Resource Library

Advance Thief River has published this library of resources, available for download, free of charge. To access training, simply fill out the Training Request Form.

We Value Business and Business Owners

We work hard to create opportunities for new businesses to start operations here, as well as creating opportunities for existing businesses to grow.

The Advance Thief River Business Resource Library is a collection of trainings. Within this page, you can access recorded training sessions, or register for upcoming training. Not seeing the training or information you need? Drop us an email, using the “Contact Us” form at the bottom of the page and we will do what we can to connect you with the resources you need. 

Money Smart for Small Business

Training Modules

Money Smart for Small Business curriculum is designed for new or existing small business owners, and provides a practical introduction to many of the most important aspects of managing a business. Course descriptions and learning objectives for each course are specified below.

Each session is one hour or less in length and is offered as a stand-alone course, allowing you to pick and choose the sessions you wish. A workbook is provided as a companion to each recorded session, giving you with the ability to apply concepts to your own business.

The lead trainer for these sessions is Advance Thief River Director, Michelle Landsverk, who has had 20 years of experience in business consulting and training. She is a certified Core Four Business Planning trainer and former director of the Minnesota Women’s Business Center, where she trained, mentored, and consulted with business owners from across Northwest Minnesota. She has also owned a main street business and brings that experience with her to these sessions.

 

Banking Services

Learning objectives for this one-hour Money Smart for Small Business module are:

  • Identify the banking services commonly available to a small business and explain how these services work.
  • Identify the advantages and disadvantages of each of the banking services.
  • Explain how small business owners decide which banking services are best for their business.
  • Define several forms of deposit insurance.

Submit the “Training Request Form” to download the video and workbook.

Guest co-presenter for this session is John Syvertson.

Financial Management

Learning objectives for this one-hour Money Smart for Small Business module are:

  • Explain the concept of financial management and its importance to a small business and its owner
  • Identify financial management practices, rules and tools commonly available to small businesses
  • Explain how financial management practices, rules, and tools work

Submit the “Training Request Form” to access the video and workbook.

Guest co-presenter for this session is Jake Rantanen with Northern State Bank.

Managing Cash Flow

Learning objectives for this one-hour Money Smart for Small Business module are: 

  • Describe the purpose of cash flow management in a start-up small business.
  • Assess a cash flow cycle and make some cash flow projections.
  • Describe how a cash flow statement can help assess and improve the financial health of a start-up.

Submit the “Training Request Form” to access the video and workbook for this course.

Strong Business Credit

Learning objectives for this one-hour Money Smart for Small Business module are:

  • Explain the concept of credit reporting and the impact of credit reports on the operation or growth of a small business.
  • Identify the credit reports and other reporting systems commonly used to assess the risk of extending credit to a small business.
  • Explain how these credit reports work.

Submit the “Training Request Form” to download the video and workbook.

Is Owning a Business a Good Fit For You?

Learning objectives for this one-hour Money Smart for Small Business module are: 

  • Clarify some of the myths and realities of small business ownership.
  • Start a self-assessment to determine your readiness to become a small business owner.
  • Set a plan of action to complete your self-assessments by seeking feedback from stakeholders, such as family, friends, and potential customers.

Submit the “Training Request Form” to access the video and workbook.

Organizational Types for Small Business

Learning objectives for this one-hour Money Smart for Small Business are:

Identify general characteristics, advantages, and disadvantages of each of these organizational types for small businesses:

  • Sole Proprietorship
  • Partnerships
  • Limited Liability Company (LLC)
  • C-corporation
  • S-corporation

Submit the “Training Request Form” to access the video and workbook for this course.

Guest co-presenter for this session is Nathan Haase, with Ihle, Sparby, and Haase.

Planning for a Healthy Business

Learning objectives for this one-hour Money Smart for Small Business module are:

  • Explain how an evolving planning process can help you make key decisions as business owners.
  • Describe how to convert a vague idea into a resource plan.
  • Explain the importance of a healthy personal credit score and healthy relationships with lenders.
  • Describe how a business plan helps motivate stakeholders to understand and support your business ideas.
  • Explain the benefits of creating a day-to-day action plan for running a small business.

Submit the “Training Request Form” to access the video and workbook for this course.

Record Keeping

Learning objectives for this one-hour Money Smart for Small Business module are: 

  • Explain the concept of record keeping and its importance to small businesses
  • Identify record keeping practices, rules, and tools commonly available to small businesses
  • Explain how record keeping practices, rules and tools work

Submit the “Training Request Form” to access the video and workbook for this course.

Insurance for Small Business

Learning objectives for this one-hour Money Smart for Small Business module are:

  • Identify the types of insurance required for a small business
  • Identify other types of insurance a small business should consider
  • Explain why insurance is important for a small business

Submit the “Training Request Form” to access the video and workbook for this course.

Guest co-presenter for this session is Mark Thune with North Risk Partners.

Risk Management

Learning objectives for this one-hour Money Smart for Small Business module are: 

  • Identify the common risks associated with a small business
  • Identify the external and internal factors which affect risk for a small business
  • Identify situations which may cause risk for a small business

Submit the “Request for Training” form to access the video and workbook for this course.

Tax Planning and Reporting

Learning objectives for this one-hour Money Smart for Small Business module are: 

  • Identify the federal, state, and local tax reporting requirements of a small business and its owner, and establish a plan to account and pay them.
  • Identify methods for researching the local, municipal, and county reporting/licensing requirements for a small business.

Submit the “Training Request Form” to access the video and workbook for this course.

Time Management

Learning objectives for this one-hour Money Smart for Small Business module are: 

  • Explain the concept of time management and why it is important to small businesses
  • Explain some commonly employed time management practices, including:
  • Pareto analysis
  • ABC method Eisenhower method
  • POSEC method

Submit the “Training Request Form” to access the video and workbook for this course.

Selling Your Business and Succession Planning

Learning objectives for this one-hour Money Smart for Small Business module are:

  • Change ownership of a business through selling, closing, or handing to a successor.
  • Establish an exit strategy for retirement including a succession plan, transfer of ownership, and taxes.

Submit the “Training Request Form” to access the video and workbook for this course.

Guest co-presenter for this session is Nathan Haase, with Ihle, Sparby and Haase.

Business Smart Series to Ready, Set, Go your business!

Learn ways to lay the groundwork for helping new and aspiring entrepreneurs like you launch a business idea and to understand the steps to building a business.

The SBA’s Minnesota District Office will offer this series twice in the next two months.  Register for one or all of the sessions that you’d like to attend separately:

  • READY: Basics of Business Startup
    Jan. 14, or Feb. 11, 1 p.m.; Register
  • SET: Becoming Credit Ready
    Jan. 21, or Feb. 18, 1 p.m.; Register
  • GO: Finding Additional Small Business Support and Resources
    Jan. 28, or Feb. 25, 1 p.m.; Register

The Ready, Set, Go Workshop is an initiative from the U.S. Small Business Administration and through this workshop, SBA hopes to provide aspiring entrepreneurs with the information needed to help guide your pathway toward economic empowerment and business success.

Developing Your Lean Startup

by Red Wing Ignite and ILT Academy

An experiential course for entrepreneurs with an idea, launching a Startup, or growing a business who want to learn and practice the Lean Startup process in turning an idea into a successful business.

4 Sessions/32-hours over 8 weeks

Delivered virtually – and its FREE – Plus a pitch competition and chance to win $5,000

Apply here today

Application deadline: January 22, 2021

Cohort start/end date: February 6, 2021 – April 1, 2021

Meeting times: Saturdays 8:00 a.m. – 5:00 p.m.

Submit the training request form below to access recordings and participant workbook for any of the Money Smart for Small Business modules. Once you submit the form, you will have immediate access to all of the material.

Training Request Form


218-280-1755

Michelle Landsverk
Economic Development 

Advance Thief River
PO Box 773

Thief River Falls, MN 56701

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