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Capital One

Small Biz Dev Hackathon 2015

July 30, 2015 by Zack Duncan Leave a Comment

Small Biz Dev Hackathon Can Help Grow Your SMBAt the Small Biz Dev Hackathon, attendees will be using their technical and design skills to come up with new ways to help small business grow to new heights. Business owners and business experts will be together discussing different obstacles and barriers that are universal throughout the industry, and developers will get a chance to show off their skills and problem-solving abilities to come up with solutions. Winners of the Hackathon will not only change the business world forever but will receive seed money and be entered into AngelHack’s HACKcelerator program.

There are many different problems that small business owners may face, and it is the attendees job to solve at least one of these problems that will be presented at the event. Problems could include anything from financing, finding new customers, managing cash flow, or anything like that.

The solution should be simple and broad enough that any business big or small should be able to take advantage of it. There will be guidance from small business owners and small business experts the whole time to ensure attendees get on the right track and stay on it in order to achieve the best possible results.

The judging criteria will be based on a range of different things. Simplicity is number one. There are 5 point’s to be had in this category. To get the full 5 points, judges will determine if the application is simple to use and if the team can explain it in three sentences or less.

Creativity is next, also worth 5 points. Judges will decide how creative the team was in developing the idea, and how challenging the solution was to come up with.

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Impact and design will also be worth 5 points each. How will the teams solution impact the industry? Is it valuable? Is the design and interface attractive looking?

First place winning teams will win up to $3500 in money and be entered into the AngelHack HACKcelerator program. This is nothing to sneeze at! If you are interested in this sort of thing and think you have what it takes, this is not only a great opportunity, but it will also probably be a fantastic time. You’ll have a chance to be surrounded by like-minded people and probably learn a million things that will stick with you for the rest of your life. The information you could obtain will last forever.

The Pre-Capital One Hackathon session is a virtual session hosted via WebEx on July 29, 2015 from 6:30 pm PST to 8:30 pm PDT at Dignita (for San Francisco event) and on Aug 5th, 2015 from 6:30 pm EST to 8:30 pm EST at 1776 (for Washington, DC event). You can register for the event here.

Posted in: SMB, SMB Advice Tagged: 1776, Capital One, Dignita, San Francisco, Small Biz Dev Hackathon, small business events, small business growth, Washington D.C.

More Small Businesses Planning on Hiring Over the Next Six Months

May 24, 2012 by Zack Duncan Leave a Comment

help wantedAn increasing amount of small businesses are reporting increased liquidity while also saying that they plan to invest in growth. This includes hiring more people, according to a Capital One Small Business Survey, which is something that this economy desperately needs at the moment.

According to Capital One’s Small Business Barometer for the first quarter of 2012, small businesses are showing signs of recovery after the excruciatingly difficult 2011 year. In addition to that, Capital One’s survey examined general economic indicators as well as small businesses’ perceptions of the economic environment.

The good news that follows this is that more small businesses have reported that their financial performance is better than the year-ago period than those that have reported that it stayed the same. This is the first time this has happened in three quarters. Four out of five businesses that Capital One surveyed stated that their company’s financial performances met expectations for the quarter.

What is even better news is that nearly 15% of the small businesses across the country have stated that they have job openings, though they also state that they are unable to fill them. Capital One’s survey found that companies that operate in government, utilities and mining sectors are the most likely to have jobs that they are unable to fill.

The survey did show that more small businesses are making plans to hire new employees this quarter compared to last quarter. Nearly 34% of small businesses are planning on hiring more employees over the next six months, which is a 7% increase over the 27% recorded last quarter and 30% the same time the year before.

According to Capital One’s Jon Witter, “The latest survey results show some positive signs that more small businesses are beginning to focus on hiring, with the increase in the number of small businesses making plans to hire compared to the previous quarter at the highest level in over two years.”

In addition to that, nearly 25% of small businesses stated that they had obtained financing in the past 12 months, increasing from 19% in the fourth quarter and 23% in the year-ago quarter. According to Capital One, “The most positive outlook is tempered, however, by businesses’ concerns about cash flow and the ability to acquire new customers.”

Source: The Wall Street Journal – More Small Businesses Had Hiring Plans In Q1 – Capital One

Posted in: SMB Tagged: Capital One, Capital One Small Business survey, small business, small business news, small businesses hiring

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