A mentor is a person with more experience in business, who can help an entrepreneur hone her or his abilities and advise him or her on navigating new challenges. A mentor can be a boon to an entrepreneur in a broad range of scenarios, whether they provide pointers on business strategy, bolster your networking efforts or act as confidantes.
Author Archives: Admin
Natural Selection: Evolution is Essential to Business Survival
Renata Golden, CEO, Golden Ink, Inc.
Businesses, like people, need to grow to stay relevant — even if the owner wonders where she’ll find the hours to devote to something that already consumes every hour she’s not sleeping.
Golden Ink reached that pivotal moment in 2012, when I had to decide whether to build it or to prune and risk killing it. The 100-hour workweeks had become unsustainable, but I was loath to stifle the natural expansion of a business I’d worked so hard to build and hoped one day to sell.
Re-Lending
The dispersal of funds from a primary lender by a secondary lender.
Santa Fe Green Chamber of Commerce
The chamber works to build a sustainable community of local businesses that are environmentally sound, economically viable and socially Continue reading
Southwest New Mexico Green Chamber of Commerce
Striving to be the voice of responsible business, the chamber’s mission is to support and connect locally-owned businesses dedicated to building Continue reading
Las Cruces Green Chamber of Commerce
The Las Cruces Green Chamber of Commerce (NMGCC) works to foster the success of local economies and promote businesses committed to Continue reading
International Trade Assistance
Several organizations provide assistance with developing international markets. Continue reading
Government Contracting
Government contracting can be a lucrative business niche for those companies that obtain appropriate certification. Continue reading
Subordinated Loan
A loan or part of a loan that has a secondary position to another loan if the borrower should default on their debt. In the case of default, the subordinated loan would receive payment after the primary lender is paid off. Subordinated loans are typically provided by government entities and may represent a portion of the total loan.
NM MEP Helps Entrepreneur Prepare Revolutionary Product
Matt Moser, Innovation Director, NM Manufacturing Extension Partnership
Most entrepreneurs who approach the New Mexico Manufacturing Extension Partnership are well along in production of an invention or commodity. Some operate decades-old businesses but need help identifying and overcoming production bottlenecks and instituting lean processes that can increase their profitability and competitiveness.
Vince DiGregory tapped into the talent at MEP before he had even built a prototype for the folding flat-pack modules he hopes will revolutionize the temporary shelter industry for military and disaster relief operations.
DiGregory’s invention is an 8-by-8-foot folding structure that can interlock with other modules to create larger enclosures. The lightweight structure can be rapidly assembled and taken apart, making it ideal for small-scale, temporary operations. Continue reading