WESST BLOG
Congratulations, Agnes! December 5, 2024 Agnes Noonan Retirement Celebration
On December 5, 2024, we gathered with friends from far and wide to celebrate the retirement of WESST’s President of 33 years, Agnes Noonan. Agnes is a visionary nonprofit leader in our community and a trailblazer for women and all New Mexicans who want to start and grow a small business. The WESST Enterprise Center was filled with people who have been inspired and impacted by Agnes’s leadership. We were thrilled to welcome many community leaders and friends of WESST and Agnes who shared stories and well wishes at the retirement celebration, including the…
How to Find the Right Loan for Your Small Business
Looking for funds to start a small business? Need capital to expand an existing one? If the answer is “yes,” the next step for many owners is a trip to their local bank to secure…
Find a Fresh Perspective and Get Your Business Back on Track
Sometimes the answer to a small business problem is looking right at you—but you just can’t see it. That’s when WESST Regional Manager Clint Reecer tells owners it’s time to get a fresh perspective.
Are credit cards, personal loans and other debts cutting into your profits?
If you’re using debt products like this for your business, your best bet is to pay them down as quickly as possible, and then close the accounts when they are paid off.
Three New Year Resolutions Business Owners Should Keep
As the New Year begins, many entrepreneurs are thinking about what their business can do better in 2015. While each individual business has different improvements they are able to make, here are three universally applicable “New Year’s Resolutions” every business owner should make a point to keep.
Plan For ‘Seasonality’ is Foundation for Business Success
Just like the vendors that come and go with the Balloon Fiesta, many businesses experience months of both high and low sales volume depending on the time of year. This concept is referred to as the “seasonality of sales,” and planning for it accurately is a critical component of successful business ownership.
Part 4: 10 Items You Won’t Easily Learn About When You Register a Business in NM
One of the most difficult and complicated facets of owning a business is addressing employee issues. Aside from the entire Human Resources function, payroll reporting can be complex and costly. Before ever writing that first employee’s payroll check, business owners should confirm and identify that the person working for them is considered an “employee” under federal statutory guidelines.
Part 3: Ten Tax Tips to Know When You Register a Business in New Mexico
In Part 3 of our 4-part series, REDW covers an additional 2 of the 10 items to be aware of when registering a business in New Mexico: Schedule C mismatch audits and Cash basis vs. Accrual basis reporting.
Part 2: Ten Tax Tips to Know When You Register a Business in New Mexico
In Part 2 of our 4-part series, REDW covers an additional 3 of the 10 items to be aware of when registering a business in New Mexico: Available credits, nexus, and apportionment.
Part 1: Ten Tax Tips to Know When You Register a Business in NM
REDW will cover 3 of the 10 items to be aware of when registering a business in New Mexico: types of income not subject to NM gross receipts tax, gross receipts tax deductions, and the difference between an exemption and a deduction for CRS reporting purposes.
Budgeting Is Key To Business’ Financial Success
One of the most important tools an entrepreneur can develop for a business is a budget. Budgets allow a business owner to not only plan for expenses, but to analyze expenditures and make changes according to the needs of the enterprise.
The Best Kept Secret in Economic Development
WESST has been serving and guiding entrepreneurs for over a quarter century — taking their client’s ideas / dreams from embryonic concept to flourishing enterprises. WESST comprises one of the most intense and thorough teams of subject matter experts in New Mexico.
Proactive Management of Online Information is Crucial
In a world where someone’s opinion about your business is just a click away, it is increasingly important for entrepreneurs to control what appears about their business online. Developing a good online presence is a challenging task for many small business owners, and it requires a great deal of attention, effort and patience to maintain