The meeting for the ACFA-MN 10:00 am at the meeting room at Davanni's in Golden Valley with 11 members present. 

The meeting was called to order by Vice President Dan Mosch.
The Secretaries report of the last meeting was verbally given by Phil Kloos. Motion to accept by Ed Clark, second by Stephen Racette, approved by all.


OLD BUSINESS:

Phil Kloos, Dan Mosch and Jeannine Clark discussed the "Wealth Summit" that our chapter took part in on Saturday April 28th. Several community contacts were made such as realtors, mortgage offficers, financial advisors, and other businesses in our area. Interest in our chapter was significant with several gathering to ask questions of our chapter members who were present. ACFA-MN had our first alternative membership of an outside business not involved in the cashflow business.
 
Phil reminded everyone that the Friday morning coffee meetings were continuing at Dunn Brother's Coffee on Minnetonka Blvd. from 10:00 - 11:30 a.m.. All are welcome. Phil Kloos will continue to host this mastermind/mentor group meeting.

NEW BUSINESS:

The Treasurer's report by Phil Kloos reported a cash balance at the beginning of April of $882.97. 
Dispersements of: 
     $300.00 - for the Wealth Summit Display booth
     $  50.00 - for the gift certificate given away at the Wealth Summit
     $  14.40 - Flyers for the display booth
    -$ 364.40 - TOTAL DISPERSEMENTS 

   =$ 517.60 Balance after disbursements
   +$ 280.00 Dues to be deposited 
     $ 797.60 Balance on hand
 
A motion to accept the report was made by Dennis Hansen, second by Jeannine Clark and was approved by all.

Nominations for the election of officers had previously taken place to assure each nominee would be willing to take on the responsibilty.
Vice President Dan Mosch handed out ballots prepared with the nominees in place and space for write in candidates.

There was a break following the voting to count the ballots: The vote was unanimous and the ACFA-MN OFFICERS FOR 2008 are as follows:

PRESIDENT..............PHIL KLOOS

VICE PRESIDENT ..DAN MOSCH

SECRETARY............ANNA MALVIG

TREASURER............JEANNINE CLARK 

Phil Kloos took the gavel and asked if there was any other new business.

Dennis Hansen presented some information about the upcoming "Rich Dad Education" coming to the area and said he would attend.

A motion to adjourn wa made by Dennis Hansen and seconded by Phil Kloos.

Adjourned for pizza and pop.





Minutes 3/3/2007 ACFA-MN Chapter Mtg.

The meeting for the ACFA-MN 10:00 am at the Ridgedale Byerly's in Minnetonka with 7 members present who gathered in the common dining area. 

The meeting was called to order by President Steve Siem.
The Secretaries report of the last meeting was read by Dennis Hansen. Motion to accept by Ed Clark, second by Phil Kloos, approved by all.


Old Business: 
Steve reminded everyone that the Friday morning coffee meetings were continuing at Dunn Brother's Coffee on Minnetonka Blvd. from 10:00 - 11:30 a.m.. All are welcome. Phil Kloos will continue to host this mastermind/mentor group meeting.

New Business:

The Treasurer's report by Phil Kloos reported a cash balance of $882.97 and 18 paid members. A motion to accept the report was made by Ed Clark, second by Jeannine Clark and was approved by all.

Discussion about future meetings agenda's took place.

Steve mentioned that to remember that May is election month for officers and board members. Please keep in mind candidates for officers as the bylaws state that one person can hold any specific office for two consecutive years. Phill is on his second year as Treasurer and will be replaced.

A question as to keeping the Minnesota chapter active in light of reduced membership, and no recent ACFA training sessions in the Twin Cities. Discussion followed with a consensus to keep the chapter viable.

No other new business was presented. 

Phil Kloos and Dennis Hansen presented an educational session on marketing. Several aspects of marketing werre presented for both factoring and real estate notes.
Several web sites were presented ie.
www.jjhill.org  This is the James J. Hill Library site for gathering business information. 

www.bizinfolibrary.org   This is another business site full of information.
 
www.publicityhound.com  for sending out publicity releases.

www.rexfordfunding.com  as a funder who hosts webinars and has marketing information and programs.

www.strategies-by-design.com  a marketing newsletter.

www.marketingbestpractices.com  by David Frey author of "The Small Business Marketing Bible". He has lots of free information available, as well as a newsletter.

Another site by Janet Attard. You can google her.

Dennis had a handout "Six Steps To Develop A Marketing Message That Sells". This was written be Julie Chance of Strategies-by-Design.


Motivational Moment:  JUST DO IT!

A motion to adjourn was made by Stephen Racette with second by Jeannine Clark. 



 Minutes 2/3/2007 ACFA-MN Chapter Mtg.

The meeting for the ACFA-MN 10:00 am at the Ridgedale Byerly's in Minnetonka with 10 members and guests present who gathered around the fireplace in the common dining area. 

The meeting was called to order by President Steve Siem.
The Secretaries report as appeared on this website was approved by all.


Old Business: 
Steve reminded everyone that the Friday morning coffee meetings were continuing at Dunn Brother's Coffee on Minnetonka Blvd. from 9:30 - 11:30 a.m.. All are welcome.

New Business:

The Treasurer's report by Phil Kloos reported a cash balance of $882 and 18 paid members. A motion to accept the report was made by Ed Clark, second by Bob Caufman and was approved by all.

The Education Committee has no speakers lined up for future meetings, but will have shortly. Discussion about future meetings agenda's took place.

Phil K. reported that it has been difficult to find available rooms available in which to meet. He will try today to get the Ridgedale Byerly's community meeting room for next month's meeting. Some discussion took place and the general consensus was the this meeting room served everyone quite well.

Bob Caufman brought the DVD "America- Freedom to Facism" to show, but we did not have access to the meeting room and DVD player to view it today. He gave it to Phil who will be in charge of passing it around for others to watch at home.

Steve reminded members to review the Chapter goals as stated in the December, 2006 minutes.

Phil said that Kim Bentz from Rochester area was going into another business venture and would like to sell her cashflow business. Her website is  www.midwestcapitalconnection.com . She says that she gets several calls per month as her search engine rankings are quite high. If interested contact Kim at her website. 

Steve received an e-mail from the ACFA National Office stating that a busines was using ACFA as an endorsement and contacting ACFA members. ACFA stated that they do not endorse businesses nor promote them to members. If you want to access funders, check the website at www.americancashflow.com or check the American Cashflow Journal.

Motivational Moment:  "Words of Success" on using the correct language to help you succeed in your day-to-day business and life , was passed out by Steve.

Dennis Hansen talked about how to build a profitable website. He will e-mail a copy of his e-book to members who requested it. Discussion concerning web sites followed.

A motion to adjourn was made by Phil Kloos with second by Ed Clark. 




Minutes 1/6/2007 ACFA-MN Chapter Mtg.

The meeting for the ACFA-MN second annual KONY (Kick Off the New Year) began at 6:30 p.m. at the Ridgedale Byerly's in Minnetonka with 13 members and guests present. The first  hour was spent socializing and eating dinner. 

During the social time President Steve Siem and Treasurer Phil Kloos conducted a drawing for door prizes. Everyone was a winner and each received a gift for their businesses growth.

The meeting was called to order by President Steve Siem.
The Secretaries report as appeared on this website was approved by all.
The Treasurer's report by Phil Kloos reported a cash balance of $888.96 and 18 paid members. A motion to accept the report was made by Dennis Hansen, second by Bob Caufman and was approved by all.

Old Business:
Phil Kloos reminded everyone that the Friday morning coffee meetings were continuing at Dunn Brother's Coffee on Minnetonka Blvd. from 9:30 - 11:30 a.m.. All are welcome.

New Business:
Discussion about future meetings agenda's took place.
1. Bob Caufman talked about a DVD he has about the income tax situation. The video will be presented during the February 3rd meeting.
2. Dennis Hansen volunteered presenting possible website marketing principles for a future meeting. Also creating websites and maintaining them.

A motion to adjourn was made by Phil Kloos, second by Bob Caufman and was approved by all.




Minutes from 12/2/2006 ACFA-MN Chapter Meeting

The December 2, 2006 ACFA-MN meeting was held at the Ridgedale Byerly's in Minnetonka. President Steve Siem called the meeting to order. He welcomed the nine attendees present.

Steve Siem read the minutes from the November meeting.

Phil Kloos read the Treasurer's Report. Steve Siem made a motion to accept; Linn Olson accepted, 2^nd by Monica Mosch- approved.

Old Business:

1. Linn Olson mentioned the monthly Monday meetings she holds at the Ramada Lounge in Bloomington. She will put the date and time of the next meeting on this website.
2. Phil Kloos has an informal meeting at Dunn Brothers in Minnetonka every Friday, at 10:00AM.
3. Steve Siem asked that all members email him their contact information, as well as the niches they are working in and their website address. He would like to post these on the website.

New Business:

Steve Siem announced the "Kick Off the New Year" party will be held on either Jan.5 or Jan. 6. The attendees agreed to have it at the Ridgedale Byerly's meeting room, thus the date is dependant upon the availability of the room. Food arrangements are to be determined. Steve mentioned there were gifts given to everyone last year, and the same will be done this year. Significant others are welcome to come. Please check the website for further information later this month.

Steve Siem inquired as to whether everyone had received the ACFA spam alert email.

Steve Siem asked the members to come up with a list of 2007 Chapter Goals, as well as some of their own personal goals. These are the resulting lists:

Chapter Goals:

1. New Member packets.

2. Bring in more speakers on non-factoring topics, for training purposes.

3. Increase membership and member involvement.

4. Have a Million Dollar Club member from our chapter in 2007.

5. Get an article published that is relevant to the Cash Flow business, written by a member.

Member Goals:

1. Attend a Chapter Meeting.

2. To be consistently making $5,000 per month.

3. To present at the 2007 Dallas ACFA convention.

4. To build 2 new referral relationships per month, and refer business to others each month.

Phil Kloos mentioned some of the membership requirements to Faith Beasley.

Steve Siem made a motion to adjourn; Phil Kloos accepted the motion, 2^nd by Dan Mosch- approved.

ACFA-MN 11-4-06 Minutes

The November 4, 2006 ACFA-MN meeting was held at the Ridgedale Byerly's in Minnetonka. President, Steven Siem, called the meeting to order. He welcomed the 9 members who were present.

Phil Kloos read the October meeting minutes. Motion to approve by Jay Williams, 2nd by Monica Mosch - approved.

Phil Kloos read the Treasurer's Report: Currently there are 17 paid members and the balance as of this date is $975.15. Motion to approve by Dennis Hansen, 2nd Dan Mosch - approved.

Old Business:

1. Steve asked all members to send him their contact information, niche(s) that they work and the link to their business website. All members can have a link on our website www.acfa-mn.com for reference.
2. Steve encouraged members to sign up for one of the committees.
3. Alternative meetings for exploring other income streams are held: 

            a. each Friday with Phil, 10 - 11:30am at Dunn Brothers on Minnetonka Blvd between Plymouth and Shady Oak Rd. (This is about three blocks east of 494.)

             b. entrapreneurs meet once per month with Linn Olson at the Ramada Lounge (formerly Thunderbird Motel in Bloomington) on 24^th and #494. This is an open "come and go" meeting starting around 4 pm. (The next meeting will be held in November - date to be announced - be sure to check this website for updated information).

New Business:

Steve introduced Joel Dammann - Vice President, and Jeff Colquette - Manager of AR Finance, both with Spectrum Commercial Services.
The two officers presented a detailed description of their services in the commercial area of accounts receivable financing, and how ACFA-MN members can become consultants for the firm.  

The speakers had several handouts, ie. a glossary of accounts receivable financing terms, a review of products offered, types of due diligence required, and applications for businesses possibly requiring their services.

The presentation was interspersed with several questions and answers.  

A motion to adjourn was made by Phil Kloos and seconded by Dennis Hansen.

________________________________________







ACFA-MN 8-5-06 Minutes

I spent 2 hours on this and lost it all due to website for cashflow errors. Check back later.
OK, here is the condensed version:

ACFA-MN Chapter Meeting 8/5/06

The August 2006 ACFA-MN meeting was held at the Ridgedale Byerly's in Minnetonka. President, Steven Siem, called the meeting to order. He welcomed the 6 members who were present.

There was no reading of the July minutes.

Old Business:

1. Steve asked all members to send him their contact information, niche(s) that they work and the link to their business website. All members can have a link on our website www.acfa-mn.com for reference.
2. Steve encouraged members to sign up for one of the committees.
3. Linn Olson talked about the alternative meeting for exploring other income streams. The next meeting will be held September 18^th at the Ramada (formerly Thunderbird Motel in Bloomington) on 24^th and #494. This is an open "come and go" meeting starting at 3 pm. (be sure to check this website for updated information).

Treasurer's Report:

Steve read the report from Treasurer Phil Kloos. No change in the reported income or expenditures, there is a balance of $1074.98 of which $549.98 is uncommitted at this time.

New Business:

1. There was no new activity from the committees to report.

2. Steve requested that the September meeting be moved from the Labor Day weekend to the following Saturday. All agreed to September 9 to be the date of the next meeting. It was suggested that the September meeting be a picnic. All present were in favor so Stephen Racette and Steve Siem will look for appropriate sites. The chapter would furnish the meat, while individual members would furnish the rest. E-mail will go out with particulars and an RSVP request with indication of the food each will bring.

3. Steve said that plans for the future meetings would include local business representatives who are connected with factoring, leasing, etc.

4. Steve suggested that the meetings also include member presentations for information as well as practice of public speaking skills.

5. Linn Olson reminded us that a cashflow consultant, Marilyn Peterson, is fighting a severe form of cancer. Linn asked all of us to keep Marilyn in our prayers and thoughts as she continues treatment.

6. Discussion of alternative forms of income, seminars and conferences took place. In true entrepreneurial spirit it was suggested that different conferences that might be of member interest be placed on the chapter website.

7. Dennis said that he would be attending a three-day conference in Edina the last weekend of September. The conference is on "Internet Marketing" and hosted by Jeff Mills from Cottage Grove, MN. Jeff is a former local youth minister who developed his extremely successful Internet business just a couple of years ago and has become a millionaire. For information only click on: http://www.1shoppingcart.com/app/?af=439928

Stephen Racette made the motion to adjourn – 2^nd by Dan Mosch - Adjourned

___________________________________________

ACFA-MN 5-6-06 Minutes

the meeting took place at the James J. Hill Reference Library in downtown St. Paul. President Dennis Hansen called the meeting to order.
Initial comments concerning joining the membership and the process of the chapter were explained to the newly trained CCFC's attending for the first time.

Treasurer Phil Kloos gave the Treasurer's report: There were no disbursements during the past month. There are three members renewing their membership. Balance on hand: $714.98
there was discussion and motion to accept the report by Dan Mosch and 2nd by Wayne Leyh. Accepted

Agenda:
1. Brief announcements as well as information of upcoming events took place.
2. Information concerning the Upsize Magazine breakfast meeting "Growth Challenge" on June 13th from 7:30 - 10:00 am at the Metropolitan Ballroom was given. This is focusing on marketing.
3. Discussion about the upcoming Convention took place. Six of the members present indicated that they are attending.
4. Board Member Lynn Olson's proposed casual cashflow discussion group meeting is tentatively scheduled for June 19 at the "old Thunderbird" motel on 494 and 24th St.. This is a casual affair and you can join the group anytime between 3:30 and 5:00 pm. Watch the website for further information.

A Special information talk about the James J. Hill Library Facilities and the opportunities it has for the small business person was presented by:
Jim Poole, Membership Development Manager
Jim did a "walk through" of the http://www.jjhill.org website which was very enlightening. There are paid memberships ranging from $50 - 500 per year depending on what kind of information one needs and where the information is accessed, however, there is a great deal of free information available. This wonderful presentation was concluded with Jim extending to all present a free week of a trial membership. For more information concerning the library please contact Phil Kloos or Dan Mosch.

The final item on the agenda was Election of Officers and every paid member present was welcome to submit any paid member or their own name for consideration. The following is the list of duties according to ACFA:

ELECTION OF OFFICERS: