Tim Weelborg

Executive Director


Tim Weelborg serves as Executive Director of the Enterprise Institute.  He works as an entrepreneur coach specializing in early-stage financing.  He assists high-growth startup companies to create viable business plans and attract both angel and venture capital.  Through his role at EI, Tim also serves as a business consultant with the South Dakota Small Business Development Center in Brookings.  Tim also teaches in the entrepreneurial studies program at South Dakota State University as an adjunct professor. 

Prior to joining EI, Tim worked as a corporate financial analyst with John Morrell & Co. in Sioux Falls, SD; a business analyst in the marketing and new business development division of Navitaire in Minneapolis, MN; and the sales and marketing director at Med-Pac, Inc. in Fargo, ND.  Tim has also served as the interim director of the South Dakota State University Ness Center for Innovation and Entrepreneurship.  Tim received an M.B.A from Colorado State University and a Bachelor of Science degree in Business Economics from South Dakota State University.  He is also a certified Economic Development Finance Professional (EDFP) and is a Financial Modeling and Valuation Analyst (FMVA).  In addition to his educational experience, Tim is a real estate investor and entrepreneur – having started several businesses of his own in the real estate industry.   

Tim lives with his wife and two children in Brookings.  His community and volunteer activities include: founding board member for Brookings Area Crime Stoppers (past president); member of Downtown Brookings, Inc. Economic Enhancement Committee; advisory board member for DSU Students in Free Enterprise (SIFE) club; and a classroom volunteer with Junior Achievement of South Dakota.

Nick Fickbohm

Business Consultant


Nick Fickbohm serves as a business consultant and oversees the market research team at Enterprise Institute.  In this role, Nick provides professional business consulting and market research services to current and future businesses while serving as an advocate for entrepreneurs in the Brookings community. Through his role at EI, Nick also serves as a business consultant with the South Dakota Small Business Development Center in Brookings.

Prior to joining EI, Nick worked as an Account Executive with Discovery Benefits Inc at their Brookings, SD office; opened Craft Fusion Restaurant as an operating partner in Brookings, SD; a minority partner and general manager at Old Market Eatery in Brookings, SD; and lead teller with Wells Fargo Bank at their Brookings, SD and Moorhead, MN branches.  Nick received a Bachelor of Science degree in Political Science from South Dakota State University. 

Nick has been involved in the Brookings community over the years by serving as a board member for Junior Achievement of Brookings for three years and as an organizer for 1 Million Cups Brookings for two years.  

Laurel Diekhoff

Lead Student Analyst


Laurel Diekhoff is lead student analyst at The Enterprise Institute where she conducts market and industry research for prospective and current small business owners. As a recent first-time business owner, Laurel is committed to serving EI’s clients from a familiar perspective.

Laurel is also the sole owner of Flume Bath and Body. Laurel founded Flume in December of 2016 as a pilot student of the Brookings Innovation Center’s Student Incubator. Flume currently offers more than 60 products which are sold via retail and wholesale throughout the country. Through Flume, Laurel has developed deeper interests in entrepreneurship, small business, and community. Laurel is currently pursuing Bachelor’s degrees in Entrepreneurship and Business Economics at South Dakota State University.

Laurel currently serves as the treasurer of the Brookings Farmers’ Market and as operations board member of the Collegiate Entrepreneurs’ Organization (former president). She is an active member of the Nonprofit Leadership Alliance and the Internal Council of Economics at SDSU.