Miami Herald Business Plan Challenge opens for entries

Entrepreneurs, please don’t let the name of our contest scare you.

As we launch our 15th annual Miami Herald Business Plan Challenge today, we are putting out our annual call for entries. But we aren’t looking for long, laboriously detailed business plans. Quite the contrary.

More and more, today’s investors in very early stage companies want to see a succinct presentation of your concept and how you plan to turn it into a success. We do, too.

If you have a business idea or an operating startup that is less than two years old, you can enter the Challenge, our annual celebration of South Florida entrepreneurship. Sponsored by the Pino Global Entrepreneurship Center at Florida International University, our contest has three tracks — a Community Track, open to all South Floridians; an FIU Track, open to students and alumni of that university; and a High School Track, co-sponsored by the Network for Teaching Entrepreneurship.

Your entry may be up to three pages and you may attach one additional page for a photo, rendering, diagram or spreadsheet if you wish. Think of it as a meaty executive summary. Experts in all aspects of entrepreneurship — serial entrepreneurs, executives, investors, advisors and finance specialists (see judge bios on MiamiHerald.com/challenge) — will judge your short plan. In doing so, they will be looking at your product or service’s value to the customer, market opportunity, business model, management team and your marketing and financial strategies. See the rules on page 22, which also include tips on preparing your entry.

Your entry is due by 11:59 p.m. March 11. Entries should be sent to challenge@miamiherald.com, fiuchallenge@miamiherald.com or highschoolchallenge@miamiherald.com.

Don’t worry, we’re here to help!

“Frame your business from your customer’s perspective and not yours. Rather than diving into a detailed explanation of your product or service, a more compelling way to tell your business story is to clearly share the problem that you are solving for your customers and how your business is different, better, faster, cooler, cheaper, smarter,” says Melissa Krinzman, managing director of Venture Architects and a veteran Challenge judge.

On Feb 26 at 6:30 p.m. at Miami Dade College, we’ll host a free Business Plan Bootcamp, where you can bring your working plan with you for advice from experts, including Krinzman. Find the sign-up link on MiamiHerald.com/challenge.

And each week in Business Monday and on MiamiHerald.com/challenge, we’ll be bringing you advice and answering your questions. You can post your questions on the Q&A on MiamiHerald.com/challenge or email your questions to me at ndahlberg@miamiherald.com. Follow @ndahlberg on Twitter.

The top six finalists in the Community and FIU Tracks will present their 90-second elevator pitches for our popular video contest. Last year our People’s Pick contest drew more than 18,000 votes.

On May 6, in a special section of Business Monday, we will profile the winners — the judges’ top three selections in each track plus the People’s Pick winners. Along the way, we will unveil semifinalists and finalists to keep the suspense building.

Today, though, we are looking back on the entrepreneurial journeys of our 2012 winners. Funding was a nearly universal challenge, and many faced setbacks in developing their platforms. Throughout the entry period, we’ll also look back on other winners from the past 14 years.

Show us what you’ve got. Let’s make this the best Challenge yet.

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Woman’s Club member earns another well-deserved honor

Warm congratulations to my friend and Miami Woman’s Club sister Dolly MacIntyre, who will be honored as the club’s Historian of the Year for 2013 on Tuesday at the monthly luncheon meeting.

Dolly has been a resident of Miami for 56 years. She began her involvement with local history and historic preservation in 1966. She is a kind and unassuming woman who goes about doing good works without blowing her own horn and she is a highly acclaimed activist for historic preservation and the recipient of numerous awards for dedicated service.

In 2012, she received the Mary Call Darby Collins Award from the state of Florida for her preservation work. Early on, she became a charter member of the Villagers and founding president of the Dade Heritage Trust, and today she remains active in both organizations.

Dolly is a lonttime member and past officer of the MWC, the Woman’s Club of Coconut Grove, the Dade County Federation of Women’s Clubs and the Women’s History Coalition. In addition, she is a board and committee member of many community organizations.

The luncheon will begin at 11:30 a.m. with networking, with lunch and the program to follow at noon in the Ballroom of the Doubletree Grand Hotel, 1717 N. Bayshore Dr.

You can still make reservations and pre-order for vegetarian option by calling Nancy Smith at 305-891-3789. The cost is $25 for members and $35 for non members.

Retired FIU professor honored for book

There’s a lot to be happy about today. Howard B. Rock, Florida International University professor of history emeritus, recently was awarded the Everett Family Foundation Jewish Book of the Year at the 2012 National Jewish Book Awards. The award was announced Jan. 15 by the Jewish Book Council and was for the three-volume series City of Promises: A History of the Jews of New York of which Rock wrote the first volume, Haven of Liberty: New York Jews in the New world, 1654-1865.

Rock shared the top Jewish book award with Annie Polland and Daniel Soyer, who authored the second volume, "Emerging Metropolis: New York Jews in the Age of Immigration, 1840-1920", Jeffrey S. Gurock, who wrote the third volume, "Jews in Gotham: New York Jews in a Changing City, 1920-2010", and noted Jewish historian Deborah Dash Moore, who was the general editor of the project.

Rock, a Miami resident and member of Temple Israel of Greater Miami, also co-authored a history of New York Jewry. He taught American history for 36 years at FIU. His speciality is early American history to 1815, early American social history, the history of New York City, early American labor history and early American political history. In addition, he has published an/or edited five books, including Artisans of the New Republic, The New York Artisan, Keepers of the Revolution, The American Artisans, and A History of New York Images.

Guest composer at FIU

The Florida International School of Music will present a program, “East Meets West,” with guest composer Chinary Ung and the FIU Symphony Orchestra at 7:30 p.m. Friday at the Wertheim Performing Arts Center, 10910 SW 17th St.

Also featured on the program is the Amernet String Quartet and the NOBUS ensemble and the music of Ung, Garcia, Sudol, Jen and Colangelo.

The concert is free and open to the public.

MDC leader to speak in Homestead

You are invited to hear Jeanne Jacobs, president of the Miami Dade College Homestead campus at noon on Feb. 4, at the Homestead Community Center, 1601 N. Krome Ave. Jacobs is the Black History Month speaker at the Bea Peskoe Lunchtime Lecture series, presented free by the Homestead Center for the Arts.

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Exxon passes Apple as most valuable company

NEW YORK (AP) — Exxon has once again surpassed Apple as the world’s most valuable company after the iPhone and iPad maker saw its stock price falter.

Apple Inc.’s stock has been on the decline since the company’s quarterly earnings report Wednesday suggested that its fast growth phase, rare for a company of its size, may be coming to an end.

Apple‘s stock fell 2.4 percent to close Friday at $ 439.88 for a market capitalization of $ 413 billion. That followed a 12 percent drop on Thursday, the biggest one-day percentage drop for the company since 2008.

Exxon Mobil Corp. gained 38 cents Friday to $ 91.73 for a market capitalization of $ 418 billion.

Apple first surpassed Exxon in the summer of 2011, displacing the oil company from a perch it had held since 2005. The two companies traded places through that fall, until Apple surpassed Exxon for good in early 2012 — at least until Friday.

China’s largest oil company, PetroChina, could lay claim to having hit a market capitalization even higher than either Exxon‘s or Apple‘s, but only based on prices on the Shanghai stock exchange, which is isolated from the rest of the financial world because of Chinese laws on foreign investment. PetroChina’s shares also trade in Hong Kong and on the New York Stock Exchange. Based on prices there, its market capitalization never went as high as $ 500 billion.

Apple and Exxon are among only a half dozen U.S. companies to have ever reached $ 500 billion in market value. Apple and Microsoft Corp. are the only ones to have ever hit $ 600 billion.

Apple‘s stock price peaked in September at $ 705.07 on the day the iPhone 5 was released. Exxon, in the meantime, has been trading steady. Its business — oil — seems less prone to stock market ups and downs than the Cupertino, Calif.-based tech darling.

Exxon, which is based in Irving, Texas, set a record in 2008 for the highest quarterly earnings by any company. In the first nine months of 2012, Exxon earned nearly $ 35 billion, or 10 percent more than the same period in 2011, on revenue of $ 367 billion. Results for the fourth quarter are due Feb. 1.

Exxon, the biggest investor-owned energy company in the world, predicted in December that oil will continue to be the most important source of energy. That’s because cars, trucks, airplanes, trains and ships will still depend heavily on oil-derived fuels such as gasoline and diesel.

This year, investors seem unforgiving with Apple, looking for perfection and punishing the stock for anything less. The company’s stock price slipped below $ 500 for the first time last week, as investors saw signs that the iPhone 5 was falling behind competition from phones running Google’s Android software, especially those from Samsung Electronics Co.

The latest quarterly report added to the concerns. Apple warned that its revenue growth, which had been running at a speed more reminiscent of promising startups than multi-national corporations, is slowing down considerably.

A big reason: It has been nearly three years since a new product has come from a company still seen as the embodiment of innovation. That last product, the iPad, came in 2010, when its CEO Steve Jobs was still alive. Some analysts question whether Apple can keep growing by just releasing new versions of its old products. The long-rumored Apple TV, is still just that, a rumor.

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Exclusive: JJ Abrams Confirms Bradley Cooper in Talks For Lance Armstrong Biopic

Shortly after Bradley Cooper expressed interest (publicly) in portraying disgraced cyclist Lance Armstrong in J.J. Abrams'upcoming biopic about the athlete, the producer/director confirmed to ET exclusively that he is indeed in talks with Cooper for the role.

Pics: Stars Take On Real-Life Roles

When asked about Cooper's interest in tackling the part backstage at the Producers Guild Awards in Los Angeles, Abrams told ET's Christina McLarty "[Cooper] sent me an email and we've been talking."

Said Cooper to BBC News on January 22, "I would be interested in [playing Armstrong]. I think he's fascinating. What a fascinating character."

Paramount Pictures & Bad Robot (J.J. Abram's production company) secured the rights to Cycle of Lies: The Fall of Lance Armstrong, a book proposal penned by Juliet Macur, in mid-January just after Armstrong admitted publicly to doping during all seven Tour de France wins. The author, a sports reporter from The New York Times, has covered the athlete over the span of a decade throughout Armstrong's struggle with cancer, years of doping allegations and ensuing lawsuits.

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At least 200 killed in Brazil nightclub fire

A nightclub fire in Brazil killed at least 90 people and injured 200 more, according to a newspaper report.

Estado de S. Paulo reports that the fire started during a concert at the Kiss nightclub in Santa Maria, a 250,000 population municipality located in southern Brazil.

The fire was sparked by a band's pyrotechnics show, Reuters reports.

The building's material - used for soundproofing - caught fire, sending toxic smoke through the club, police said.

Officials said club-goers panicked and ended up trampling each other.

The victims are believed to include teenagers.

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Miami Lakes company growing its brand of skin care products

For decades, Vivant Skin Care has formulated creams, serums, cleansers and tonics to treat such dermatological conditions as acne, aging and hyperpigmentation.

Family owned and linked to Dr. James E. Fulton, who co-developed the anti-aging formula Retin-A, the company built its reputation with medically tested therapies aimed at improving skin.

Now, like a complexion that has undergone the metamorphosis of time, Vivant is altering its manufacturing and sales structure and adding products, emerging from the economic downturn with a new plan for the future.

“Now we’re stabilized and looking forward to growth,” said Fulton’s daughter, Chief Executive, Kelly Fulton-Kendrick.

Founded in 1990, Vivant produces a line of 30 skin care products, all formulated in-house, and priced from $15 to $100. The products target both females and males, ages 13 and up.

“Our target market is people who have serious skin care problems and need solutions,” Fulton-Kendrick said. “Vitamin A is the best for affecting change in the skin.”

The clinical skin care products, packaged simply in white bottles and amber glass containers, have remained the company’s mainstay, as the business has transformed.

In mid-2011, Vivant decided to adjust its sales structure, to sell, for the first time, to online retailers like DermStore.com, SkinCareRX.com and amazon.com, as well as to make its products available on its own website, vivantskincare.com. It was a major change in course after more than 20 years of having its products sold only at spas and doctors’ offices.

“So now, we’re a mix of wholesale to skin care professionals and Internet retailers, and we’re selling directly to consumers through our own website,” Fulton-Kendrick said.

Mike Nelson, marketing manager at SkinCareRx.com, said Vivant, which it has sold since November, has “done very well for a new brand to our site,” surpassing some brands that have been on its site for over a year. He declined to provide figures.

SkinCareRX took on only 5 percent of the brands that approached it last year, he said, and had undertaken a rigorous review of Vivant.

“They have a good loyalty base and get great reviews,” Nelson said.

Along with changes in its sales system, in January 2012, Vivant moved from Medley to Miami Lakes, doubling its space to 11,000 square feet to accommodate manufacturing, which it brought in house to reduce costs. It had outsourced manufacturing to a lab in Costa Mesa, Calif., that it had previously owned and later sold.

Inside its warehouse space in a commercial business complex, a small staff handles manufacturing, shipping and packaging. All orders are taken by customer service and fulfilled onsite. A room used as an educational center allows vendors and aestheticians to learn about the products.

Martina Echeveria, international trade specialist at the U.S. Department of Commerce’s Miami U.S. Export Assistance Center, who is helping Vivant get a distributor in the Dominican Republic, said she recently nominated the company for a South Florida Manufacturer of the Year award. The awards are given by the South Florida Manufacturers Association.

“Their products are good and 100 percent U.S. made,” she said.

At Vivant’s offices, a lab area is used by Dr. Fulton for research and development. He also maintains a practice at Flores Dermatology in South Miami.

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Miami Commissioner Michelle Spence-Jones running for reelection

Eight years have passed since Michelle Spence-Jones was elected to the Miami City Commission.

She isn’t willing to leave just yet.

Spence-Jones — who was charged with bribery and grand theft in 2009, suspended from office, acquitted and reinstated to her post — is seeking reelection, she announced Friday. She represents District 5, which includes Overtown, Little Haiti and Liberty City.

Whether Spence-Jones could run again has been the subject of much debate. The Miami city charter limits commissioners to two terms and Spence-Jones has twice won election. But City Attorney Julie O. Bru opined that Spence-Jones could run again because her second term was interrupted by the suspension.

“Our charter prohibits a commissioner or the mayor for running for reelection after that commissioner or mayor has served two consecutive terms,” Bru reaffirmed to Spence-Jones at a City Commission meeting Thursday. “You are eligible to seek reelection because you did not serve two full consecutive terms.”

Spence-Jones’s opponent isn’t buying it.

“The bottom line is, Michelle is term limited,” said the Rev. Richard P. Dunn II, who held the commission seat in Spence-Jones’s absence. “She received financial compensation for the time she was away and she was fully vested in the pension. Are the citizens of Miami going to pay her twice?”

Dunn plans to file a legal challenge “immediately,” he said.

Spence-Jones wants the additional term, she said, “to finish what I started.”

She pointed to the improvements she’s spearheaded along Northeast Second Avenue in Little Haiti. “We cleaned the place up, repainted many of the buildings and recreated a Caribbean feel by adding steeples,” she said.

The ultimate goal, Spence-Jones said, is to make Little Haiti a destination for tourists akin to Little Havana’s Calle Ocho. She has a similar vision for Overtown, which was once the cultural hub of Miami’s black community. To that end, Spence-Jones pushed for improvements to Northwest Third Avenue and provided grant money for local businesses.

“Now we’re going to move forward with a marketing campaign and build relationships with cruise lines and tour operators,” Spence-Jones said. “But these sorts of things take time.”

Other big projects are in the works.

Earlier this year, Spence-Jones pushed through a $50 million bond issue for improvements in Overtown — the largest investment the blighted community has seen in decades. The money will go toward affordable housing and some retail projects.

But Spence-Jones takes an equal amount of pride in some of her smaller initiatives, including a project that brought Hollywood director Robert Townsend to Overtown to film an independent movie. Students from the University of Miami and several local high schools had the opportunity to serve as interns. The film will debut this summer.

She plans to focus future efforts on Liberty City. She is already laying the groundwork for a program that will train residents to become laboratory technicians. A second program will help people with criminal records pursue careers in the automotive industry.

Spence-Jones’s tenure has been somewhat of a rollercoaster. After being elected to her second term, she was charged with bribery and grand theft in two separate cases and removed from office by then-Gov. Charlie Crist. Jurors later acquitted her of bribery, and prosecutors dropped the grand-theft charges.

A vindicated Spence-Jones returned to City Hall in August with newfound political heft.

Spence-Jones is now suing Miami-Dade State Attorney Katherine Fernández Rundle and Miami Mayor Tomás Regalado, accusing them of conspiring to destroy her political career via the prosecutions. She declined to talk about the suit, saying only: “I’m going to let my lawyers fight that battle.”

She may have another legal fight ahead.

Dunn believes the city attorney’s opinion giving Spence-Jones the go-ahead to run again won’t withstand a legal challenge. He says Spence-Jones has served two consecutive terms because she was paid for two consecutive terms.

Dunn also criticized the city attorney, saying she likely felt pressured to give that opinion because Spence-Jones is her boss.

“If it stands up in a court of law, I will respect that,” said Dunn, who attended Thursday’s commission meeting and took notes on a legal pad. “But I’m not going to be whitewashed by a city attorney’s opinion that’s biased by her boss’s posturing position.”

Dunn, who also sat on the commission in the mid-‘90s after Commissioner Miller Dawkins was removed from office, pointed to his own accomplishments as a commissioner. He said he helped secure funding for Gibson Park,and quelled racial tensions after Miami police officers shot and killed seven black men in 2010 and 2011.

“Michelle Spence-Jones does not own that seat,” he said. “It’s owned by the people of District 5.”

No other candidates have announced they are running for the post.

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Report: J.J. Abrams to Direct New 'Star Wars' Movie

Disney/ Andrew H. Walker/ Getty Images

The Force is with J.J. Abrams. The prolific producer/director has agreed to direct the next installment of the Star Wars franchise, confirms Walt Disney Studios.

Pics: Must-See Movies of 2013

"I've consistently been impressed with J.J. as a filmmaker and storyteller," said George Lucas of Abrams in an official statement. "He's an ideal choice to direct the new Star Wars film and the legacy couldn't be in better hands."

In October, it was announced that Disney had acquired Star Wars creator George Lucas' company Lucasfilm Ltd. for $4.05 billion in cash and stock, in turn announcing that new Star Wars movies will be released. The first new Star Wars movie -- Star Wars: Episode 7 -- will be released in 2015 with Lucas serving as creative consultant. Kathleen Kennedy, who is the current co-chair of Lucasfilm, will become Lucasfilm's president and serve as executive producer on new Star Wars feature films.

Of course, Abrams successfully rebooted the Star Trek franchise in 2009, with his highly anticipated follow-up sequel, Star Trek Into Darkness, hitting theaters May 17.

Related: New 'Star Wars' Films in the Works

Said Abrams, "To be a part of the next chapter of the Star Wars saga, to collaborate with Kathy Kennedy and this remarkable group of people, is an absolute honor. I may be even more grateful to George Lucas now than I was as a kid."

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Mayor Bloomberg rejects calls to intervene in school-bus strike with job-security pledge

Mayor Bloomberg brokered a sit-down between striking bus drivers and their bosses — but the factions say it’s pointless unless the city joins them at the table.

Union reps and bus owners are planning to meet at Gracie Mansion Monday, but they said the city should be there, since its new contracts are the main sticking point.

“The best way for this strike to end is with Local 1181, Mayor Bloomberg and the city’s bus companies in one room, talking candidly and in good faith,” said union boss Michael Cordiello. “Until that happens, the strike goes on.”

Stefan Jeremiah

STRIKE OUT: A dwindling turnout of striking school-bus workers braves the cold yesterday in Red Hook —as Mayor Bloomberg rejected calls for the city to intervene in negotiations with job-security promises.

But the mayor — who has maintained that the issue is between private companies and their employees — will not have a rep there to help hammer out an agreement, a spokeswoman said. “The union is striking over the issue of employee protections. That is not something that the city can include in the contracts, and they and the bus companies must negotiate over that matter,” she said.

Bloomberg reiterated his stance yesterday on his weekly radio show. “It’s a private company that employs private-sector workers. They’ve got to negotiate something,” Bloomberg said.

“I’m sorry the people are out on strike. But they have a right to do it . . . I can’t take sides in this.”

The union is striking because it wants the city to reinstate a provision it stripped from a bid request for new contracts that ensures its workers keep their jobs regardless of which company gets the gig.

“We have been negotiating regularly with the unions over the last two weeks. But the dispute isn’t between us and the union. The dispute is between the union and the city over job protection,” said a spokeswoman for the companies.

The union claims it wanted to meet yesterday but the bus owners put it off until Monday.

One bus company, Pioneer Transportation Corp., sent a letter to union employees yesterday asking them to take pay cuts so it could submit lower bids for future contracts — in the event that the employee protections aren’t reinstated by the city.

Companies with unionized workers fear they’ll be undercut in the bidding by new companies whose employees aren’t paid union wages.

Striking workers in Brooklyn agreed the mayor needs to step up and get involved.

“Tell the mayor to fix it. He shouldn’t stay out of it,” said Marlyn Rose, 27, a bus matron for seven years.

The strike began on Jan. 16 and is the first one since 1979.

Only 2,689 routes were running in the city yesterday, out of about 7,700, the Department of Education said.

Additional reporting by Georgett Roberts

david.seifman@nypost.com

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Fed aims for a 6.5% jobless rate

Six and a half percent unemployment in America would mean almost 2.1 million more people working than today. At the rate the country has been creating new jobs each month, it would take more than a year to find work for that many people.

Keep 6.5 percent in mind this week when the Federal Reserve meets Tuesday and Wednesday to talk about its efforts to push interest rates down. The hope is that the cheap cash will spur on investment leading to job creation. After all, the central bank has promised to keep its target interest rate near zero as long as more than 6.5 percent of Americans in the workforce are without work. The Fed has put other conditions on maintaining its historically low interest rate such as low inflation, but official measures remain tame. So its job growth the Fed is looking for.

It won’t have to wait long for the latest update. On Friday the first jobs report of 2013 will be released. Hiring has been a slow grind but it has been positive.

Finding work in January, though, can be tricky. Winter weather, a hangover from the holidays and seasonal work ending can slow down hiring.

It will be months, maybe even a couple of years before the U.S. unemployment rate hits 6.5 percent. There is nothing magical about that number, but as long as the Federal Reserve has it in its sights, so should we.

Tom Hudson is anchor and managing editor of Nightly Business Report, produced by NBR Worldwide and distributed nationally by American Public Television. In South Florida, the show is broadcast at 7 p.m. weekdays on Channel 2. Follow him on Twitter, @HudsonNBR.

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