Selling a small business can be an extremely difficult process for entrepreneurs. The financial hoops and legal terms can be foreign at first and require time for company leaders to understand a process that can get drawn out.
Developments in D.C. technology have created new definitions of a "beltway bandit," according to Joshua Konowe, serial entrepreneur and founding member of multiple startups in the region. He warns of folks who are masquerading as experts in the field.
Pete Tseronis says he is a great example of how to learn from working with the federal government, and then jumping into the private sector.
Genesys Works gives access to the technology and IT industries by training young adults, says executive director Mahan Tavakoli.
Local startup Thresher focuses on analyzing large volumes of data, and CEO Becky Fair says the use of AI and machine learning came from the study of Chinese internet censorship.
The fields of academia, government, and entrepreneurship have similar tactics to employ to reach success, according to Julie Lenzer, Associate Vice President for Innovation and Economic Development at the University of Maryland.
Recharj is a place to go for rest and relaxation in the middle of a busy work life.
Beth Johnson, founder and CEO of RP3 Agency, a creative communications company here in the D.C. region, said she focuses on “helping organizations leverage their brand for business value, so we do everything from brand strategy to advertising, PR, web development, anything that sparks engagement.”
A bellwether for the region’s tech community is a company that helps retailers and manufacturers manage and resell excess merchandise. As a “circular economy company, heavy sustainability focus,” Optoro has a finger on the pulse of the area’s tech industry, according to Josh Szmajda, Optoro’s Chief Technology Officer.
D.C.s business ecosystem needs more entrepreneurs as early stage funders and fewer doctors and lawyers, the CEO of Public Relay says.
A year ago, Results Junkies founder Paul Singh moved into a trailer to travel across the country and he is discovering that there are investment opportunities everywhere thanks to the internet.
The greater Washington region must better brand itself as a great place to be an entrepreneur, said Imani Greene, CEO of branding firm GreeneGroup.
Some entrepreneurs don't always realize is that innovation isn't simply having a good idea, it's doing the work to make it happen.
As the number of startups in the D.C. area skyrockets, new businesses are scurrying to recruit the area's talent. Hatch IT is a startup founded as a recruiting service for other new businesses.
Ed Bersoff has been an expert in DC's tech industry for decades and continues to serve those sometimes turned away by traditional banks.