A business plan is a document that spells out a company’s expected course of action for a specified period, usually including a detailed listing and analysis of risks, uncertainties, and opportunities. For the small business, it should examine the proposed products, market, industry, management policies, marketing policies, production requirements, and financial needs.
Continue readingAuthor Archives: Admin
Raise Capital for Your Tech Business
Scale Up NM is offering a free business support program to New Mexico tech startups called the Capital Raise Sprint. This 6-week virtual accelerator is designed to help early-stage entrepreneurs understand how to fund their growth through financial tools that include angel investors and venture capital investors.
Continue readingLaunch Your Business with LiftFund
The nonprofit lender LiftFund is offering a step-by-step checklist for starting a business. Join LiftFund online on Tuesday, July 11, 2025, to learn how to set up your new business and get the tools for business growth and success.
Continue readingREAP Program Guarantees Small-Business Loans
The Rural Energy for America Program helps agricultural entities and rural small businesses develop renewable energy systems or implement energy efficiency upgrades by making capital available. While the grant-making portion of REAP is closed until at least October 1, 2025 (and perhaps longer depending on Congressional funding), the loan portion of the program is open and accepting applications on an ongoing basis.
Continue readingSpecial Assistance for Rural Businesses
Entrepreneurs and business owners in rural areas can get business assistance from the nonprofit organization Rural Community Assistance Corporation. The nonprofit lender, known as RCAC, offers workshops, business consulting, and loans to entrepreneurs and businesses in western communities with less than 50,000 people.
Continue readingThis is How to Start a Business
Joshua Arzabala knew he lacked business knowledge, but he had $50 to buy a used lawn mower and the will to forge a new path. Arzabala started Arzi’s Lawn Care, now an eight-person company in Hobbs that offers a wide variety of home services, including landscaping and yard maintenance for residential and commercial customers. Arzabala and his wife, Paloma, received business financing and consulting from the nonprofit business development organization WESST.
Arzabala contacted WESST for help to grow his small business. Meeting with the Hobbs-based team of WESST professionals, Arzabala was able to create a strong business strategy. With the team’s support, business documentation and administration became a breeze, and the new businessman could focus on customers, serving those he had and obtaining new ones. Arzabala worked all day, every day, for the first two years of the business, often at the expense of his personal and family life. With perseverance and business systems in place, he is now enjoying more time with his family and celebrating the milestones of his young daughter’s life.
Continue readingLearn About SBA Microloans
New and aspiring business owners can learn about SBA microloans and small business loans offered by the nonprofit lender and business development organization WESST on June 26, 2025. The workshop is offered online or in person at the WESST Enterprise Center, 609 Broadway NE in Albuquerque.
Continue readingWhat Price Should I Charge?
New business owners often wonder, “What price should I charge for my product?” It’s a good question, and it takes time to answer. Pricing is both an art and a science.
Continue readingMeat Processors Targeted for Assistance
Do you make beef jerky at home? Or maybe homemade sausage in your garage? Aspiring meat processing entrepreneurs can get business assistance and loan advice from the Biz Sprint program Arrowhead Center.
Continue readingGet Up to Speed on GRT and Business Taxes
Unlike many states that require businesses to collect a tax on products sold (referred to as a sales tax), New Mexico imposes the state’s Gross Receipts Tax (GRT) that must be collected on the sale of products AND services. Sell advice or IT services, even if you don’t sell a tangible product? New Mexico’s GRT must be added to the amount your client will pay.
Continue reading