The West Central MN SBDC July Newsletter
West Central MN SBDC
We serve in Becker, Clay, Douglas, Grant, Otter Tail, Pope, Stevens, Traverse and Wilkin counties in West Central Minnesota, offering no fee one-on-one business consulting services to start-ups, existing and expanding businesses.
 
You can register for consulting services by clicking the "Register" link on the home page of our website.
 
We request that you avoid dropping into our office at this time, in an effort to keep Concordia College students, staff and faculty safe.
 
Please call our office at 218.299.3037 or send an email to sbdc@cord.edu, if you'd like to reconnect.
Supply Chain Disruptions
We're all experiencing the ripple effects caused by the economic disruption of a global pandemic. Supply chain disruptions have made and continue to make waves.

MIT Management Sloan School News writer Sara Brown offers some tips to handle supply chain disruption.

Brown writes to keep an eye on your entire supply chain through supplier mapping. Know plant locations and what each plant makes in order to keep track of critical parts. Can your product work with out the part, or can you get the part elsewhere?

Implement product triage. Allocate parts used in multiple products according to need or customer importance.

Another suggestion is to increase the price of products in scarce supply and lower the price of readily available products.

Read more tips in Brown's article using the link below.

In another MIT article about Yossi Sheffi's new book, "The New (AB)normal: Reshaping Business and Supply Chain Strategy Beyond COVID-19", Sheffi describes three ways that businesses exhibited agility that allowed them to be successful.

  • Scale agility - When companies find ways to make more of existing products to meet surging demand.
  • Asset agility - used to unearth new uses for underutilized assets and provide products and services closely related to the preexisting business.
  • Scope agility - when firms pivot completely to build entirely new types of products.

Sheffi predicts that some trends will continue past the pandemic. Businesses will continue to adopt and improve on digital experience. Unused retail space will continue to be repurposed as fulfillment centers as e-commerce grows. And the focus will shift from self-reliance to connectedness .

Yossi Sheffi is quoted as saying, “Although COVID-19 may have exposed the fragile links lurking in the global economy, it also accelerated the adoption of a great many technologies and practices that will make the global economy more robust over time."
Business Builders Workshops
We've teamed up with our North Dakota SBA partners (ND SBA, ND SCORE, ND SBDC and ND WBC and VBOC of the Dakotas) to provide monthly Business Builders Webinars!

Business Entities and Limited Liability Protection Webinar
Join us for an overview of different legal entities to consider when looking to form a new business. The workshop, presented by Tyler Gludt, an attorney at Fredrikson & Byron, P.A., will include a discussion of corporations, limited liability companies, partnerships and provide you with resources for forming such entities. This session will also cover best practices for maintaining limited liability protection for owners.
July 13, 2021, 3:30 - 4:30pm
 
Business Planning using a Bubble Chart Road Map webinar
The thought of writing a business plan can sometimes be daunting. There is so much to cover and a ton of research that needs to take place. So where do you start?
 
Let us break it down into small manageable chunks before you write complete comprehensive thorough paragraphs. Wendy Klug, VBOC of the Dakotas Director, will lead attendees through a bubble chart approach and discuss simple research tricks that will help you lay the foundation for key categories of the business plan. From these methods, you will be ready to take the next step and transform your brainstorming session information to sections of a full business plan with ease.
 
This session can be helpful to those looking to start a business as well as helping current business owners analyze what is working and areas for improvement.
August 10, 2021, 3:30 - 4:30pm
 
Doing Business with the Federal Government
Learn what is required to do business with the Federal Government, e.g. SAM registration, Business notary, NAIC, Representation, and Certification as well as how to find business opportunities with the Federal Government.
 
Presented by Graham Pritchett, Director of Business Operations, GF Air Force Base, and Queen McCartney, SCORE Grand Forks member. Additional information provided by Dave Kleppe, ND PTAC Program Manager.
Sept 14, 2021, 3:30 - 4:30pm

#SBA #BusinessBuildersWorkshops #NorthofNormal #LiveWideOpenMN
Workshops and Events
Workshops provided by SBA Resource Partners. 

Veteran's Resource Brief (SBA)
July 9, 10 a.m.

Business Development Essentials (SCORE)
July 6

Starting a Food Business 101 (SCORE)
July 6

Getting Ready (3 Session Series, WomenVenture)

Franchising Basics (SCORE)
July 7

WomenVenture Overview 
July 8

Accounting 101: Using Quickbooks Online (SCORE)
July 8

Credit for Small Business (SCORE)
July 13

Three Strategies for Building a Consultancy (SCORE)
July 13

Understanding Google Analytics To Grow Your Business (SCORE)
July 13

Finders Keepers: What You Can Do to Find and Keep Employees (SBDC)
July 14

Tax Basics 101 (SCORE)
July 14

#WCSBDCBusinessWorkshops #LiveWideOpenMN #MNSBDC #OnlyinMN
WC MN SBDC Regional Supporters
We want to thank our supporters for their donation to our Matching Funds Campaign! Did you know that SBDC’s provide no-fee one-on-one business consulting services? We can do this because the SBA funds 50% of our costs. The State of MN matches some of those funds, but we are required to find local donations to match the rest of our operational costs.

  • Barnesville Economic Development Authority
  • Bell Bank
  • City of Moorhead
  • City of Perham EDA
  • Midwest Minnesota Community Development Corporation
  • Northwestern Bank
  • Offutt School of Business, Concordia
  • Roll-A-Ramp
  • Security State Bank, Fergus Falls
  • United Community Bank
  • West Central Initiative
  • West Tool & Design, LLC

Thank you! We couldn’t do this without you. 
West Central MN SBDC
901 8th St. S.
Moorhead, MN 56560
(218) 299-3037
Subscribe to the WC MN SBDC Newsletter
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, Minnesota Department of Employment and Economic Development and regional support partners. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the program sponsors. Programs are open to the public on a nondiscriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance by calling 218.299.3037.