The personalized local newsletter for the Fargo Moorhead startup scene.
Congrats to Dot’s Pretzels on the recently announced acquisition by Hershey. This company is a great story of a small packaged food business starting by selling to friends, then the Pride of Dakota-type circuit and later making a strategic move by bringing in R.D. Offutt Company as a co-owner to fuel growth & capabilities. Being a growing & sustainable consumer packaged good (CPG) is difficult, and Dot’s will no doubt continue to be an aspiration for many entrepreneurs - they already were before this Hershey deal!
This Wednesday is the Lean Startup Innovation Workshop, hosted by ILT Academy. This workshop will expand your skills, and teach you innovation methods, formalizing your startup idea in an interactive class experience.
If this is your first time reading Startup Digest Fargo, I recommend checking out past recent issues to read about other resources & programs featured in those issues.
More acquisition news. Congrats to Infinite Leap on their strategic move to join forces in Real-Time Location Systems (RTLS) and expand capabilities for their customers and extensive partner ecosystem.
While in theory it may seem easy to create a simple app for your phone to accommodate your big idea, that is far from the truth. Along with being highly complex to build, the cost of a custom mobile application ranges from $5,000-$300,000.
If small businesses power our economy (99% of all U.S. companies), capital is the “rocket fuel” that powers small businesses, what does this mean for your small business?
While many think of taxes around April 15, proactive tax planning can help you minimize your federal and state tax burden and ensure you take full advantage of available credits and deductions.
Learn the elements of sustainable farming: passion, clear goals, production experience, financial and marketing know how, and good decision making. Local producers will teach you how to earn profit over the long term, steward land, air and water, and improve quality of life for your family and community. In the course you will piece together a sustainable farm business plan.
“I think we should be more intentional in sharing this line of thought with founders. If a business isn’t on the "scale and exit” track, does equity make sense? It’s worth asking the question. There’s an alternative. Our revenue share product has extreme relevance and is under utilized.“
This is where I work & what I do. This page on our GFMEDC website highlights the most common resources for entrepreneurs. You may also find a form that you can complete if you need some guidance to be pointed in a certain direction(s). There is also good info on our Financing and Capital pages.
