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ArticlesCheck back each week for a new article, or subscribe to receive articles delivered by e-mail every Monday.223. Getting Down to Business in New MexicoTo launch a business in New Mexico, an entrepreneur needs a legal structure, business name, employer identification number (EIN), state registration, business license and other permits. As complicated as it sounds, it takes most entrepreneurs only a few days to obtain what’s needed. Read more to find out what steps to take. 218. WESST Helps Artisans Get the Right PriceMany entrepreneurs have never accounted for all the underlying costs of getting their product or service to market. Some haven’t asked themselves how to know they’re operating at a profit and how few sales they can make and still break even. 217. Partners Team Up to Host Entrepreneurs’ Discovery DayNew Mexico innovators will pitch their discoveries to a panel of experts — and get a shot at up to $10,000 in funding — at the next HD3 Discovery Day on Dec. 8 in Santa Fe. At its first Discovery Day in May, HD3 (www.hddd.org) received more than 20 applications from all over the state. Entrepreneurs interested in participating in the next Discovery Day should visit www.hddd.org. For other opportunities, visit www.nnmconnect.net. 213. Funds Connect Growers to Burgeoning IndustryFunding from Northern New Mexico Connect and the county of Rio Arriba helped organize local micro-growers – those with one quarter- to two-acre plots – into a grape growers association. Barely a year later, the group has received advice from multiple experts, pooled funds to order root stock in bulk and planted thousands of vines. In two years, when the vines reach maturity, the association plans to begin selling their combined harvest to local wineries. 212. Names Matter to Business IdentityA business’s legal name is usually that of its owner, though businesses often assume a made-up moniker that says more about what the business does than who runs it. Naming a business can be more challenging than it appears. Because a name reflects the business’s identity, the time invested in inventing that name is well spent. 206. Veterans Get Help in BusinessRecognizing that former soldiers can draw on the same commitment, dedication and courage that served them in battle to operate businesses that serve community needs and provide jobs to other Americans, the SBA funded 19 Veteran Business Outreach Centers. The region six VBOC, which is located in Albuquerque, serves veterans in New Mexico, Texas, Louisiana, Oklahoma and Arkansas. 200. Grant Expands New Mexico Education SuccessWhen Taos-based Imagine Education received a Next Generation Learning Challenge Grant from the Bill & Melinda Gates and William and Flora Hewlett Foundations this summer, the award was not just a triumph for middle-school students struggling to learn math. It also marked an achievement for theNew Mexico programs that grow the state’s economy by [...] 199. Candy Company is Sweet and LeanNew Mexico MEP is a non-profit organization that helps businesses increase profitability. Based on the premise that a lean operation is a profitable operation, New Mexico MEP helps key staff understand the principles of lean manufacturing. It offers workshops, on-site trainings and systems analyses. 195. Investors Bring Benefits Beyond CapitalFor a growing business, the advantages of outside equity capital are numerous. Equity significantly improves a company’s balance sheet and provides resources for hiring, developing new products, and other needs that can help the business grow. But there are other important benefits too. 189. LANL Puts Students to Work for New Mexico BusinessesEach summer, MBA students from top-ranked business schools work at LANL to help scientists, small businesses and entrepreneurs find commercial uses for new technology and assist companies with business challenges. Business owners in New Mexico may obtain assistance by applying through the program. |
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