Nov 29, 2021

Startup Digest Fargo - Issue #40

Issue #40 — View online — Suggest a link

Fargo

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.

Upcoming Events (times are in Central Time):

Lean Startup Innovation Workshop 12/1 12:30pm Concordia College

Preparing To Raise Capital? Here’s How To Meet Investor Expectations 12/1 3pm online

ILT Academy & Moorhead 5:60 Connect Startup Social 12/1 5:30pm Junkyard Brewing

Holiday Business After Hours 12/2 4pm Delta By Marriott

Budgeting and Cash Flow Strategies 12/3 11am online

Using Psychological Safety to Drive Team Performance 12/8 11:30am Delta By Marriott or online

Fueling Growth Through Cash Flow Management and Financing Forecasting 12/14 3:30pm online

Forging An Unbreakable Business & Brand 12/14 5pm Fargo Brewing

StartupBREW Fargo is on a break and plans to be back around mid-January

Featured Startups & Shoutouts

10 Questions with Sign Badgers| Fargo INC! Magazine

I recently interviewed Justin Nelson, Eric Roethel and James Botnen of Sign Badgers (and Signs 4 Work; Event Badger; Cozy Timber Co), for this monthly Fargo INC! magazine feature.

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CenTrak Aquires Infinite Leap

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.

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Other FYIs & Resources

How Much Does it Cost to Build a Mobile App?

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.

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Finance Basics for Starting Your Small Business | Fargo INC! Magazine

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?

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Top Tax Planning Strategies for Your Organization

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.

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Farm Beginnings - Starts Jan 2021

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.

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The Founder Community

Hosted by Codelation, this virtual community is a resource and tool to help you through your startup journey side-by-side with fellow entrepreneurs.

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Wefunder Blog | Equity Is Not Always the Answer

“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.“

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Frequently Used Entrepreneurial Resources - Greater Fargo Moorhead EDC

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.

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Techstars Startup Digest Fargo is curated by:

John Machacek - Chief Innovation Officer at Greater Fargo Moorhead EDC
john.machacek@startupdigestmail.com

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