June 2008

Young Stars

Meet four of the coolest, youngest management teams in Utah.

Meet four of the coolest, youngest management teams in Utah.

Did you ever sell homemade lemonade as a child? Or start a lawn-mowing business in junior high? If so, then chances are you’ve experienced a moment of pure entrepreneurial bliss — the realization that you could turn ideas into capital.

Disconnect: We Heart CK Jr.

Please excuse my reminiscing for a minute while I recall a few choice Colin Kelly memories:

1. I’m holding the reflector on a photo shoot while Kevin and Jen are lighting the smoke bomb and small fireworks lodged inside a model rocket. Colin is sprawled on the sidewalk just inches away as he holds a camera and exclaims, “This shot is awesome! This is awesome!”

Point of View: Brian Beutler

Alianza, CEO & co-founder

Alianza, CEO & co-founder

It sounds so easy on paper. First, the then-25-year-old Brian Beutler won BYU’s business plan competition in April 2005. Three months later, he netted $2 million in funding for his fledgling business from the Utah Angels. Just more than one year later, he closed a $4 million round of venture financing led by vSpring Capital (with additional participation from the University Venture Fund). Some guys have all the luck.

Point of View: Bruce Law

Sprout Marketing, founder and president

Sprout Marketing, founder and president

Bruce Law left the New York advertising world, came to Utah and helped market Novell during its heyday. He soon found he had caught the startup bug when helping launch one of Novell’s spinoffs. After leaving Novell to help grow a number of Utah companies such as NextPage and Knowlix, Law saw a great need in the state for outsourced marketing teams and founded Sprout Marketing in 2002.

Redefining Project Management

People truly are a project manager’s most valuable asset. Those who understand this principle find success.

People truly are a project manager’s most valuable asset. Those who understand this principle find success.

The title “project manager” is in many instances a misnomer. People hear the title and immediately begin thinking of schedules and budgets. However, truly successful project managers understand that tools do not produce success. People produce success.

What’s in It for Me?

A beneficiary provision for life insurance and IRAs should allow for the naming of a primary and contingent beneficiary. Unfortunately, most beneficiaries will not receive benefits. Here’s why.

A beneficiary provision for life insurance and IRAs should allow for the naming of a primary and contingent beneficiary. Unfortunately, most beneficiaries will not receive benefits. Here’s why.

The primary beneficiary is the person designated to receive the death benefits if the insured dies. The contingent is the person designated to receive the death benefits if both the insured and the primary die at the same time. Beneficiaries can be a person, a business or a trust in most cases. An irrevocable beneficiary is a beneficiary who can be changed by the policyholder only with the permission of that beneficiary.

Focus On: Financial Services

Utah Industry Leaders Discuss Problems and Solutions

Utah Industry Leaders Discuss Problems and Solutions

The Focus On offers insight from local executives into some of the challenges each Utah industry faces. In this installment, Business Connect hears from individuals within the broad Financial Services industry.

Optimize Cash Flow

Mark Marshall
CEO, The Accend Group

Out Is In: The Emerging Outdoor Products Industry in Utah

By mid-2003, Ogden City Mayor Matthew Godfrey had a problem on his hands. The then 32-year-old mayor was coming to the end of his first term, an office he had won in part because of his promised focus on generating new jobs for Ogden. Unfortunately, the city’s economic development efforts targeting technology companies had not panned out.

How to Be a Sales-Driven Company

Business books and consultants say it’s imperative to have the right people in the right seats on the bus in your organization. Have you thought how that affects your company’s sales department? A successful hiring process must be applied to ensure you have people who can and will sell. While this is an important first step, it is only one of many steps in the process of becoming a sales-driven company. Consider these other crucial steps.