By Finance New Mexico

Business leaders are a hardy breed, loath to admit trouble and express anything but optimism and confidence. This tough façade is handy when applying for loans, seeking investment capital and competing in the rough and tumble marketplace.

But it’s hard to maintain when customers are drifting away, employees are quitting, cash flow is falling short and a new product is taking too long to reach market. It’s hard to stay externally cool when internal fears wear down nerves and mental stability.

Continue reading →

By Claudia Serrano, Projects Coordinator, New Mexico MEP

The New Mexico Manufacturing Extension Partnership will celebrate the state’s manufacturers on Oct. 4 by leading facility tours in Deming, Albuquerque and Farmington.

Manufacturing Day in New Mexico is part of an effort by MEP organizations nationwide to show the American public that many products are still proudly and efficiently “made in the U.S.A.”

Local legislators, their field agents, customers, vendors and members of the general public are expected to spend the day visiting several New Mexico businesses that fabricate products used in major domestic industries.  Continue reading →

By Finance New Mexico

The dramatic increase in freelancers, especially technology industry soloists, is driving a new trend called “coworking” — the sharing of workspace on the basis of a desire for community that its proponents see as a basic human need.

“Never before have we been so isolated,” Convivium Coworking’s Deborah Reese said of the growing army of solo entrepreneurs and self-employed people who populate the U.S. work force — either because the recession undermined their faith in working for others or because the internet and other mobile technology freed them to work anywhere they wanted.

Continue reading →

Contributor Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions

By Finance New Mexico with assistance from Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions

A business owner might find the paperwork involved in hiring an employee to be intimidating, which is why many delegate those duties to a payroll service if they have enough workers to make the expenditure worthwhile.

According to Joy J. Forehand, deputy secretary of the New Mexico Department of Workforce Solutions, “entrepreneurs who do not outsource their payroll to an outside firm and choose to do it on their own need to know what state and federal laws apply to the employer-employee relationship.”

Continue reading →