The Beta Space Resource for Entrepreneurs Plans May 2012 Launch

Here at The Incubator at MAGbeta_space_logo_4c_200pNET we’re busy getting ready for the launch of a new regional resource called The Beta Space that has two main purposes:

  • Provide a landing space for college/graduate entrepreneurs once they outgrown their dorm room or graduate from college.
  • Provide regional access to a portfolio of financial, legal and marketing service providers who will offer pro bono consultations in their subject-matter areas.

We are targeting the beginning of May for a soft launch of the program for companies currently housed in The Incubator at MAGNET and a summer roll out to all the region’s manufacturing-oriented technology entrepreneurs and SMBs.

How to Participate

The Beta Space has multiple opportunities to participate. Here’s a quick overview of the audiences we are targeting and the value we hope to offer.

Student Entrepreneurs: Our primary audience for the bulk of the space is student entrepreneurs. Officials at the Burton D. Morgan Foundation told us that while students feel comfortable starting businesses while on campus, once they graduate they feel somewhat adrift and unconnected. They may have heard about all this great assistance available in the region, but they’re not quite sure how to get plugged in.

The Beta Space is intended as a safe landing zone for those student and graduate entrepreneurs. The space will be free and will help connect them not only with the onsite service providers, but the larger JumpStart Entrepreneurial Network. Consistent with MAGNET’s mission and the focus of The Incubator at MAGNET, The Beta Space will be targeted at student entrepreneurs whose start-up is product- or engineering-focused.

Regional Tech Entrepreneurs and SMB Businesses: The service provider portion of The Beta Space is intended to be a regional resource, aimed primarily at technology entrepreneurs and small- to medium-sized businesses. The needs of these two groups are much different than that of mature, established companies. All the service providers participating in the Beta Space service program have been vetted to insure they are comfortable working with entreprenurial clients.

Once the new Beta Space web site launches in May, technology entrepreneurs or Northeast Ohio SMBs looking for financial, legal or marketing assistance will be able to schedule a one-hour initial consultation with a Beta Space service provider on a pro bono basis. Fees for any ongoing work would be negotiated separately between the parties.

Service Providers:  Financial, legal and marketing service providers who are interested in participating in The Beta Space should be comfortable working with entrepreneurs and SMBs. We already have 15 slots filled, about half of the available weekly calendar. So if your company is interested, contact me at

Philanthropists: While our initial funding was sufficient to get the program up and running, we have many ideas on how to extend and expand the program. This could be anything from a small grant fund to help the student entrepreneurs with early expenses to underwriting a full fledged business plan competition, not to mention the ongoing expense of maintaining a space conducive to our high program goals. Mike Morgenstern, MAGNET’s Chief Development Officer, will be happy to assist companies who want to support this work with a grant.

Myself, the service providers already involved, our funders and other interested parties are all committed to make this program a success and a value-added resource in the growing regional support network for entrepreneurs.

E-mail me if you want to receive the new Beta Space newsletter that will keep you informed of the growth of this unique entrepreneurial resource.

Posted by MAGNET Ohio in Entrepreneurship

Most Recent

Top 10 Sited Safety and Health Violations

December 13, 2017 by Gwido Dlugopolsky

One remarkable thing about the list is that it rarely changes.  The order may change but the top cited standards typically don’t change. Top 10 Sited Safety and Health Violations: 501 - Fall Protection 1200 - Hazard Communication 451 - Scaffolding 134 - Respiratory Protection 147 - Lockout/Tagout 178 - Powered Industrial Trucks 1053 - Ladders 305 - Electrical, Wiring Methods 212 - Machine Guarding 303 - Electrical, General Requirements Three of the 10 sited standards are directed at the construction standard (1926) while other fall within the general industry (1910).  It should be noted however that the general industry standard also has fall protection guidelines. Year after year, inspectors see the same on-the-job hazards, any one of which could result in a fatality or severe injury. More than 4,500 workers are killed on the job every year, and approximately 3 million are injured. By understanding these regulations you can improve your safety program and prevent injuries. Give me a call if you have any compliance doubts, or want to review OHSA regulations. Gwido Dlugopolsky at 216-391-7766 or

Complete ANY Changeover in 10 Minutes or LESS

December 11, 2017 by Gwido Dlugopolsky

Why does it take a NASCAR pit crew only 15 seconds to change four car tires when it takes people like you and me minutes? The answer is simple SMED. Single Minute Exchange of Dies, or SMED, is a process for reducing the time it takes to do equipment changeovers. Using the principles of SMED you should be able to perform any changeover in your facility in under 10 minutes! The SMED process is simple – convert as many changeover steps as possible to “external”, meaning they are done while your equipment is still RUNNING, while simplifying and streamlining the remaining steps. SMED is broken down into the following 3 Steps: Separate Convert Streamline We found this article to be very helping in explaining the SMED process in more detail: LEAN PRODUCTION - SMED           A good first step to achieve this level of SMED efficiency would be to run a kaizen event at your facility to standardize (5S) your tools and supplies. Doing this alone will help you achieve 40% to 50% greater efficiency. Once the “low hanging fruit” is gone, you can still reduce setup times another 20% by practicing more advanced SMED principles.

Coffee is STILL for Closers: 3 Things Needed to Close Any Sale

December 07, 2017 by Sam Wasylyshyn

The secret to closing any sale is to reduce uncertainty in the buyer and replace it with confidence in YOU, your PRODUCT/SERVICE, and your COMPANY. Step 1 – Confidence in YOU Someone buying from you wants to be able to fundamentally connect with you on a human level and feel confident that you’re an expert in what you’re selling If you’re selling paperclips, be an expert in paperclips If you’re selling design and engineering related services, be an expert in design and engineering related services Focus on addressing the problem, not the solution….MEANING you already know you have the solution, connect with the buyer by being an expert with the problem he/she is facing. Prove that you know the problem and all aspects of the problem like the back of your hand. Step 2- Confidence in the PRODUCT/SERVICE you are selling Someone buying from you needs to trust the product/service you are selling will solve their problem. It’s your responsibility to deliver a solution and the benefits associated with it. Basically you need to “Hit a Homerun” communicating this message. Tip – Use Success Stories: Share with the potential buyer examples of your product/service solving problems and delivering value for