How to Sell to the Government

The federal government aims to award at least 5 percent of all federal prime contracting dollars to women-owned small businesses and 12 percent to small disadvantaged businesses. The State of New Mexico gives New Mexico resident-owned businesses preference in state contracts. Ready to get started selling to the government?

Continue reading

Workshops Aim to Improve Leadership Skills

The Albuquerque co-working organization FatPipe and the business development organization WESST want to help businesspeople become better leaders. FatPipe is offering a six-workshop series called “What type of leader are you?” and WESST’s Rio Rancho center will host virtually “Position Expectations,” a workshop to help business owners and managers provide clarity to employees and team members.

Continue reading

WE Mean Business Coming to a Device Near You

Arrowhead Center at New Mexico State University and WESST want women entrepreneurs (WE) to have the support they need to start and build their businesses. The two business development organizations have teamed up to offer WE Mean Business, a women’s entrepreneurship conference that will be held virtually from 1:00 pm to 5:00 pm on November 17.

Continue reading

WESST Helps Hobbyists Become Business Owners

Photo by @courtneymcook

According to Brad Crowson, a former regional program coordinator at WESST, more than 70 percent of business registrations in Rio Rancho are for home-based businesses. Crowson, who worked one-on-one with new and aspiring small-business owners as a consultant for the nonprofit business development organization, believes the home-based business trend is supported by the widespread availability of high-speed internet, among other factors.

“It’s also, in most cases, fairly low-risk financially and offers significant upside potential for both personal fulfillment and income generation — not to mention terrific tax benefits if structured properly,” Crowson said in a recent WESST blog post.

Many people engage in home-based hobby activities that turn into a source of income; however, to claim tax benefits referred to by Crowson, individuals must demonstrate to the Internal Revenue Service that their activities are intended to make a profit.

Continue reading

What is an Entrepreneur?

According to Lorena Schott, entrepreneurs pop up in all types of industries and can have widely different backgrounds. “Really anyone can be an entrepreneur, given the idea and the right tools to develop it into a functional business,” she said.

Schott should know. The director of marketing communications at WESST has met thousands of entrepreneurs since joining the business development organization in 2009. WESST is a nonprofit organization that offers business consulting, workshops, financial resources, business incubation, and support to help entrepreneurs start and grow a business.

“An entrepreneur is someone who sees a need and takes on the financial risk to start a business to fill that need,” she said in a WESST blog post. “It may sound vague, but that’s the point; there is no cookie-cutter entrepreneur…”

Schott contrasts the ‘classic’ entrepreneur — someone who creates a business like a new restaurant or a tech start-up — with today’s entrepreneurs. “There has been a shift in the global job market that has opened the door for entrepreneurship to become more mainstream,” she said.

Continue reading

Wesst’s WBCs Support Women Entrepreneurs

Celebrations of women’s accomplishments during Women’s History Month are incomplete without also celebrating the organizations that support women in their endeavors. The business development organization WESST supports women by offering services specifically designed for women entrepreneurs under a program developed by the U.S. Small Business Administration. While WESST offers its services to people of every gender identification, its seven offices are SBA-designated Women’s Business Centers.

Continue reading

An Entrepreneurial Playground

Entrepreneurs are fond of saying that starting their business was the most fun they’ve ever had and the hardest thing they’ve ever done. Several events in the coming weeks aim to offer some fun as they provide the resources, support, and entrepreneurial networks that offer startup business owners a solid foundation.

Continue reading