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186. In the Zone: Know the Laws About Home-Based Businesses

Those planning to launch a home-based business in New Mexico need to understand the zoning laws that apply in their area. Depending on where one lives in the state, zoning laws are enacted by city or county officials.

185. Small Businesses, Labs Celebrate Collaboration

Since its inception, NMSBA has helped 1,736 New Mexico small business access technical expertise through the state’s two national labs. At no cost, New Mexico small businesses can seek help from lab scientists or engineers for projects that require testing, design consultation and access to special equipment or facilities.

183. Financial Education Summit Seeks to Build Wealth

The fifth annual Summit on Financial Education is set for 8 a.m.-3 p.m. April 15, 2011 at the Hotel Albuquerque, 800 Rio Grande Blvd. N.W. The free conference aims to increase the financial knowledge of New Mexicans so that they can make sound decisions about their money and avoid fraud and questionable investments.

181. SBA’s Entrepreneur Training Expands in NM

An initiative of the U.S. Small Business Administration, the e200 Emerging Leaders Program is a national curriculum that provides business owners in underserved markets with training, networking, resources and motivation to grow their business and create jobs. The training, which is valued at over $8,000, is free of charge and will be conducted from April through November, 2011.

178. Workshops Help Innovators Access Federal Funds

The next-best thing to free money is available through two federal programs for small businesses involved in technology and innovation. The Small Business Innovation Research (SBIR) program and the Small Business Technology Transfer (STTR) program are designed for high-risk, untested innovations, not for conventional enterprises, such as retail or service, or for technology companies with proven ideas.

165. High School Seniors Cook Up Winning Business Plan

Two seniors from East Mountain High School in Sandia Park won the high-school division of the fourth annual New Mexico Youth Entrepreneurship Network’s 2010 Youth Business Plan Competition with their plan to run a hot dog stand at their school to make up for its lack of a lunch program. “Pete’s Wieners started out as a joke between two buddies looking to make a good grade in an economics class,” the partners wrote in their business plan.

162. LLC Format Appeals to Many New Businesses

Many businesses new to the game choose to organize as a limited liability company, or LLC — a hybrid of a partnership and corporation that attempts to reap the benefits of both.

154. Startups Should Weigh Partnership, Corporate Structures

Partnerships and corporations are two common forms a startup business can take. Forming a corporation requires the business to register its articles or certificate of organization with the governing state agency. Partnerships aren’t usually required to register – though it’s recommended they do – and can exist by default.

153. New Mexico Business Resources Aid Launch of Educational Games Company

Imagine Education, a New Mexico startup, received business assistance from LANL’s summer intern program, Northern NM Connect’s Market Intelligence program, WESST, and Rio Gallinas Charter School. “We’ve received more support in New Mexico than we could have imagined,” co-founder Scott Laidlaw said. Read about these assistance programs.

145. Financing a Business in a Brave New Business World

With commercial banks making fewer loans, many businesses are finding answers to their borrowing needs in smaller loans from alternative lenders, asset-based loans, and equity investment.

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