YFS Magazine’s Headliner’s roundup delivers the best news bytes — reporting on the people, places and small business news that make the entrepreneurship ecosystem thrive. We’ll cut through the clutter and keep you connected with news-worthy people and highlights. If you’ve got news to share, get in touch.
AICPA Introduces New Financial Reporting Framework to Help Main Street Businesses
The American Institute of CPAs (AICPA) today introduced the Financial Reporting Framework for Small-and Medium-Sized Entities to help the small business community with its financial reporting needs. The FRF for SMEsTM accounting framework is a new accounting option for preparing streamlined, relevant financial statements for privately held owner-managed businesses that are not required to use US Generally Accepted Accounting Principles (GAAP).
SMB Product & Service News
Seamless Local Market Translation for Online Business
One Hour Translation services recently introduced a new Web site translation solution that aims to cuts costs and minimize the labor of localizing a website, enabling online businesses to penetrate international markets. The WeST solution aims to revolutionize the translation industry by changing the way websites are localized, making it faster, easier and cheaper to localize a site and keep it updated.
Affordable HD Video Conferencing, Anyone?
Zoom Video Communications, a cloud-based video conferencing service, recently announced the release of Zoom Version 2.0 — a flexible cloud service that unifies HD video conferencing, mobility and web meetings for up to 25 people, devices or rooms and offers the best cloud video conferencing experience. Zoom claims that due to the affordability of their platform, businesses can potentially save thousands per year on web conferencing.
Streamline Sales Proposals with TinderBox and Salesforce
TinderBox, a web-based solution for streamlining proposals, contracts and presentation processes, recently announced its enhanced integration with Salesforce.com. The integration will allow users to create more dynamic marketing and sales collateral, increase collaboration via Chatter and includes the opportunity to pass custom fields from Salesforce easily into documents. Learn more here.
Australian Startup RecruitLoop to Fix Broken U.S. Industry
Australian recruitment startup, RecruitLoop, aims to change the way businesses source talent and save SMBs an estimated 80% in recruitment costs. With newly launched U.S. offices, wedged between the Twitter and Yammer offices, they’re looking to fix a broken recruitment industry that is plagued by a lack of trust, stacks of unsatisfied customers and obscene costs.
VCs Bet on the Jockey, Not the Horse
VC’s and angels know that a good idea is nothing without the right people steering the ship. They invest in people as much as they do a product or service. After a successful $43 million fundraising round, MaryAnn Bekkedahl, Co-founder & President of New York-based startup theSwizzle, shares some of the valuable lessons that helped her team get the edge: “VCs bet on the jockey, not the horse. The ‘jockey,’ of course, is the founder and leadership team. The ‘horse’ is the idea they’re building towards. History shows that original ideas change time and again (pivot) at start-ups; it’s most important to know that the leader(s) can manage that change well and build value for the investors. It’s just as important to showcase the leadership team’s strengths and experiences in investor presentations as it is to detail the product vision and its eventual grand success.”
Mother of Six Successfully Takes Undercover Mama to Market
Frustrated with the lack of modest yet fashionable clothing for nursing moms, entrepreneur Elisa Op’t Hof created her own solution in 2008, just as the economy began to fall. With less than $1000, she created and brought the Undercover Mama to market – a strapless tank top that connects to any bra allowing any shirt to become a modest nursing shirt. Now sold in retail stores throughout the US, Canada, and Europe, Undercover Mama has enjoyed steady annual growth and continues to expand.
Light up LEGOS Startup, Laser Pegs Hit $2 Million in Sales
After 12 years of long nights of trial and error, Jon Capriola finally was able to see his product, Laser Pegs, on the shelves. Capriola got the idea for Laser Pegs while he was working as a B2B software salesperson for corporate security theft in San Francisco. One time at a Microsoft tech education event, he saw necklaces that were glowing around everyone’s neck. He though how cool it would be if LEGOS were able to light up. Everything took off from there. In the first year of Laser Pegs, the total sales were around 2 million dollars. Three years later, the growth skyrocketed 10,000%.
In Other SMB News
Silicon Beach LA’s Spring Hiring Blitz to Host Applicants and Hot Tech Companies
Silicon Beach LA, an online resource and events company helping people find their way in Silicon Beach will host The Blitz event on Saturday, June 15, 2013 from 10:00 AM to 4:00 PM (PDT) in Los Angeles. The event will feature a job fair, a panel of some of the most successful LA entrepreneurs including Brock Pierce (Playsino), Sam Kim (PaeDae), and others discussing what they look for when they’re hiring, a guest keynote and appearances by leading tech companies and startups including: PaeDae, Leads360, goFlow Surf, Kluge Interactive, HereOnBiz, Cornerstone OnDemand, Plug.dj, Picture Healing, Nasty Gal, At The Pool and many more. Register to attend, here.
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