New Mexico State University Arrowhead Center is offering a FREE business support program to existing and aspiring brewers, distillers, and winemakers in New Mexico called BreweySprint. This 6-week business support program features a curriculum designed to support participants in developing and strengthening their businesses through guided exploration of the Business Model Canvas.
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Does Crowdfunding Still Work?
SCORE of Northern New Mexico is offering a webinar from 2:00 – 3:30 pm on Feb. 23 to help entrepreneurs determine if raising money through crowdfunding is a viable option for their business or idea.
Continue readingBusinesses, Like Life, Have Stages
Paul F. Goblet, Financial Advisor, NM SBIC
Few businesses follow a predictable path and timeline from one stage of life to the next. Some linger for a long time as startups, while others dash directly from startup to rapid growth. Knowing the life cycle of a typical business can help an entrepreneur know where to find capital to reach the next stage.
The seed or startup stage starts with an idea or a prototype for a product or service. At this stage, entrepreneurs either tap friends, family members or other personal contacts for funds, or they seek angel investors, SBIR grants, micro loans or very early stage venture capital.
When a company is preparing its product or service for a market launch, it’s in the early stage of life. Continue reading