High Desert Discovery District (HD3) connects entrepreneurs to seasoned business professionals to commercialize technology and create rapid-growth Continue reading
Century Bank has served the New Mexico community since 1887. With its sight on expanded growth, both financially and Continue reading
Los Alamos National Bank was established in June 1963 by a group of local investors who saw the need for Continue reading
The New Mexico Municipal League is a nonprofit, nonpartisan association representing and serving Continue reading
ISO 9000 is the state’s training program to help businesses procure the ISO 9001:2008 certification that is critical to Continue reading
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
Besides New Mexico’s certified business incubators, numerous private and non-profit incubator-style business resource Continue reading