Powering the creation, growth, and success of small business in North Dakota.
Categories: ND SBDC Success Stories
ASR Brands – Grand Forks 2023 Paul Carlson, founder of ASR Brands, had always admired individuals who turned their ideas into thriving businesses. With a passion for creating something out of nothing, Paul embarked on his entrepreneurial journey to design and sell aftermarket roofs and sound systems for Polaris Rangers and golf carts. The idea […]
Categories: Stakeholders
Welcome back! We took a break over the summer and hope you did too! We’re back to our regularly scheduled programming, and the students are back on campuses which is always exciting and brings a renewed energy to our very quiet halls (in case it slipped your mind, we’re hosted by UND, and the Lead […]
Categories: Advisor Knowledge Base
“How will I make my business operate if I can’t find employees?” is a challenge small business owners and entrepreneurs face as they build and sustain their businesses. In addition, how will they compete as small or new businesses in a very tight labor market? The United States had 10.1 million job openings as of […]
Salon Montage Studios – Fargo 2023 After dedicating 33 years of her career to a chain salon, Sue Cote found herself facing a setback when her position as General Manager was unexpectedly eliminated in early 2021. Initially contemplating a career shift outside the beauty industry, Sue’s former staff members reached out to her with a […]
Categories: Advisor Knowledge Base
As we talk about business succession, there is, more often than not, a bank involved and is typically working with the buyer to obtain financing. We often hear about the 5 C’s of credit and how that impacts the buyer’s ability to obtain funding. However, there is also 4’C of Capital that the business has, […]
No matter how much you enjoy working in your business, inevitably, there will come a time when you want to retire and/or sell your business. With baby boomers marching into retirement by the thousands, up to 70% of small businesses in ND are expected to change hands during the next decade. But are you ready […]
Categories: Stakeholders
Welcome Summer! Today, this newsletter might find you sitting at your desk dreaming of summer vacation, or we might get your out-of-office auto-reply because you’re already there! We’re going to be taking a little vacay from the stakeholder’s newsletter too. Don’t worry, those of us in the Lead Center and your local ND SBDC staff are […]
Hiring your first employee can be exciting but also nerve-racking. There are many questions that surface when you are ready to hire your first employee(s). These questions can bring about many layers. The first question that is usually asked is: Where do I begin? You should already be registered with the Secretary of State and […]
Categories: Stakeholders
Happy Stakeholders Month! In honor of this ND SBDC Stakeholders Month, we wanted to share our new strategic plan for the 2023-25 timeframe. For some background on how this was developed, let’s rewind. As you may know, the ND SBDC is an Accredited Member of the ASBDC. This accreditation process is rigorous, and we are […]
By connecting a user to a transaction, Blockchain can play a larger role in identifying risks and fraud. Blockchain is similar to an audit trail but uses technology instead of physical paper as documentation. Therefore, individuals within the finance department need a solid basis and understanding of technology and Blockchain technology. Additionally, it is even […]