Entrepreneurs and Local Businesses Sell Out Northeast Florida's First "Startup Weekend"

This weekend more than eighty attendees will participate in Northeast Florida's first "Startup Weekend," an intensive 54-hour three-day event which will help existing businesses, new businesses and "entrepreneurs with big ideas" get a jump start on building and implementing web and mobile business applications.
Everyone is fairly clear about business applications for the web (making your products or services accessible through notebooks or desktop computers), but what is a mobile business application? It is basically the same thing--but accessible on smart phones, iPads, iPhones and other mobile or portable devices. A mobile application could include additional website bookmark capabilities or provide for instant messaging options via a mobile device or provide access to other mobile functions. Web and mobile business applications simply provide businesses another way to connect with their customer base in selling their business product or service. Sales to customers while limiting the need for additional sales personnel or office space and a mechanism to permit businesses to reach a market outside their local community could be critical for the entrepreneur's or new business owner's success in today's business environment. The three-day event will be held at UNF and will engage three groups (with three different types of tickets for the event), including:
"Developer" Participants. This ticket category will include technically trained individuals who can write computer code for a businesses' web based computer applications and mobile applications.
"Designer" Participants. This ticket category includes non-technical people who are essential to the development of the look and the brand elements of a businesses' web based computer applications and mobile applications (including, for example, graphic artists, social media specialists and video specialists).
"Business Support" Participants. This group will include professionals who will support the entrepreneur or business in the development and implementation process (including, for example, financial, legal and marketing professionals and businesses).
The Startup Weekend will be an interactive event. It will kick off with ideas being pitched and teams being formed to consider the top products and services. As the event draws to a close on Sunday evening, ideas will again be pitched--but this time to a panel of judges. The finalists selected by the panel of judges will have the opportunity to win up to $25,000 in prizes.
The Jacksonville Business Journal recently interviewed entrepreneurs and new business owners attending Startup Weekend event (see "City's First Startup Weekend to bring entrepreneurs together") and reported on various mentors and business leaders that would be on hand to guide the participants through the interactive activities that weekend. The January 20, 21 and 22, 2012 Startup Weekend has met with a resoundingly positive response in the Northeast Florida business community as it was officially announced last week that the event was "sold out."
Still, if you are interested in participating in the January event, sponsors are "wait-listing" individuals who want to participate this weekend and are releasing any tickets that become available in the order you go on the list. Even if you are not able to get into the January event, if your name is on the waiting list you will receive communications about upcoming events.
A recent article in the TheStreet, an internet magazine focused on the world of investment, finance and business, reported that IBM would be expanding its “cloud offerings for business users” through the purchase of DemandTec in the first quarter of 2012. This follows news in early December regarding SAP’s purchase of SuccessFactors and Oracle’s October purchase of RightNow. The article noted the trend toward acquiring cloud-based marketing pricing and analytics companies, reporting that “Cloud based businesses and analytic abilities are becoming increasing important to IT services and software giants as consumers and businesses make more Smartphone-based decisions using mobile networks.” To read more about those trends see
In June 2011, Major League Baseball's Los Angeles Dodgers filed Chapter 11 Bankruptcy. The Chapter 11 protections will permit the Dodgers to continue to operate as a business, but protect its cash and assets while taking a look at how its existing obligations and contracts can be modified to allow the business to continue in a financially viable manner. While in Chapter 11, the team can continue to make payroll, sign players, pay contracts and compete as a team. As with other debtors in Chapter 11, the Bankruptcy Court seeks to balance the effort to maximize the value of the bankruptcy estate for the benefit of the Dodgers' creditors and the effort to arrive at a plan by which the Dodgers' business can continue to operate. Unlike other businesses in Chapter 11, the Bankruptcy Court is dealing with Major League Baseball's oversight of each baseball franchise’s business activity. 
Solantic, a Jacksonville-based urgent care company, has sold its privately owned centers to Welsh, Carson, Anderson & Stowe, a New York private equity firm. In April, the firm bought a controlling interest in the company and recently announced its acquisition of the company. The new owners of the company have named Michael Klein as Solantic’s new president and CEO following co-founder Karen Bowling’s notice that she would be stepping down to a senior strategic adviser position. The firm was a key player in the rapid expansion throughout Florida, investing money to fund more than 40 new free-standing clinics.
On June 13, 2011, Panera launched its “most significant ad campaign to date,” according to Chief Marketing Officer Michael Simon, entitled “Make Today Better” according to Forbes. This advertising campaign is just over one percent of its overall revenue compared to competitors who allot about three to five percent of revenue on media spending. Panera’s new television and radio spots broke on the 13th, followed by social media like Facebook and Twitter launching this coming week. The campaign’s goal is to change the view customers have of Panera being a brand preferred to a brand loved. Panera reported a profit in 2010 of $111.9 million on revenue of $1.54 billion. In the Jacksonville area, there are 14 Panera bakery-cafes to enjoy.
A two-story building will be built at Flagler Center in south Jacksonville by General Capital Group and Duke Realty Corp. The building will be used by a U.S. General Services Administration to house immigration services. Four years were spent to locate potential properties for the services. Eventually, it was determined that nothing worked for a retrofit, so a greenfields site will be developed. The new building will be designed to LEED standards as a project design that incorporates environmentally sustainable features. LEED stands for "Leadership in Energy and Environmental Design."
Salt Life Restaurant Group LLC has announced that it will open twenty Salt Life Food Shack restaurants across Florida. The managing partner of the group, Greg Saig, stated that the plan is to open the new restaurants over a ten year period. The original Salt Life Food Shack opened in Jacksonville Beach in January 2010. The next two are expected to open by next year, but exact locations are still being considered. Salt Life Food Shack is an extension of the Jacksonville-based Salt Life, Inc, a clothing supplier identified by their t-shirt and sticker logos.
There's a new trend hitting the "fast food" world. Insiders are referring to it as the "better burger" concept, and one up-and-comer, known as "Smashburger", has set its sights on Jacksonville. Smashburger recently announced its agreement with five new franchisees who have commitment to build 63 new franchise units across the country. This news brings Smashburger's franchise pipeline total to about 463 locations.
As Oprah is ending her 25 years on the air, small business owners, entrepreneurs, and anyone with a product to sell can learn from her success. From the beginning, she recognized that it is important to "just go with it". She made it clear that one can recover from mistakes that may come up, and she learned to do that over the years. Much too often, individuals let one mistake or problem disrupt their dream because they think it may mean they are doomed for a letdown. Instead, view problems as part of your “quest” and learn from them. Another important concept--give customers what they want. Too often, small businesses are unwilling to meet their customer’s demands. Those businesses that meet the demands usually find success. Keep your focus on your brand; a lack of focus leads to the downfall of many small businesses. Knowing who to associate with is also essential. It is important to find partners and employees who are devoted to promoting your business. An important thing to remember is to know when time is up and to let go.
Since Blockbuster Video filed bankruptcy back in September, its stock price has fluctuated from 4 cents to 23 cents, yet some investors are undeterred and still purchasing those shares.
Only a few weeks after announcing its planned 3 for 1 stock split, CSX revealed during its annual conference that it expects yearly double-digit growth in its per share earnings and income through 2015.
Jacksonville based corporation, CSX, announced earlier this month that it has approved a stock split of 3 for 1. In addition, the company committed to increasing the quarterly dividend of its common stock by 38 percent. CSX also plans to initiate a program to buy back over $2 billion of corporate shares.
Blue Cross Blue Shield, one of Florida's largest insurers, announced its plan to enter Florida's Medicaid market. A spokesperson for the company stated that the timing is right, especially considering the Legislature's recent decision to expand Medicaid's role statewide.
The first lady recently called on companies to recruit and hire members of the military and military spouses, stating that these individuals have a lot to offer. Michelle Obama, along with Jill Biden and Labor Secretary Hilda Solis, visited a Sears shipping facility in Columbus while promoting a new “Joining Forces” effort to boost support for members of the military and their families. The first lady spoke to about 200 Sears employees who have a military connection and thanked them for their sacrifices. Sears employs more than 30,000 military veterans, more than 1,500 active service members and thousands of military spouses. Companies that make it easier for employees to transfer jobs when their military spouses are transferred were highlighted. Mrs. Obama and Mrs. Biden spoke highly of Sears, Wal-mart, and several other companies.
The future of Smartphones may be at risk due to the rise in sales of tablets, not laptops, as some analysts predict.
The Securities and Exchange Commission has announced its intent to bring charges against Wachovia Corp. for assessing usurious fees against its investors for collateralized debt obligations (some of which containing mortgages).
Current measures being taken to close the tax gap (the difference between taxes paid and tax owed) has begun to disproportionately affect small businesses. Part of this may be attributed to an increase in audits and information reporting requirements for small businesses, such as the new 1099 reporting requirement.
Groupon recently announced it will continue its marketing campaign based on provocative ideas in order to reach new users and markets. This announcement comes as a surprise to some marketing analysts, as the company recently pulled a commercial that originally aired during the Super Bowl. The ad drew criticism for making light of the current repressive climate in Tibet, forcing Groupon to issue an apology.
A contingent of Bank of America shareholders filed suit against the bank on Monday over its foreclosure paperwork practices. The complaint alleges the bank did not properly record mortgage documents as the bank either originated or acquired them. This failure to properly record created unreasonable complications when foreclosure actions became necessary.

In order to avoid slip and fall accidents at your business, it is important to take steps to reduce your risk of liability. Keeping floors dry, clean, and free of obstructions is also important. Someone should be tasked with monitoring the cleanliness of floor space throughout the office. If items are left on the floor for a long period of time or the floor is wet, you are putting yourself at risk for accidents.
AT&T has announced its intent purchase T-Mobile for $39 billion. The purchase would create the largest wireless carrier in the U.S., with an estimated 130 million subscribers. T-Mobile's current parent company, Deutsche Telekom, released a statement explaining that the deal has been approved by both companies' Board of Directors. However, the deal must first be approved by the FTC and SEC. Some critics are skeptical that the deal will ultimately be approved, pointing to the current lack of choice in the U.S. cellular market. Others claim that the U.S. has one of the most competitive markets around, stating that in 18 out of the top 20 markets, consumers can choose between 5 or more providers.
Customers are very important and valuable to businesses. So when there is a conflict that rises to a level that may result in the loss of a customer, or worse, litigation, there needs to be a way to resolve it. It is always better for both parties to manage the conflict initially, or, if that is not successful, through an alternate dispute resolution method - such as mediation. Alternate dispute resolution, or conflict management, is important for all businesses because litigation can be very expensive, even devastating, to both the business' reputation and its bottom line.
Steve McKee, author of When Growth Stalls: How it Happens, Why You're Stuck and What to do About It, stated that “every business lives or dies by its brand.” Few owners invest the time or money they should into their brand. "Brand neglect" can occur imperceptibly, through weak or non-existent branding strategies, poor articulation or visuals, or inconsistent brand messages. Many business owners do not notice it happening because brand neglect often happens slowly. A business’ brand is its ultimate asset and should not be mismanaged. Brands can increase in value if they are well-managed. For example, the market value of Coca-Cola’s brand is more than $70 billion. Disney’s brand is worth $28 billion and McDonald’s brand is worth more than $33 billion. While your brand may not be worth that amount, it is an asset worth protecting and enhancing.
Home Depot has recognized that it needs to appeal more to women, who make up half of its customers. Due to the current situation of the housing market, big items and major renovation supplies are not selling like they once were. As a result, management has modified its store presentation and product line to entice their underperforming market segment - women purchases. Specifically, Home Depot is promoting small projects this spring, in an effort to get female customers excited about a home makeover. In addition, Home Depot is offering Martha Stewart Living products that bear a certain icon so a buyer can match pieces for different rooms, such as a living room or bathroom. This helps to create matching rooms without searching for coordinating pieces.
LinkedIn Corp., the leading website for professional networking, plans to raise at least $175 million through an IPO in the hopes of debuting on the stock market within the next three to four months.
Although unemployment is at 9.4 percent, the amount of job postings on job search engines are rising. This may be a good sign of more employers hiring as more employers have begun to post job openings online. These recent increased on line job-posting numbers are very encouraging. As always, any responses to online requests for information should be critically viewed to reduce the risk that the "wrong person" is securing personal information about you. Some suggestions to prevent this may be to check the email address for authenticity, or to call the potential employer to ensure the posting is still active.
Popularity does not automatically equal legality. It is common to see videos posted on YouTube including a portion of a popular song. This is called sampling, which is a copyright infringement and is illegal in most instances. Before using or distributing a copyrighted work, always obtain permission. If consent is not acquired, then you are probably infringing on someone else's copyright.
Crowdfunding, microlending, credit unions, bootstrapping and the slow money movement are five financing trends that could have an impact on companies in 2011.
Despite owning the tagline “Happiest Place on Earth,” Disney does not employ the happiest workers in the United States. Disney and other well-known companies rank lower than all four branches of the military and the National Guard according to a new survey for the “most blissful places to work.” Growth opportunity, benefits and job security were ranked higher for the military. Companies could learn from the military’s unique programs that provide opportunities to grow and improve skills, creating a happier work environment.
Twitter and Facebook have both become popularized by millions of internet users. But what began as a social phenomenon has morphed into something new as businesses are starting to harness this constant stream of information and potential customers.
The phrase “small business growth” seems to be a popular topic in the business community. In 2010, small business trends reflected that the amount of businesses sold was up 3% from 2009. Although the average sales price fell 6.3% to 150,000 in 2010 from $160,000 the previous year, sales in the fourth quarter increased by 11% from 2009. Transactions increased, in part, due to business owners being more realistic about their businesses value, allowing more negotiations and deals to take place.
Exhaustion in the office may not be due to long hours or too many assigned task; it may be due to the actions of your co-workers. Here are some draining behaviors with suggestions on how to change for the better. "Energy Vampires" are the individuals in the office who are rarely happy or supportive and constantly nay-say suggestions. A better way - respond constructively when another offers a suggestion, even if the idea is not a good one, still hear it out. The complain train can also be very draining and very contagious in the office. One person’s complaint resonates in another, who adds complaints, triggering another to throw in more grievances. The whole office will soon be complaining and any work will be accompanied with a bad attitude.
Last month, federal authorities shut down five websites on possible copyright infringement with no warning and no details of the investigation. The operators of some of the sites have said in interviews that they were innocent of copyright infringement. The investigation stated that the sites were used to “commit or facilitate criminal copyright infringement.” The music and movies on the sites were said to have not been released with the authorization required. However, an operator of one of the sites stated that the songs were for promotional purposes and that someone from the record label provided the songs to the site.
If you are looking into a second career or just starting out, buying into a Franchise can provide a "jumpstart" to your business life - the key is to look critically and carefully at the Franchise offerings and their willingness and ability to support and protect your local operation.
It is easy to underestimate how much money is needed for a new corporation’s startup and failure to determine the correct level of funding can be the biggest barrier to a successful company launch.
A key tip for business success is empowering your employees. Managers often forget that the key to great leadership is getting subordinates to excel. Too many managers focus on achieving goals and end up doing the work themselves. Other managers have the subordinates do the work but fail to give credit to subordinates, and as an end result, demotivate the employees. Great leadership is about training subordinates and delegating authority. Another key to business success - stay focused. Many businessmen are dreamers, seeing opportunities and wanting to grab them all instead of focusing on first building up the company. After establishing the company, then think about other opportunities and expansion.




Businesses today are under increasing pressure to demonstrate profitability, which many do by reducing headcount. If you feel you have been a victim of wrongful termination, you may have legal recourse in Florida.



As one of the largest markets in the U.S. for commercial real estate loans, Florida is at risk of significant financial losses if commercial foreclosure forecasts prove correct, says one 
Jacksonville business attorneys have taken note of a verdict awarding a South Florida heart surgeon $6.5 million for breach of contract and slander that has been upheld by Florida's Fourth District Court of Appeals.








Armor Holdings started out making bullet proof vests in Yulee, Florida and grew within fifteen years to a large multinational company with sales of $2.4 billion. It was twice named by Forbes Magazine as one of the nation's fastest growing companies, and was sold in 2007 for $4.5 billion.