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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.

131. Knowing Marketplace Needs Crucial to Writing Business Plan

Research into the needs of the marketplace is essential to crafting a business plan. TVC, which sponsors the annual Equity Capital Symposium to match business ideas to investors, provides tips based on their experience evaluating thousands of business plans.

125. Sole Proprietorship Makes Sense for Startups

One of the first considerations for the owner of a new business is what form that business should take. The most common options are sole proprietorship, partnership (general and limited), corporation (C corporation and S corporation) and limited liability company.

122. Knowledge is Power When You’re Looking for Capital

With 20 locations around New Mexico, Small Business Development Centers exist to help business owners by providing information, assistance and training.

118. SBA Program Helps Disadvantaged Small Businesses Grow

Under the U.S. Small Business Administration (SBA) 8(a) program, the SBA helps socially and economically disadvantaged small businesses, by providing mentoring support, procurement assistance, training and other financial, management and technical assistance.