By Denise Williams, Innovation Director, New Mexico Manufacturing Extension Partnership

About 18 months ago, Aztec Machine and Repair of Bloomfield sent its management and supervisory personnel, as well as its production floor workers, to a class in the fundamentals of lean manufacturing given by the New Mexico Manufacturing Extension Partnership, or MEP – a nonprofit agency that helps small and midsized U.S. businesses create and preserve jobs by implementing money- and time-saving production and administration measures.

Aztec – which provides machining and fabrication services for the many oil, gas and mining industries in the Four Corners area – had two goals for the training: to increase the lean manufacturing literacy of its work force and to generate momentum toward its next goal of becoming ISO registered. Continue reading →

By now, most Americans have seen a QR code, even if they didn’t initially understand why these two-dimensional matrix bar codes were suddenly appearing on products, advertisements and business cards.

Called QR for “quick response,” the codes were created in 1994 by Japanese automakers to track parts. Now companies around the world use them to link consumers directly to their websites, where they can shop and find coupons, special offers and product information. Continue reading →

By Harry Buysse, Consultation Program Manager, New Mexico Occupational Health and Safety Bureau

While employers in New Mexico are required to provide safe, hazard-free workplaces, they don’t have to hire expensive consultants to identify and eliminate potential dangers.

The New Mexico Occupational Health and Safety Bureau has compliance specialists who work with small businesses, trade groups and unions that want help establishing worksites that are as risk-free and healthy as possible. That goal of such cooperative programs is to reduce industrial injuries and illnesses and lower the costs associated with workplace hazards, including workers’ compensation claims and loss of business productivity.

These consultations are voluntary and confidential, and they cost the employer nothing. On-site consultants don’t issue citations or penalties during their visits, and they don’t report to the bureau’s inspectors the unsafe or unhealthy conditions they discover. They only require a commitment from employers to swiftly correct any safety hazards or dangerous practices identified in the visit. Continue reading →

By Luis Duran, Functional Site Manager, New Mexico Workforce Connection, Santa Fe office

Rose Marie Law first used the employment screening services of the New Mexico Department of Workforce Solutions even before she became director of human resources for Jemez Mountain Electrical Co-op, a nonprofit utility started in 1947 to serve residents of Jemez Springs and now generating electrical power for Rio Arriba, Santa Fe, San Juan, McKinley and Sandoval counties.

While the International Brotherhood of Electrical Workers Union Local 611 provides journeyman electricians through its apprenticeship program, Law is responsible for hiring clerical and warehouse workers for the utility’s offices in Jemez Springs, Cuba and Española.

When jobs come open at the utility, the Department of Workforce Solutions helps Law assess the skills and abilities of her top candidates with a WorkKeys test. Continue reading →

By Carmen Martinez, director, Small Business Development Center at San Juan College

Business owners don’t need a degree in accounting, but they do need to know how to read basic financial statements and when to ask the accountants who prepare them to explain what they don’t understand.

No one wants to be like the business owner who believed she was making a profit because her checkbook had a positive balance. But even business owners who diligently record financial transactions using basic accounting software don’t always comprehend the reports their CPA generates based on these records.

That means they’re not using the expertise they pay for, and they’re not using the numbers as tools to build their business.

The three financial reports every business owner should understand are the profit and loss statement, the balance sheet and the cash flow statement. Continue reading →

By Lisa Adkins, Director of the BioScience Center

“Crowdfunding” is a way that startups can raise money to get a project or enterprise off the ground without company founders having to surrender ownership, secure a loan or approach foundations for elusive grants.

Earlier incarnations of the practice didn’t have the advantage of instant access to a global fan base that can grow exponentially through social media. The Internet created that access, and crowdfunding sites like Kickstarter.com and IndieGoGo.com created platforms where people could pitch their projects.

Aqua Research, a resident company in the BioScienceCenter incubator in Albuquerque, is using IndieGoGo to raise $50,000 by May 10 to finance production of its H2gO water purifier, which can turn up to five gallons of unsafe water at a time into potable water using a solar-powered rechargeable cell-phone battery. Continue reading →

By Denise Williams, Innovation Director, New Mexico Manufacturing Extension Partnership

Henry Production Inc. of Farmington puts a premium on training. The 51-year-old company is a one-stop oilfield service company, selling and maintaining compressors and pumps used in the oil and natural gas industry, servicing and overhauling engines and fabricating skids and piping, among other things.

Because machine technology is always changing, the company sponsors a 16-week class once a year to ensure its newer technicians understand the mechanical systems they’re working with. Even seasoned techs take refresher courses to stay on top of technological advances.

Continue reading →

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.

Continue reading →

Carolyn A. Wolf, Attorney at Law, Montgomery & Andrews P.A.

New Mexico’s gross receipts tax might make many business owners grumble, but the tax code contains provisions to help entrepreneurs compete with out-of-state rivals who aren’t subject to the tax. Taxpayers that sell services to out-of-state buyers when the product of the service is initially used outside the state and the product is delivered to the buyer outside New Mexico may be eligible for a deduction.

For transactions to be deductible, certain guidelines must be met.

Continue reading →