Powering the creation, growth, and success of small business in North Dakota.
From Lifelong Passion to Powersports Business: Two Tired Garage Builds for Growth Bowman – For Bondon Scott, working on engines has been part of life for as long as he can remember. Growing up, his family had dirt bikes and other equipment that was not always new, so learning how to fix things himself came […]
Categories: Stakeholders
More Than the Numbers As we move into August, it is a meaningful time to reflect on the progress being made by small business owners and entrepreneurs across North Dakota. Every day, our advisors have the privilege of working alongside clients as they explore new ideas, start businesses, navigate challenges, pursue growth opportunities, and plan […]
Categories: Advisor Knowledge Base
Written by Nicole Evans, Grand Forks Center Director Running a small business means keeping a close eye on your numbers. One of the most important figures to understand is Cost of Goods Sold, commonly referred to as COGS. Whether you sell physical products, food, or certain services, COGS plays a key role in determining profitability […]
Categories: Stakeholders
Every small business has a story. Some begin with an idea that has been years in the making. Others grow from an unexpected opportunity, a community need, or a moment when someone decides it is time to take the next step. No matter how they begin, these stories are a powerful reminder that behind every […]
Written by Ashley Louw, Devils Lake Center Advisor Employee retention continues to be a challenge for businesses across North Dakota. Finding qualified employees is difficult enough, but keeping great employees can be even harder. While competitive wages remain important, small business owners do not always have the financial flexibility to offer raises, bonuses, or other […]
Categories: Stakeholders
Greetings, Across North Dakota, rural businesses continue to play an essential role in the communities they serve. While economic development conversations often focus on attracting new industries and investment, the long-term strength of many communities also depends on something much closer to home: locally owned small businesses. According to the United Health Foundation’s America’s Health […]
Categories: Secretary of State, Small Business Resources
Written by the Secretary of State staff A registered agent is an individual or professional company designated to receive official mail, tax documents, and legal notices (like lawsuits) on behalf of your business. North Dakota law requires LLCs, corporations, and partnerships to appoint a registered agent to ensure a reliable point of contact at all […]
Written by Nicole Evans, Grand Forks Center Director Many small business owners spend most of their time focused on daily operations, serving customers, managing employees, and keeping things running smoothly. While these responsibilities are important, taking time to review your financial performance each year is just as critical to long-term success. An annual financial analysis […]
Welding a Future in Rural North Dakota LEEDS – For Derrek Leapaldt, welding has never been just a job. It has been a steady goal in the background of his life since graduating from the welding program at North Dakota State College of Science in 2008. Business ownership was always part of the plan. After […]
The University of North Dakota was recently recognized as an Innovation & Economic Prosperity (IEP) University, a designation that reflects a strong commitment to supporting economic growth, strengthening partnerships, and expanding impact across North Dakota. This recognition is the result of a collaborative, multi-year effort to better understand and enhance how UND engages with businesses […]