Powering the creation, growth, and success of small business in North Dakota.
By: Nicole Evans, Grand Forks Center Director Understanding Working Capital We often hear the term working capital, and we may even use it regularly in business, but what exactly does it mean, and why is it important to understand? Working capital represents the operating liquidity available to a business and is considered a component of […]
Categories: Advisor Knowledge Base
By: Nicole Evans, Grand Forks Center Director Have you ever heard the phrase “If you fail to plan, you plan to fail” by Benjamin Franklin? There is something to be said with this phrase because it makes perfect sense! Business plans are like roadmaps. They tell where you are, where you want to go, and […]
Categories: Advisor Knowledge Base
By: Nicole Evans, Grand Forks Center Director I attended a presentation regarding Time Management. The presenter mentioned that there is no possibility that a person can and does multitask. The presenter goes on to say that a person does not do two things simultaneously. You don’t fold laundry while doing the dishes. You don’t read […]
By: Nicole Evans, Grand Forks Center Director When becoming a business owner, many different areas will need to be focused on. The financial side is one of them, and an important one at that! Bookkeeping tracks and records your business’s financial transactions and is recorded based on your company’s accounting principles and documentation. Some of […]
By: Nicole Evans, Grand Forks Center Director 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 […]