my camera, and even a dog collar. It’s great to know exactly where you are, where you’ve been, and where you’re going–especially if you spend a lot of time in the wilderness like I do. Some people are even more enamored with GPS than I am. Those are the people who participate in communities run by Groundspeak, a Seattle, WA based company that aims “to make everyone an explorer and to put an adventure in every location.” It all started in 2000 when the U.S. government flipped a switch and made the signal from publicly available GPS satellites far more accurate.
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Washington,
web development
Do any of you remember Flip cameras? They were all the rage for a few years, and then they got completely crushed by smartphones. Who would buy a standalone consumer level point and shoot or video camera when you already have something that offers comparable quality in your pocket? The only good reason that I can think of is that you’re worried you might destroy your phone. That’s where GoPro came in. They’re a San Mateo, CA based company that has built a huge business by offering “the world’s most versatile camera.” While other manufacturers were killing each other with battles over megapixels and size, GoPro was focusing on a niche market of users who wanted to be able to take their cameras on adventures. It turned out that it was a really big niche.
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The original idea behind employer funded health insurance was that it was supposed to improve productivity by keeping employees healthy. That’s still generally the point, but today it seems that health insurance is mostly about fixing problems after they happen instead of prevention. Corporate wellness programs are the answer for employers who want to keep employees healthy (and lower insurance costs). Limeade is a Bellevue, WA based company that is aiming to “measurably improve well-being in the world through happy, healthy, high-performing workforces.” How do they do this? By offering software that makes rolling out a wellness program a snap for employers.
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Last week we looked at a company called Destination Maternity that has done really well become expectant mothers are often big spenders. Guess what–once they have the baby they keep spending. This is good news for Kids II, which is an Atlanta, GA based company that has “been inventing and reinventing baby toys and gear for over 40 years.” Even though they’ve been around for a while, their continued innovation has made them “one of the world’s fastest growing baby product companies.”
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Georgia,
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packaging,
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product management,
toys
One day I hope to have a business that makes real products. There’s something extremely alluring about designing and selling something tangible. Even though it may seem like every new company is operating entirely online, there actually has never been a better time to build physical products. Not only is it easier than ever to connect with manufacturers, but prototyping has been revolutionized with 3D printing. There’s still a barrier to entry in that it’s expensive and time consuming to get into 3D printing, and that’s why you can go to a studio like FATHOM in Oakland, CA which uses its “expertise in 3D printing and additive manufacturing to help customers innovate faster and more efficiently.”
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Every once in a while I go back and watch cartoons that I watched when I was a kid. I’m not talking about G.I. Joe and Teenage Mutant Ninja Turtles–I mean the the random video tapes with cartoons from the 1920s and 1930s. It’s amazing how effectively stories can be told with simple animations, so you would think they can be told even better with not-so-simple animations. That’s what Laika does. They are a Hillsboro and Portland, OR based “animation company specializing in feature films, commercials and short films.” They’ve been nominated for an Oscar, which tells you how exceptional their ability to “handcraft and transform everyday materials into living creatures infused with dimension and soul” is.
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When I was a little kid, I’d visit construction sites with my dad, the architect. I absolutely loved it, but at some point I lost interest in the construction industry. For me building things online seemed more interesting than building homes and offices. If you disagree, you might want to check out Hanley Wood. They are based in Washington, DC, and they are “the premier media, event, information and strategic marketing services company serving the residential and commercial design and construction industries.” For nearly 40 years they have been the go to source for “builders, remodelers, residential and commercial architects, multifamily and public-works executives, and materials dealers and distributors.”
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architecture,
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Texas,
Washington DC,
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Every company and organization in the world is looking for better talent. The problem is that the quest for talent is typically a zero-sum game for employers. The world’s most talent people are typically employed, so the only way to hire them is to steal them from someone else; however, there are some exceptions. The Center for Talent Innovation is a non-profit think tank that focuses on these exceptions. They’re based in New York, NY and have a two-fold mission: “to drive ground-breaking research that leverages talent across the divides of gender, generation, geography and culture; and to create a community of senior executives united by an understanding that full utilization of the global talent pool is at the heart of competitive success.”
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Have you ever sat around and waited for a phone call? It sucks. Believe it or not, there are a lot of businesses in which you sit around and wait for customers to call you. A plumber is a great example, but there are much more sophisticated businesses that have the same problem. They can invest in marketing that drives more calls, but why do that when you can invest online and track every step of the conversion/sales process? Because people who pick up the phone are often much better leads than people who inquire online. That’s why Invoca is bringing online analytics to phone calls. They are based in Santa Barbara, CA, and their “inbound call marketing tools empower you to generate better leads, higher conversions, smarter spends and greater revenue.”
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If you want to see me act like a child, take me furniture shopping on an empty stomach. It’s weird. I really appreciate what good furniture does for a space–whether it’s home or office–I think I just get freaked out by all the fake setups in a furniture store or something. I much prefer looking in a catalog and seeing a really cool office setup or a cozy living room. Even though they’re still staged, it feels more authentic. Haworth is a Holland, MI based company that “can make your environments work harder for you.” In other words, they make and sell furniture that is stylish yet functional (and they sell a lot of it–more than $1 billion a year).
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furniture,
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Michigan,
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quality engineer,
rotation program,
sales,
supply chain
Despite my early fascination/obsession with infomercials, I don’t think that I’ve ever bought something directly from tv. I just can’t do it. Doesn’t feel right. For me there’s some sort of stigma around buying off of tv, but I’m certain that there are plenty of people who have a different opinion. Take for example the 1.2 million customer that buy from ShopHQ. In case you’re not familiar, ShopHQ is an Eden Prairie, MN based company that creates “the ultimate interactive shopping experience by uniting live TV, online and mobile shopping opportunities with social media engagement across a variety of outlets including Facebook, Twitter and Pinterest.” They used to be known as ShopNBC, and you probably have their channel on your tv (they reach 86 million homes).
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Much of what we do on social media sites is completely frivolous, but we all know how powerful they can be when directed in the right way. Whether it’s raising money, awareness, or a volunteer force, there’s no better medium than the Internet for pushing a specific cause. Causes is a San Francisco, CA based company that wants to be the place that people go to when they want to “discover, support and organize campaigns, fundraisers, and petitions around the issues” that matter to them and their communities.
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Early in the wedding planning process I proposed that we try to do as much online as possible. I quickly lost that battle, and I must say that our custom designed paper goods turned out amazingly well. I’m just glad that I wasn’t paying for them. If only there was a way to get beautiful, custom designed paper goods for a reasonable price. That’s exactly what Minted offers. They are a San Francisco, CA based company that aims “to find exceptional artists and designers all over the world and bring their work to consumers who appreciate great design.” They were early to the crowdsourcing model in 2008, and since then they’ve grown into a place where consumers can find great designers and great designers can get exposure that will help them build their careers.
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About a year ago I woke up to a loud chirp. It wasn’t a bird (though we did have two birds fly down our chimney in two days around the same time). It was the smoke alarm. This wasn’t the “OH MY GOD THE HOUSE IS ON FIRE” alarm. It was the “let’s wake you up in the middle of the night so that you can change the battery” alarm. I ignored it… until it went off again five minutes later… and again… and again. So I’m in my underwear standing on a chair trying to disable this thing. It’s 3 AM and the smoke alarm is just out of my reach. I am at the point where I’ll do anything to go back to sleep, and there’s a baseball bat in the nearby closet…. and then I’m finally able to disable the alarm. I understand that smoke alarms with dead batteries can’t save lives, but there has to be a better way (especially considering that climbing on a chair when you’re sleep-deprived is pretty dangerous). Nest agrees. They’re a Palo Alto, CA based company that “takes the unloved products in your home and makes simple, beautiful, thoughtful things.” Their first product was a thermostat, and now they’ve just announced a smoke and carbon monoxide alarm.
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Education is a lot like compound interest. You do way better if you get a good start (and vice versa). Apparently some states “use third grade academic performance data to predict the number of prison beds they will need in the following decade.” That’s depressing, but it makes sense and tells us a lot about how important the first few years of school are. If children are already behind at such an early age, how will they ever catch up? BELL (Building Educated Leaders for Life) is a Boston, MA based non-profit that has some answers. They aim “to transform the academic achievements, self-confidence, and life trajectories of children living in under-resourced, urban communities.” This is done through after-school and summer educational experiences that are designed to help kids catch up during the time that they’re not in school (apparently the lack of summer learning opportunities explains “2/3 of the academic achievement gap between children from low-income communities and their higher-income peers”).
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