Consulting Fellows in Atlanta

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Two weekends ago, Consulting Fellows took a trip down to Atlanta to network with three companies: FD advisors, NClear and Grant Thorton. FD Advisors talked about how they are a company that really fosters a healthy company culture and values their employees as much as they value their clients. Next, they visited NClear. NClear is a true start-up that created nano-crystal technology to attach phosphorous in water and effectively remove phosphorous in an Eco-friendly way.  This company can market to local governments, meat processing plants and waste water treatment facilities. Their technology is revolutionary due to how it works. Mike Miles, CEO, explained that the crystals attach to the phosphorous, and can then be unattached to re-harvest the phosphorous.  Last but not least was Grant Thorton. The Consulting Fellows got to sit with Randy Shrum and a few associates just a few years older than them. All of the associates who came to talk work in the auditing department for non-profits. They were able to discuss with them specifically how Grant Thorton has a very in depth and unique non-profit program to reaally help companies with a good cause that they are passionate about. They also were able to discuss life after college with the associates and the perks of working with a company like Grant Thorton with a fun and friendly culture.
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Business of Media

Screen Shot 2017-04-18 at 4.07.16 PMIf you are an entrepreneur in the making and sticking around Athens for the summer we have the perfect class for you. This summer, we are offering MDIA 2011. This class will teach you all about the business side of the creative industry while prepping you for the realities of working within the media industry.

REGISTER TODAY OR CONTACT: kc505312@ohio.edu

Enactus USA Regional Competition

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This year, Enactus Ohio University made progress on the Athena Mothers Initiative, a project which aims to empower single mothers in the Athens area by equipping them with professional skills and connecting them with resources to advance their career paths. With the long-term goal of creating a co-housing space for single mothers in view, this year we focused on forming partnerships and making short-term impact as proof-of-concept. We are currently working on two sub-projects: a six-week career coaching group for single mothers, and providing a central location for information on services for single mothers in the Athens area. In partnership with Jen Murphy and the College of Business Office of Career Management, our six-week career coaching group will allow single mothers to gain skills in resume and cover letter writing, interview skills, and coaching through the transition into a dependable career. In response to the lack of awareness of all the resources available to single mothers, we also compiled a resource list and posted it throughout Athens and online.

 

On March 31st, we travelled to the Enactus USA regional competition in Washington D.C. to present our progress. A panel of 16 judges offered thoughtful and insightful comments on how the project could be improved, which we will keep in mind as we continue work this summer and fall. As a young team, we found it helpful to observe the presentations of other universities and learn from their successes and failures. After attending the competition, we are excited and energized to continue this momentum through the summer and fall semesters!

 

Idea Pitch Competition

The Center for Entrepreneurship Presents:

Idea Pitch Competition

The Idea Pitch Competition is meant for students to come and pitch their entrepreneurial ideas to a panel of judges, which then they will receive feedback and cash prizes, depending on how well their pitch was given. This year the pitch competition will be separated into two categories. The categories are:

* 3-minute fast pitch which is intended for brand new, untested ideas

* 8-minute full pitch for more developed scientific and entrepreneurial concepts

If you have questions about the pitch competition regulations or about the event itself, please visit the website at: https://expopitch.com/ This year’s Idea Pitch Competition will take place at the Student Expo on April 6th, 2017. We look forward to seeing you there!

Technology and Society

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New certificate program open to all OHIO students. Focus on social forces that shape technology, critical questions which society must discuss and the importance of technical literacy to all. For more information and assistance with advising, email techsociety@ohio.edu or enroll at Wilson Hall, College of Arts and Sciences. Minimum number of hours for the certificate is 15. Most classes will double-count toward a major.

Required (choose one)

  • HIST2905 Technology in World History – 3 credit hours, no prerequisites
  • CAS2600 Tech Matters – 3 credit hours, no prerequisites

Humanities, Social Sciences and Management (choose two)

  • ENG3490 History of Books and Printing – 3 credit hours, prerequisites ENG2010 or ENG2020
  • ENG3860 Composing in New Media – 3 credit hours, no prerequisites
  • ECON3130 Economics of Environment – 3 credit hours, prerequisites ECON1030 and MATH1350
  • ECON3350 Economics of Energy – 3 credit hours, prerequisites ECON1030 and MATH1350
  • ECON3510 Agricultural Development – 3 credit hours, prerequisites ECON1030 and ECON1040
  • MDIA2012 Media, Communication and Social Change – 3 credit hours, no prerequisites
  • MGT3700 Introduction to Entrepreneurship – 3 credit hours, no prerequisites
  • MGT3720 Technology Commercialization – 3 credit hours, no prerequisites
  • PSY2110 Statistics for the Behavioral Sciences, 3 credit hours, MATH1200
  • PHIL3200 Symbolic Logic I – 3 credit hours, no prerequisites

Technical Literacy (choose classes to total six credit hours)

  • Technical Literacy classes are accessible to students from all backgrounds.
  • ET2800 Engineering and Technology – 3 credit hours, no prerequisites
  • ETM1100 Introduction to Manufacturing Processes, 3 credit hours, no prerequisites
  • ETM1030 Enterprise Computer Methods – 3 credit hours, no prerequisites
  • CS1400 Fundamentals of Computing – 3 credit hours, no prerequisites
  • CS2300 Introduction to Java – 4 credit hours, prerequisites MATH1200 or MATH1350 or PL2
  • CS2400 Introduction to Computer Sciences I – 4 credit hours, prerequisites MATH1200 or PL2
  • MIS2011 Introduction to Information Analysis and Design Nonmajor – 3 credit hours, no
    prerequisites
  • MIS2021 Business Information Systems Nonmajor – 3 credit hours, no prerequisites
  • VICO2561 Introduction to Basic Web Design – 3 credit hours, not VICO major
  • GEOG2680 Introduction to GIS – 3 credit hours, no prerequisites
  • EE1024 Introduction to Computer Engineering – 4 credit hours, prerequisites MATH1200 or PL2
  • ME1010 Mechanical Engineering Gateway – 3 credit hours, no prerequisites
  • ISE1100 Introduction to Computers and Industrial Engineering – 3 credit hours, no prerequisites
  • CE2000 Civil Engineering Fundamentals – 1 credit hour, no prerequisites
  • CHE1000 Introduction to Chemical Engineering – 1 credit hour, no prerequisites

For additional information or advising about course selection, email
techsociety@ohio.edu.

Is Franchising For You?

What is franchising you may ask? Well, franchising is a form of business by which the owner, or franchiser, of a product, service, or method obtains distribution through affiliated dealers, who are called franchisees. The franchiser provides a licensed privilege to the franchisee to do business through the same name as the original corporation. A major benefit of buying into a franchise is the fact that you are purchasing a system that has already been proven successful, which means less mistakes will be made in the long run. Not only is the franchise successful, it will also already have allotted a reputation, which means that there will already be a demand for the franchisers product. A final benefit of franchising is the benefit or strength in numbers. The franchisee will gain from the economics of scale in buying materials, supplies and services, as well as in negotiating for locations and lease terms, whereas independent entrepreneurs have to negotiate everything on their own, which could be more of a hassle for those just starting out.

The event started off with a brief introduction by Paul Mass, Associate Director for the Center for Entrepreneurship, where he talked about the Center for Entrepreneurship and their mission to build an entrepreneurial ecosystem here at Ohio University as well as help students learn what it takes to be a successful entrepreneur. Mass then introduced Dan Dahlen, Director of the Consumer Research Center, as the MC for the event. Before introducing the panelists, Dahlen talked about his background in franchising and how he had been introduced to this field of business.

Starting off the panelists was John Glazer, Director of TechGROWTH Ohio, who had previously owned Little Professor Book Center. Glazer explained that over his career in franchising he had two successes while running a franchise, a few failures, and also a few successes in helping other startups and non-profit organizations. He then wanted to stress how large the field of franchising actually is by providing the audience with a few facts.

“There are over 3000 franchisers in the United States as well as 868,000 franchise establishments. Franchising actually makes up a total of 9% of our economies GDP”, said Glazer.

Next up to speak was Danny Bates from Stanley Steemer. Bates started off by talking about his past experiences as a franchisee in a family run business. He then began to talk about the success of their franchise, as well as what makes Stanley Steemer different that other franchises.

“The reason we have been able to be so successful is because we invest in people, mostly college graduates”, said Bates. “At the end of the day, people are what make your business work.”

Our third panelist to introduce themselves was Beau Goodrich, current franchisee of the Donatos establishment in Athens, Ohio. Goodrich explained that he grew up in the industry of franchising, as his father was a franchisee of Wendy’s. Being younger than the rest of the panelist, Goodrich was able to relate to students on the hardships of just starting out as a franchisee. He explained that he learned a lot of things the hard way when it came to being a franchisee.

The fourth and final panelist to be introduced was Chad Bortle, Vice President of Operations for SJB Management Inc. Bortle started off by talking about the different hotel chains that SJB Hotels managed, which included; Marriott and Hampton Hotel Companies. He also explained that he had experience in being both a franchisee and a franchiser.

After the introductions, Dahlen proceeded to start off the Q&A part of the event by asking the audience for a few questions that the panelists could possibly answer. The first question asked focused around how the panelists received the capital to start a franchise.

“Our business plan involved taking money we had earned from previous establishments and then using that to fund our future projects. Sometimes our establishments were funded through a partnership between the franchiser and the franchisee, but it was still very difficult to actually get started with a franchise”, said Bortle.

“The problem with starting out is that you are young and have no track record for investors to see. The best way I found to raise small amounts of capital is to lay out a well-made business plan for the investors. This way they will see exactly what you plan to accomplish and can decide if it’s worth it or not to invest in you”, said Bates.

One member of the audience asked the panelists what their greatest challenge as a franchisee was.

“No one takes you seriously when you are young”, said Goodrich. “They will be polite to you but most of the time they won’t actually invest in you unless you have experience.”

John Glazer said, “You’re going to face a lot of different challenges when you start out as a franchisee. Some of them might be from the industry you are in, or some might come from a lack of capital. Therefore, it’s important to stay focused and carefully manage your business so that you can be prepared when challenges arise.”

Overall, the event was a huge success. Students were able to come and ask questions from professionals in the field of franchising, allowing them to take away valuable knowledge that may help them in their futures. Be sure to look out for anymore upcoming events hosted by the Center for Entrepreneurship, as they may be focused around something you find interesting.

Your Future in Franchising

The Center for Entrepreneurship would like to invite you to our upcoming event that focuses on the topic of franchising. What is franchising you may ask? Well franchising is a form of business by which the owner, or franchiser, of a product, service, or method obtains distribution through affiliated dealers, who are called franchisees. The franchiser provides a licensed privilege to the franchisee to do business through the same name as the original corporation. A major benefit of buying into a franchise is the fact that you are purchasing a system that has already been proven successful, which means less mistakes will be made in the long run. Not only is the franchise successful, it will also already have allotted a reputation, which means that there will already be a demand for the franchisers product. A final benefit of franchising is the benefit or strength in numbers. The franchisee will gain from the economics of scale in buying materials, supplies and services, as well as in negotiating for locations and lease terms, whereas independent entrepreneurs have to negotiate everything on their own, which could be more of a hassle for those just starting out.

Here are some of the speakers that will be presenting at the event:

* SJB Hotel Companies (Including their hotel chains)

* Stanley Steemer

* Little Professor Book Center

* Donatos

The Center for Entrepreneurship hosts various events throughout the semester as a way to connect students with an expert in their field of study. Students are encouraged to come to this event and learn from industry leaders about how to get started in the rapidly expanding market of franchising. This event will be held on Wednesday, March 15th at the Baker Center Theater from 6-8pm. We look forward to seeing you there!