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Simply put, there is no one-size-fits-all answer. A confluence of factors affects when your business might sell, and it’s best to go in this process with realistic expectations. There are things outside of your control, but there are also actions that you can take before you list that will help you better the odds. What Are the Market Conditions? The market is dynamic and variable as demonstrated by the past few years. When the global pandemic shut...

24 February, 2023

Santa Fe Restaurant Week kicks off on February 20th and lasts through March 3rd.  After a two-year hiatus, this popular annual event resumes with 31 restaurants participating. Anchoring Santa Fe's winter schedule, it's an opportunity for local chefs to showcase their talents with prix fixe dinners and lunches. Featuring a range of price points, Santa Fe foodies as well as those just looking to socialize with friends get to partake in a range of cuisines...

13 February, 2023

American data-scientist, author and New York Times' op-ed contributor Seth Stephens-Davidowitz just came out with his latest book Don't Trust Your Gut (Harper Collins, May 2022). Subtitled "Using Data to Get What You Really Want in Life," Stephens-Davidowitz pours through scholarly research on dating profiles, tax records, career trajectories and other massive troves of data to answer the age-old question: What Makes Us Happy? Stephens-Davidowitz answers are surprising and counter-intuitive. Relevant to buying and selling businesses...

17 May, 2022

Dominating this week’s Albuquerque business news is The Orion Center, a proposed satellite assembling and testing plant. The major multi-million-dollar deal is currently in negotiations between the Theia Group Inc. and the city. Current plans call for the campus hosting 1,000 workers with plans to ultimately grow to 2,500. "The Orion Center has the potential to be a game-changing partnership for our city’s aerospace and tech sector,” Albuquerque Mayor Tim Keller said in a statement last...

09 April, 2021

Facebook's data center in Los Lunas is looking to the double in size. The operation, which stores data for Facebook's social media sites such as WhatsApp, Instagram, and Facebook, opened in early 2019. It currently comprises three fully-operational buildings, a fourth due to come online shortly, and two more currently under construction. Under this new proposal, the center could expand by a total of six new additional buildings, with plans to build two by 2023. Through its...

20 February, 2021

“It’s the COVID effect,” Duran said [Stephanie Duran, an associate broker with Barker Realty]. “People have been realizing they don’t need to be at the office. They can live anywhere. At the same time, they are fleeing higher density. Instead of just retiring to Santa Fe, they can live in Santa Fe now instead of having a multidecade dream of living here.” Demand for homes in Santa Fe continues at a fast pace, drawing homebuyers from...

13 January, 2021

You shouldn’t expect to sell your company overnight.  For every company that sells quickly, there are a hundred that take many months or even years to sell.  Having the correct mindset and understanding of what you must do ahead of time to prepare for the sale of your company will help you avoid a range of headaches and dramatically increase your overall chances of success. First, and arguably most importantly, you must have the right frame...

16 December, 2020

[caption id="" align="alignleft" width="365"] Recently constructed, SpinLaunch's 10,000 square foot Integration Facility and Mission Control at Spaceport America[/caption] A company that is developing and testing a mass accelerator with the aim of launching satellites into space orbit, using kinetic energy instead of rockets, is expanding at New Mexico’s Spaceport America, Cabinet Secretary Alicia J. Keyes announced today. SpinLaunch signed a lease at Spaceport America in 2019 and has since invested in test facilities and an integration facility....

15 December, 2020

ARTICLE BY: NAOMI JOHNSON If you are a small business owner, chances are you’ve never experienced anything quite like the challenges created by the pandemic. Maybe your business has been closed since March, or maybe you’ve been allowed to reopen at a limited capacity. Whatever the circumstances, it’s essential to prepare for the future—a future where your business is up and running, whether it’s at full capacity or not. For you to be adequately prepared, not only...

04 December, 2020

Pledges $1 Billion Investment and Additional 1,000 Jobs Today, New Mexico Governor Michelle Lujan Grisham and Albuquerque Mayor Tim Keller together with Netflix Co-CEO Ted Sarandos announced that Netflix, the world’s leading internet entertainment service, plans to boost its presence in the state by expanding ABQ Studios and committing to an additional $1 billion in production spend. The expansion will add 300 acres to the company’s existing space at ABQ Studios, located in Albuquerque’s Mesa Del Sol...

23 November, 2020

The Santa Fe Chamber of Commerce hosts the 5th Annual Women’s Leadership Luncheon this month. The virtual event will gather, support, and celebrate New Mexico’s inspiring women entrepreneurs throughout November. The remarkably apt theme this year is agility. The combined weight of personal and professional challenges during the pandemic has fallen especially heavily on the shoulders of women. Women have experienced job losses at a higher rate than men during 2020. "Women-owned businesses are also struggling,"...

02 November, 2020

The New Mexico MainStreet (NMMS) program announced today that six districts are using ‘Cash Mob’ virtual events to support local businesses during the pandemic and upcoming holiday season. Events are hosted on Facebook Live where participants bid on items, arrange payment and socialize during the fun two-hour session. Lively hosts entertain and educate as they sell items and encourage viewers to shop locally to contribute to their communities. This year, ‘Cash Mob’ has helped businesses...

30 October, 2020

The State of New Mexico's Job Training Incentive Program (JTIP) Board has awarded 18 companies with over $5.5 million during September and October 2020, in support of 803 new jobs, Economic Development Department Cabinet Secretary Alicia J. Keyes announced today The September awards totaled $3.6 million for 672 trainees and 1 intern, with another $1.9 million for 129 trainees and 1 intern awarded in October. Average salaries for trainees ranged from $11.62 to $69.71 per hour, with...

27 October, 2020

A recent Economist article titled "Countering the Tyranny of the Clock" explores our changing relations to time as work becomes more flexible. A little philosophical? In fact, it's super pragmatic! "Flexible working existed well before the pandemic. But it only offered employees the ability to choose when in the day they worked their allotted hours," writes Bartleby. "Remote working has brought a greater degree of freedom." Rather than an unraveling of work ethic when work is removed...

20 October, 2020

Creating a positive online customer experience has been catapulted into top priority status by the pandemic. We have written lately about a recent survey-based study titled “The New Reality: Understanding the Retail Consumer Experience During a Pandemic.” In it, Wharton Marketing Professor Thomas Robertson finds “about a 10% increase in problems from before the pandemic to the middle of May, with some decrease in loyalty. As the percentage of online sales was going up, many...

13 October, 2020