Crains New York - February 11, 2013 - (Page 13)

SMALL BUSINESS INSIDE THE LIST NY area’s largest M&A deals PAGE 16 REPORT ‘We’ve done a really good job of doing more with less’ —Colleen Galvin, Department of Small Business Services, Page 14 M.B.A.s, docs try freelance route THE SCOOP: Rovshan Danilov reopened his Brooklyn yogurt shop after receiving help from the city’s Emergency Loan Fund and Matching Grant Program. Specialized firms make it easier for highly trained pros to pick up gigs BY JANICE FIORAVANTE Goldman Sachs (through its Urban Investment Group) and the New York Bankers Association. Second: the NYC Matching Grant Program, a foundation-supported effort that has $5.5 million in funds and is administered by the New York Business Development Corp. in collaboration with Small Business Services. Early in January, after a $200,000 top-to-bottom renovation, Arbuz opened—fully restored and operational, thanks to a $25,000 emergency Peter Gulliver, 33, worked at Booz & Co., but left to join a new startup that didn’t pan out. Pondering what to do next, he remembered a classmate at Yale School of Management, where he’d earned his M.B.A. in 2009, who had wanted to start a company that would register M.B.A.s for project work. So he called Daniel Callaghan, who had gone ahead and opened a firm called MBAandCo.com in London in 2009. This past May, Mr. Callaghan kicked off a PERCENTAGE of temps with no New York interest in a outpost. Mr. permanent job Gulliver, who Source: American lives on the Staffing Association Upper West Side, worked this past spring and summer on freelance projects he discovered through MBAandCo.com’s staff and website. One of his projects included working for an online database company for three months—to develop a resource tool for oil and gas exploration—during which he traveled to Brazil. The second project, also three months long, brought him in-house at a management consultancy to work closely with a team on a new sales strategy. “It’s definitely made me think about the independent route—I love the flexibility,” said Mr. Gulliver, adding that he’s able to scale his hourly rates so they compare with what he made at Booz & Co. Meanwhile, revenue at MBAandCo.com, projected to be in excess of $2 million in 2012, should jump 60% this year, said Mr. Callaghan, who noted the firm is breaking even. Home of the Freelancers Union, New York City has long See CITY’S on Page 14 See M.B.A.s on Page 15 23% Two initiatives help biz owners recover from superstorm BY CARA S. TRAGER Rovshan Danilov knew his dessert café in Brooklyn’s Sheepshead Bay was sunk—literally—after Hurricane Sandy. Courtesy of the superstorm last October, water had seeped under his eatery’s front door, rising waist-high before receding and destroying everything in its path, including the business’s floors, walls, electricity, equipment and furnishings. He desperately surfed the Web for help. Mr. Danilov, a principal in the three-year-old Arbuz Frozen Yogurt, learned about two initiatives aimed at helping local businesses recover from the hurricane. First: the city’s Emergency Loan Fund, a $15 million program run by the Department of Small Business Services through NYC Business Solutions in partnership with the New York Business Development Corp. and funded by the New York City Economic Development Corp., CLASS ACTION Attendance at NYC Business Solutions courses 6,121 4,593 2010 2012 buck ennis buck ennis Scooping out Sandy February 11, 2013 | Crain’s New York Business | 13 http://www.MBAandCo.com http://www.MBAandCo.com

Table of Contents for the Digital Edition of Crains New York - February 11, 2013

IN THE BOROUGHS
IN THE MARKETS
THE INSIDER
BUSINESS PEOPLE
CORPORATE LADDER
OPINION
GREG DAVID
REPORT: SMALL BUSINESS
THE LIST
CLASSIFIEDS
DIGITAL NY
FOR THE RECORD
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS

Crains New York - February 11, 2013