Teamwork, it’s not rocket science…or is it?

(Shared by Kimberly Roush, Program Assistant, Ohio Cooperative Development Center and Business Development Network, OSU South Centers)

Posted to the Ohio State University Extension-Community Development Blog
on September 11, 2014 at 10:13am
by author Becky Nesbitt, OSU Extension CD, Assistant Professor & Extension Educator (Ohio Valley EERA)

Have you ever noticed that when we want to illustrate how easy something is, we compare it to rocket science or brain surgery? Ok, it requires years of advanced educational study and hundreds of hours of technical experience to master aerospace engineering or neurological surgery. But, truthfully, the average person will never need to become adept at either of these disciplines. Effectively working on a team and getting along with others – those are skills that are necessary for everyone. Unfortunately, embracing the abilities needed to be a good team member and build relationships with others is not always easy. In fact, it can be downright difficult – kind of like rocket science…or brain surgery.

ScreenHunter_747 May. 26 20.30In a 2004 article in the journal Psychological Science, J. Richard Hackman contends that effective team members are people who possess the emotional maturity needed for their roles with their teammates. His research shows that fostering emotional maturity is essential; however, it is a trait that tends to be developmental in nature and cannot be readily taught. Well, you’ll get no argument here. In fact, while many institutions of higher learning offer degrees in neurology or engineering, we’ve yet to see a university that offers a degree in emotional maturity.

So what are those elusive (for some folks, anyway) skills that demonstrate emotional maturity, thus enabling a person to be a good team member? Here’s a list of our top three essential teammate traits:

    Trust – Let’s face it, trust is the foundation of all relationships. Whether it’s with your spouse, your friends, your coworkers or your hair stylist, if you don’t trust the person, you’re not going to be willing to take the risk of being open, honest, and well, trusting. For a good team to work, we need to be able to count on each other. Building trust takes time – and dare we say, it also helps to have face-to-face interactions now and then. Social media and Skype are wonderful tools to keep in touch, but there’s just something about breathing the same air as someone else, and actually spending time interacting together at the very same GPS coordinate that helps to build a strong, reality-based relationship that goes beyond cute photos and 140 characters of type.

Read More…

Financing a Cooperative Business

(Submitted by Hannah Scott, Manager, Ohio Cooperative Development Center, OSU South Centers)

As with any business structure, securing start-up capital is a vital part of developing a co-op. But as businesses with multiple member-owners that prioritize member-benefit and democratic control, co-op financing includes some unique considerations.

Smart Phone PayWhen considering ways of securing start-up financing, cooperatives should consider both equity capital and debt capital. Members directly contribute equity capital in return for ownership of the cooperative and can do so in a number of ways including, 1) paying membership fees, or 2) purchasing common stock that confers ownership rights. In addition, cooperatives may be able to offer preferred stock to members and non-members that, in most cases, pay limited dividends, but do not grant voting rights.

When it comes to outside investment as a source of capital, cooperatives should understand the statutes governing co-ops in their state, as the regulations for non-member capital investment in cooperatives vary by state. In addition, co-ops should be careful to adhere to the principle of democratic member control that makes cooperatives a unique business model.

In comparison, debt capital is borrowed and must be repaid according to agreed upon terms. Cooperatives can approach traditional lenders for financing, making sure to address the issue of multiple owners with the lender when discussing guarantees. Cooperatives can also seek financing from institutions that are cooperatives or mutually-owned themselves or that have cooperative experience.

Various grant programs may also be available to cooperatives, but are often targeted toward the specific activities of the cooperative rather than the business structure itself.

To learn more about the financial resources available to cooperative businesses, contact the Ohio Cooperative Development Center at The Ohio State University South Centers.

Sources:
Financing a Cooperative,”Co-opLaw.Org, Sustainable Economies Law Center eResource Library

U.S. Department of Agriculture Rural Development, Understanding Cooperatives: Financing Cooperatives, Cooperative Information Report 45, Section 7, (Washington, D.C.: United States Government Printing Office,1999)

3D Printing: If Not Now, When?

(Submitted by Mick Whitt, Manufacturing Business Development Specialist, Manufacturing and Technology Small Business Development Center, OSU South Centers)

So what are you waiting for? If you need a prototype, a sample product for a potential customer to evaluate, or even replacement parts for your equipment, why haven’t you tried 3D printing?

I realize the answer to this question usually involves the cost of buying the technology and the 3D printer itself but in reality this is not an excuse anymore. There are many companies, and other resources, available to produce your potential 3D printed parts. While there is still a cost to these services, it is typically much more cost effective than the standard material and machining, or casting, process would be. This is especially beneficial when the part is only a prototype or for the viewing purposes of a customer that only wants to “see” how the product is going to look.

All you need is an electronic model to send to the printing company and you’re in business! Most 3D printers accept files in the STL format. Nearly any CAD software can produce a model in an STL file. Many of the companies producing 3D printed parts also have assistance available to produce the electronic model for you as well.

For more information and available resources for your 3D printer needs, feel free to contact me. Phone: 740-289-2071 ext. 252
Email: whitt.124@osu.edu

Here are two articles to better explain the basics of 3D printing and the potential of 3D printing in the future.

pcmag.com 3D Printing: What You Need to Know
By Tony Hoffman
http://www.pcmag.com/article2/0,2817,2394720,00.asp

ZDNet Body parts and rocket engines: The Sci-Fi case for 3D printing
By Greg Nichols for Robotics
http://www.zdnet.com/article/body-parts-and-rocket-engines-the-sci-fi-case-for-3d-printing/
“GE believes that 3D printing “is the future of manufacturing” and that by 2020 well over 100,000 end-use parts in GE engines will be produced with 3D printing.” – Greg Nichols

3-D Printing

Photo Source:
http://www.techerator.com/2013/08/3d-printers-approaching-mass-production-as-key-patents-expire/

Are you a Chamber member?

(Submitted by Melissa Carter, Business Development Specialist, Small Business Development Center, OSU South Centers)

A great way for small business to gain exposure and expand networking opportunities is to join your local Chamber of Commerce. While each county or city’s chamber offers different services, the main functions are all similar. Here are some things your chamber can offer to you:

system-825314_1920 (2)• Training events
• Marketing exposure
• Networking opportunities
• Leadership classes
• Policy and industry advocacy
• Ribbon cutting ceremonies
• Professional development
• Discounts

A chamber membership can be a great investment for your business. Contact your local chamber to take advantage of these and other great opportunities.

New Weekly Live-Streaming Radio from OSU South Centers

(Submitted by Patrick Dengel, Business Development Specialist, Small Business Development Center and Adjunct Instructor, University of Rio Grande MBA Program/OSU South Centers Collaboration, OSU South Centers)

TEAM MEMBERS FROM THE OHIO STATE UNIVERSITY ARE UNDERTAKING A WEEKLY LIVE-STREAMING RADIO and AND EVENTUAL VIDEO BROADCASTS THAT ARE AIRED ON OUR SOUTH CENTERS BROADCAST CHANNELS. WE BROADCAST LIVE AT THE OHIO STATE UNIVERSITY SOUTH CENTERS IN PIKETON, OHIO.

broadcast micOUR GOAL IS SIMPLE – TO INFORM OUR LISTENING AND VIEWING AUDIENCE OF THE DIVERSE EDUCATIONAL PROGRAMS AND MORE IMPORTANTLY THE INDIVIDUALS WHO WORK WITH THESE PROGRAMS AND HOW THEY ARE ABLE TO ASSIST YOU.

BROADCASTS INCLUDE PEOPLE FROM THE BUSINESS NETWORK TEAM, THE AGRICULTURAL RESEARCH AND EDUCATION PROGRAMS, OUR AQUACULTURE, SOIL AND WATER AND BIO-ENGINEERING, FOOD MARKETING, THE COOP PROGRAM, AND MANY OTHER PROGRAMS THAT BENEFIT OUR AREA, OHIO STATE AND ON A GLOBAL BASIS.

WE USE OUR DIFFERENT PROGRAM LEADERS, RESEARCHERS, EDUCATORS AND PERSONNEL FROM THE OSU SOUTH CENTERS AS MODERATORS TO GIVE OUR LISTENING AND VIEWING AUDIENCE A WELL-ROUNDED PERSPECTIVE OF OUR MANY DIFFERENT PROGRAMS.

YOU CAN TUNE IN OUR PODCAST RADIO CHANNEL AT: http://www.blogtalkradio.com/southcenters. DURING THE MONTH OF MAY, 2016, WE WILL BE BROADCASTING EACH FRIDAY FROM 9:30 TO 10:00 A.M. YOU CAN LISTEN AT: http://tobtr.com/s/8825699 FOR OUR MAY 13 BROADCAST. ALL BROADCASTS ARE ARCHIVED TO ALLOW LISTENING AT ANYTIME IF YOU MISS OUR LIVE BROADCAST.

THROUGH OUR COLLABORATION WITH THE UNIVERSTIY OF RIO GRANDE, WE ALSO BROADCAST EDUCATIONAL PROGRAMS AND PLACE THEM ON OUR YOUTUBE AND INTERNET RADIO CHANNELS. TO GET A SEE A FULL LIST OF PROGRAMS AND SERVICES PROVIDED GO TO: http://southcenters.osu.edu/small-business/business-talk.

Interested in 5S?

(Submitted by Mick Whitt, Manufacturing Business Development Specialist, Manufacturing and Technology Small Business Development Center, OSU South Centers)

Would you like to try applying 5S/Lean principles in your company or work area but are unsure of how to go about it or what it is all about?

We offer step-by-step training on the foundations of 5S and will guide you and your company through the process from beginning to end. This training will be at NO COST to you or your company.

5S is commonly used in manufacturing facilities but is now being widely used in offices, hospitals, schools, and many other various settings. The benefits of organization, efficiency, and waste reduction are needed across all industries and work environments.

Email Mick Whitt at whitt.124@osu.edu for more information and to schedule a meeting today!

If you would like to read more about 5S, its benefits, and to help determine if this is something you would like to pursue, please visit Benefits of 5S: Is Lean 5S just Housekeeping?

Blog pics

Photos from: http://www.invistics.com/calibration-labs/

Facebook Contests – Should Our Business Participate?

(Submitted by Melissa Carter, Business Development Specialist, Small Business Development Center, OSU South Centers)

ContestEverybody likes to win something, whether it’s a new product or a gift certificate. Using Facebook to hold a contest is a great way to increase your views, reach and potential sales. In Facebook’s fine print, there are a few stipulations to having promotions.

• To collect entries, you can ask people to:
• Like or comment on a post on your Page (ex: “Like this post to enter”)
• Publish to your Page
• Send your Page a message
• Personal profiles can’t be used to collect entries. For example, asking people to share a post on their profiles to enter your promotion isn’t permitted (ex: “share on your Timeline to enter” or “share on your friend’s Timeline to get additional entries”, and “tag your friends in this post to enter” are not permitted)
• Acknowledgement that the promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook.

Here are some tips and tricks on holding a promotion/contest:

1. Set a timeframe – Create a sense of urgency
2. Make your rules clear and easy to follow
3. Have a relevant prize
4. Choose a custom hashtag
5. Promote on a regular basis – boost (use a paid ad) if possible
6. Notify the winner privately and publically – Livestream the winner
7. Thank all of the individuals who participated
8. Contest Ideas – Caption this; scavenger hunt; fill in the blank; name the XXX; selfie with products.

Contest Winner

5-24-2016 Facebook and Twitter Success Training

(Submitted by Kimberly Roush, Program Assistant, Ohio Cooperative Development Center and Business Development Network, OSU South Centers)

Join area businesses on May 24 from 1 to 4 p.m. at
OSU South Centers, Endeavor Center,
Room 159 Computer Lab,
1862 Shyville Road, Piketon, OH 45661

To learn about Facebook Live, how to create contests, how to increase your audience, Facebook ads, and more. Also learn about using Twitter to drive traffic to your website, to get more engagement, and more.

This is a free session! To register, go to http://sopoc.ecenterdirect.com or call 740-377-4550.

Space is limited, register early!

5-24-2016 Facebook and Twitter Success