8 Reasons Your Business Credit Score Matters

(Shared by Amanda Walter, Business Intern with OSU South Centers)

By Kali Geldis, Nav

Most business owners are familiar with their personal credit scores. You’ve probably used your personal credit score to get credit cards, buy a home, or to rent an apartment. But now that you’ve started your business, you can start building a credit history that shows lenders your business is a good bet.

Business credit scores are similar to personal credit scores in many ways. Your business’s history of applying for credit, paying suppliers on time, and how you handle lines of credit or loans all factor into your business credit scores. That data is reported to business credit bureaus like Dun & Bradstreet, Experian, and Equifax. (You can check your business credit data for free every month at Nav.)

Here are some reasons why a business credit score matters – the doors it can open can be game changing for your company.

1. You can’t get some SBA loans without it.

2. You have more loan options once you establish a business credit history.

3. Other businesses use it to check up on you.

4. It helps you protect your personal credit.

5. It can save you money on financing.

6. It can help with cash-flow problems.

7. It can save you money on insurance premiums.

8. You can’t get trade credit with some big players without one.

To read the full article, follow this link.

 

Ohio EPA Resource Guide for Businesses and Communities

(Shared by Kelly O’Bryant, Business Development Specialist, Small Business Development Center, OSU South Centers)

Ohio EPA’s Division of Environmental and Financial Assistance (DEFA) provides several compliance, technical and financial assistance programs available to help Ohio communities and businesses with their environmental needs.  These services and relevant contact information are summarized in their “Resource Guide” which is available to view and download at:

http://epa.ohio.gov/Portals/29/documents/ocs/ResourceGuide.pdf

For questions about the guide, please contact Pejmaan Fallah at Pejmaan.Fallah@epa.ohio.gov or (614) 644-3666.

Ohio AgritourismReady Conference: Local Food and Local Fun

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

Want to learn how to successfully manage and market your Agritourism Operation in Ohio? Come join us on March 10 at the OSU South Centers to hear from the experts and your peers to gain knowledge you can implement as soon you return to your farm.

Learn about:

  • Food & Animals on the Farm: Liability Issues
  • Selling Food at the Farm: Pricing
  • Promotion and Profits

See the flyer for more details:

Employee Files

(Submitted by Kelly O’Bryant, Business Specialist, SBDC Export Assistance Network, OSU South Centers)

Sourced from: hr.blr.com

Information that should not be in your employee files:

  • Age (unless a minor)
  • Citizenship
  • Disabilities
  • Marital status
  • Medical history
  • National origin
  • Race
  • Religion
  • Sex
  • Sexual orientation

Information that should be in your employee files:

  • Employment application, pre-employment tests, notes on reference checks,
  • and hire date
  • Job title, job description, and employee classification (exempt or nonexempt)
  • Salary history
  • Promotions, transfers, or demotions
  • Skills inventory
  • Scheduled and completed training
  • Performance evaluations and performance goals
  • Accident and injury reports
  • Discipline reports
  • Request for reasonable accommodation of a disability

 

Job Postings

There are two job postings we wanted to share.

The first is a full time Program Assistant position at The OSU South Centers.  This position will provide a broad range of basic to complex office support services relating to document preparation, workshop preparation, reception and work flow; edits newsletters, proposals, and manuscripts.  Interested individuals should log onto: https://www.jobsatosu.com/postings/83970 and apply before January 28th.

The second is a part time contractual Business Counselor for the Cincinnati Region Minority Business Assistance Center (MBAC) – Piketon office at the Ohio State University South Centers. The focus for this position is:

  1. Meeting all state required Key Performance Metrics (KPMs)
  2. Counseling MBAC business clients throughout the various phases of growth
  3. Maintaining client records
  4. Identifying contract opportunities with (federal, state, city & corporate) organizations/agencies for small businesses
  5. Assisting business owners with the State of Ohio certification processes for: Minority Business Enterprise (MBE), Encouraging Diversity Growth and Equity (EDGE), and Veterans Friendly Business Enterprise certifications
  6. Planning outreach events
  7. Marketing of MBAC programming
  8. Designing training seminars and working with strategic partners
  9. Maintaining Piketon Facebook page

The full description for this position can be found here: 2018 Business Counselor Contractual Position PT-23oz0u0

10 Ways to Thwart Cyber Threats at Work

(Submitted by Kelly O’Bryant, Business Specialist, SBDC Export Assistance Network, OSU South Centers)

Sourced from: hr.blr.com

  1. Use strong passwords.
  2. Change passwords regularly.
  3. Do not share user names or passwords.
  4. Make regular backups of critical work.
  5. Avoid clicking on links to websites provided in e-mails.
  6. Use discretion when opening e-mail attachments.
  7. Confirm that an e-mail request for sensitive information is authentic before complying with it.
  8. Be wary of unexpected changes in established protocols for financial transactions.
  9. Ask IT before installing or connecting any personal software or hardware to the organization’s network or hardware.
  10. When traveling on business, keep laptops and other mobile devices hidden from view, and do not leave them unattended in unsecured areas.

7-20-2017 OSU South Centers Live Stream – MEP Talk

(Submitted by Kimberly Roush, Program Assistant, Business Development Network, OSU South Centers)

Originally posted to YouTube
on July 20, 2017 at
OSU South Centers Live Stream – MEP Talk

Mick Whitt, Business Specialist with the Small Business Development Center interviews Susan Foltz, Director of Manufacturing Assistance Programs with the Office of Small Business and Entrepreneurship, and Nicholas Dengel, Used Cars Manager with Glockner Superstore in Portsmouth.

Google is more than just a search engine – Part 2 of 3

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

So last week, I shared about Google My Business, which is a great way to add your business in the search rankings. If your business already has a website, another way to increase your search rankings (SEO) is to utilize Google’s Webmaster Tools. https://www.google.com/webmasters/ This program allows you to verify your website with Google. Once your website is verified, Google will run tests on your page to determine if you have site errors, broken URLs, keywords, and much more.

Too confusing? No worries! Google takes care of that too. https://www.google.com/webmasters/learn/ has a couple “courses” that further explain how to utilize this program and boost your website. They also have a SEO starter guide which is very helpful for those trying to jump up in the search rankings.
https://static.googleusercontent.com/media/www.google.com/en//webmasters/docs/search-engine-optimization-starter-guide.pdf

Now, if your business doesn’t have a website, please consider having at least a basic presence online. Contact me (carter.1094@osu.edu) if you want assistance with developing a website. It is a lot easier than it once was.

Coming Soon–Applications for the Ohio Export Internship Program

(Submitted by Kelly O’Bryant, Director, International Trade Assistance Center, OSU South Centers)

As you plan ahead for 2016, consider applying for the Ohio Export Internship Program (EIP). This internship program matches companies with interns that have completed an intensive 15 week export program at The Ohio State University. The EIP students will be available for placement for the summer of 2016. In addition to a highly-trained intern, you can receive 50% reimbursement of their salaries. For additional information, visit the website. Company applications open January 1, 2016.

continents-702008_1920 (2)