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Hidalgo County Herald
Lordsburg, New Mexico
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September 24, 2010     Hidalgo County Herald
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HIDALGO COUNTY HERALD FRIDAY, SEPTEMBER 24, 2010 3 SBDC Report t New ownership stressed busin can save some recession- Submitted by SBDOlSilver City Check for a pulse((Due dill- Sometimes opportunity, gence is especially critical when lurks where others have had bad buying an existing business that luck. has ceased to make money for its A floundering business may owner• A potential new owner be for sale due to a variety of ills. must be confident that the busi- The savvy buyer will examine ness can be viable and profitable each element closely to see if new given the right leadership, and leadership might turn things that requires a close inspection around and provide future prof- of the business and the industry its. John E. Barraclough, Jr. in which it operates. of Barraclough & Associates The first documents to re- RC. tells you how to pick a prom- view are balance sheets, income ising investment in this week's statements and cash flow state- article, ments for at least five years back. Recessions tend to stress-test Papers to review are tax rettirns many businesses. When financ- (including income, payroll and ing is tight and customers are gross receipts tax), accounts re- pinching pennies, a business that ceivable and payable, property or was treading water despite poor equipment leases, labor and sup- management, chaotic cash flow ply contracts and warranties. or short-term planning might find These documents can reveal not itself going under. In some cases, only the money going in and out the problems are insurmountable, of a business, but they also tell a and the owner is forced to sell or story of business decisions -- close a business, some good, some fatally unwise. As long as the failure wasn't It might be that the business due to industry-wide crises, such was doomed no matter who was as depletion of raw materials or a in charge. It might have been massive turn away from a prod- based on an industry that's on its uct or service, one businessman's way out or very sensitive to glo- failure can be another's success, bal economies. But if the indus- In fact, an entrepreneur with a try is vitaland growth is possible, sharp head for bt/siness can find the buyer should analyze where many opportunities in a sluggish it stands and what can be done to economy to turn a poorly run grab a larger'share of its market. company into a profitable ven- Assets to look for((Clients, ture. employees, equipment and inven- Burt recognized for efforts Billy Burt was recently presented with a Supreme Chancellor's Certificate of Honor from the Knights of Pythias for hiS outstand- ing devotion to duty and Pythian ideals performed with enthusi- asm and zeal. Over the years, Burt has been involved in various community activities, including veteran flag placement on gravesites and organization of the annual Easter Egg Hunt. Burt is pictured above with his certificate. DECLARATIONS OF CANDIDACY DECLARAT ONS OF CAND DACY I, Lloyd V. Payne, hereby announce my candidacy for re-election to the office of Hidalgo County Probate Judge. Lloyd V. Payne I, David A. Ramos, hereby announce my candidacy to the office of County Commissioner Position 1. Your vote and support in the November 2, 2010 General Election will be appreciated• Thank You and Muchas Gracias. David A. Ramos I, Jody Hatch, hereby announce my Republican candidacy to the office of Hidalgo County Assessor. Your votes of support are appreci- ated. Jody Hatch I, Saturnin0 "Nino" Madero, would like to announce my Demo- cratic Candidacy for Hidalgo County Sheriff• I have been the Under Sheriff for Hidalgo County for the past eight years. As a secondary career I am a Certified School Bus Safety Inspector for the State of New Mexico since 1996, performing School Bus Safety Inspections throughout the state. I have been a Firearms Instructor since 1994 and , HERALDHidalg°County " New Mexico Press ii!1 Association Member Hidalgo County Herald (USPS 020697) is published weekly by Hidalgo County Herald in the City of Lordsburg, County of Hidalgo, 212 E. Motel Drive, Suite B, Lordsburg, New Mexico 88045-1948, 52 issues a year. Subscription rates vary. Subscription rate is $30 per year. Requests for corrections and (~omplaints concerning news and editorial content of the Hidalgo County Herald should be di- rected to the editor. For further information on the Hidalgo County Herald's approved grievance policies, readers may contact the pub- Usher. Any unsolicited manuscripts become the property of the Hidalgo County Herald and will not be returned. All information con- tained herein is copyrighted 2010 by the Hidalgo County Herald. All photos/stories, unless stated, are written by our staff. POSTMAS- TER: Send address changes to Hidalgo County Herald, 212 E. Mo- tel Drive, Suite B, Lordsburg, NM 88045-1948. Periodicals Postage Paid at Lordsburg, New Mexico. PUBLIsHER/EDITOR: Brenda Hood ADVERTISING MANAGER: Glenda Greene PHONE: 575-542-8705 FAX: 575-542-8704 E-MAIL hcherald @aznex.net tory are among the assets that warrant close inspection when buying a failing business.- If the company has a small client list, it could be that little effort was made to build it through marketing or competitive efforts. If the client base is diversified and extensive, the potential buyer will want to know how the business failed in spite of this. A survey of clients would yield critical infor- mation about the long-term pros- pects for a business under new ownership. A prospective new owner should assess the skills and am- bitions of the ~business's workforce and decide who to keep and on what terms. Many who work for a failing business will be demoralized and under- standably anxious about their job security, but face-to-face meet- ings with some or all employees can reveal much about past man- agement of a company and could identify leaders and problem solvers who might blossom un- der new management. The more tangible assets of a business -- the equipment, building and inventory -- should be inspected before a purchase. The prospective buyer will want inventory that is marketable, equipment that works and a building that is well maintained. If the business is leasing its head- quarters, the prospective owner should discuss with the property owner a new lease or sublease that allows the business to stay put under stable and favorable teroa, s. Another set of eyes((Before buying a faltering business, an entrepreneur should hire a quali- fied CPA and lawyer to review all terms of the purchase and all fi- nancial records, contracts, leases and other agreements. The clos- ing attorney should search tax liens for possible encumbrances against the business's assets. The Western New'Mexico UniVersity Small Business Devel- opment Center (SBDC) is not a lending agency, but offers other assistance to entrepreneurs who are starting a business or wanting to expand an existing business. These services are available at no cost. Call 538-6320 for an ap- pointment with a business advi- sor, or email sbdc@wnmu.edu. The SBDC office is located on the second floor of the Besse-For- ward Global Resource Center on 12th Street. More information may be found at www.nmsbdc.com/silvercity/ index.html. Contact the SBDC office for information about these work- shops: September 27 - " Jour- ney to Financial Security" October 27 "Gross ~Receipts Tax Reporting" Denish Visits withDiane members of the Lordsburg ish KnightSvisits of Columbus while at the annual bU Bazaar. 1 whil Submitted by the ~IDALGO COUNTY DEMOCRATIC PARTY Diane Denish made her way into Lordsburg on Saturday Sep- tember 18, 2010 to visit with the local Democratic Party and to support the Knights of Columbus Annual Bazaar to benefit the St. Joseph's Catholic Church. She joined Democratic Party Chair Robert C. Parra and Attorney General Gary King at the event to meet' with residents, Demo- cratic Party members and candi- dates. Lt Governor Denish met with long standing members of the community, including Veteran Manuel Renteria, (pictured be- low)i She walked the festival for over an hour and shook hands with supporters, elders, and chil- dren, as well as hearing about the issues of the community. Chair- man~ Parra said that although Hidalgo County does not have the population of the larger New Mexico communities, the Diane at present 1 also instruct Survival Spanish to the cadets' at Western New Mexico University. Prior to that I have worked for the Motor Transportation Department, the Lordsburg Police Department and started my career with the Hidalgo County Sheriff's Department as a Detention Officer 22 years ago. I have been a big part in appropriat- ing grants and programs that have boosted equipment and vehicles that the Sheriff's Department has today. Your vote on November 2, 2010 will be greatly appreciated. Saturnino "Nino" Madero I, Mark Thomas, hereby, announce my candidacy to the office of Magistrate Judge. Your support in the November 2, 2010 General Election will be appreciated. Mark Thomas I, Warren D. Walter, Republican, announce my candidacy to the office of Hidalgo County Sheriff• Your votes of support in the Novem- ber 2, 2010 General Election will be appreciated. Warren D. Walter I, I2arry R Martinez, hereby declare my candidacy to the office of • Hidalgo County Commissioner, Position 2. The future of Hidalgo County is based on: • Our Children - Economic Growth • Education • Government transparency with spending • Opportunity for jobs with work ethics Your support in the upcoming November 2nd 2010 General Election will be greatly appreciated Larry P. Martinez I, Dart Reynolds Shannon, a Republican hereby declare my can- didacy to the office of Hidalgo County Commissioner, Position 2. Your vote of support during the November 2, 2010 General Election will be very much appreciated. Darr Reynolds Shannon on the cam I, Ed Kerr, ask for your vote for Hidalgo County Commissioner Position 1 in the November general election this fall; Ed Kerr I, Nyla Dawn Walter, Republican, declare my candidacy for Mag- istrate Judge of Hidalgo County. I respectfully request your vote in the General Election, November 2, 2010. I will honor your support with honesty and fairness. Nyla Dawn Walter n trail Denish campaign made it clear but that it is also interested in on Saturday that it realizes, not hearing about issues voters face just that every vote is important, every day. Veteran Manuel Renteria and Denish. FUNERAL. .... HOME:i 408 Main Street • Lordsburg, NM 88045 (575) 542,9444 Harry Bright/Owner c 'S - O; Cremations and Monuments Grant o Luna, Hidalgo ° Catr0n Counties I, Theodoro V. "Chopo" Castillo, hereby announce my candi- dacy to the office of Hidalgo County Assessor. Your support in the November General Electionwill be very much appreciated. Theodoro V. Castillo paid by candidates Largest Invent0ry of Check out these great ed 1995 Ford F-250 2008 Ford Edge 2007 Ford F-150 2000 Ford Expedition 2003 Ford F-350 2007 Ford Explorer Sport Trac 2008 Ford F.250 4x4 2007 F0rd Expedition 2008 F0rd F-350 Diesel 2009 Ford Escape 2000 Chrysler Concorde 2010 Ford Flex 2010 Ford Focus-Like New 542-3551 FORD INC. 4l'r'.l~ole]Drive, l.erdsburg, N,