Check back each week for a new article, or subscribe to receive articles delivered by e-mail every Monday.

216. Entrepreneur Alert: It’s Time to Prepare for Technology Summit

In January, 2012, TVC will select up to 20 entrepreneurs with the most commercially marketable ideas and help them prepare business plans to pitch in April to funders at TVC’s Deal Stream Summit, formerly called the Equity Capital Symposium. TVC must receive plans by Jan. 6, and entrepreneurs should contact TVC (www.techventures.org) right away at 505-246-2891.

215. Jobs Act Frees Cash for Small-Business Borrowing

As of this year, under temporary provisions of the Jobs Act affecting the 504 loan program, borrowers can finance up to 90 percent of the appraised value of property they own. Borrowers with more than 10 percent equity can thus obtain cash to pay eligible business expenses.

214. Businesses Shift Focus to Veterans’ Needs

For business owners who are alert to new market opportunities like those presented by wounded warriors, benefits are delivered to stockholders and employees in the form of greater satisfaction and revenues — and to veterans in the form of relief from debilitating stress and illness.

213. Funds Connect Growers to Burgeoning Industry

Funding 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 Identity

A 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.

211. Identify Specialty Before Looking for Investors

Professional investors currently fund about one out of every thousand startups. With the odds stacked against obtaining equity capital, an entrepreneur must identify the investors most likely to invest in his business.

210. Venture Capital: It’s More Than Money

As professional investors, our evaluation of each potential investment opportunity emphasizes the entrepreneurial team more than market strategy, technology or financial projections. When evaluating the pros and cons of bringing on an investor as a partner in your business, your considerations should be similarly weighted toward who-decisions.

209. Truck Puts Chef on Road to Prosperity

Calvo’s business expansion was made possible with a loan from The Loan Fund, a tax-exempt organization that provides loans, training and consulting to entrepreneurs, business owners and non-profit organizations throughout the state and the Navajo Nation.

208. Get Insight from a Debt Schedule

Financial institutions do not want saddle people with loan payments they cannot afford. Do a personal and business debt assessment before looking for a loan. Determine your debt-to-income ratio and prepare a debt schedule to obtain insight.

207. Budgets Matter to Business

Business owners striving to make it through the tough economy need to know how cash flows in and out of their business. A good place to start is with a budget – a basic tool used to forecast when cash will be collected and when expenses must be paid.

« Previous

Article Categories

Finance New Mexico is
SPONSORED BY:

NMSBIC

NM Economic Development Department

NNM Connect

Accounting and Consulting Gruop

Century bank

Los Alamos National Bank