NCET Biz Tips: Starting Your Nevada Business: Part 5 – Finding Money to Start Your Business
Once you know that you definitely want to start a business, and you have a plan, a description, your business name and your legal entity, you’ll want to find the money to start your business.
In Part 5 of our series, we look at the numerous funding sources that you can approach including family, friends, business partners, shareholders, lenders – both large and small – and specialty funding for disadvantaged and culturally different businesses.
Read More
How business leaders can continue sustainability efforts that were kick-started by the pandemic
When the pandemic hit, many organizations switched to full-time remote work and almost immediately there were some unexpected benefits seen around the globe.
Read More
Startup MyKar wins UNR's 10th annual Sontag Entrepreneurship Competition
MyKar is a pick-up and delivery service designed to help automobile owners, struggling from prolonged and put-off maintenance, easily solve their automotive service difficulties.
Read More
NCET Biz Tips: 3 Simple Ways to Put the Human Touch on Your Hiring Process
It’s been said that you only get one chance to make a good first impression, yet companies seem to be forgetting this very concept when it comes to their recruiting process. Job seekers are becoming more and more frustrated with their experience, often describing the hiring process as heartless, inconsiderate, and disconnected. Is that the first impression and brand image you want to convey to prospective employees?
Read More
Preparing your business for ‘recovery’ success
As the distribution and availability of the COVID vaccine increases, there is a lot of optimism and hope that much brighter days are ahead. Anyone who owns a business clearly understands how incredibly challenging it has been over the past year.
With that in mind, it makes sense for small business owners to take a moment and make sure they are well prepared for the economic recovery, which forecasters tell us is in the works.
Read More
Bevy of new coworking spaces open across region, including first-ever in Sparks
A year later, as vaccination rates rise and pandemic concerns subside, many workers are still emailing and Zooming from their kitchen tables, beds and rocking chairs. And they want a change of scenery.
Those desires are driving a renewed interest in coworking.
Read More
Paying it forward: Dragonfly Energy funds new award for student competition
Dragonfly Energy, winners of the Governor’s Cup, the Donald W. Reynolds Tri-State Governor's Cup and the UNR Sontag Competition, has created the Dragonfly Energy Innovation Award, a $10,000 prize given to the team determined to be most “innovative” in the UNR Sontag competition.
Read More
NCET Biz Tips: Ultra-pure chemicals produced here drive technology innovation
Join us for a virtual tour of AUECC, which produces chemicals that meet seemingly impossible standards for purity — they measure contamination in parts per trillion — in batches that range from small bottles to big tanks for use by technology manufacturers.
Read More
Considerations when deciding to purchase a small business
When deciding to buy a business, prospective buyers sometimes are faced with the following dilemma: Do I buy an existing business, or do I buy a new franchise?
Some of the advantages of an existing good independent business include a proven track record of sales and profits, a well-known name and location, a strong mix of products and services, a group of knowledgeable employees, and a good customer base.
Read More
Feast after Fatigue?
If anyone gets how anxiety-inducing the pandemic has been on sales professionals, it’s this group. Unless you were manufacturing PPE products or solutions, forecasting profits was a bit like being asked to build a house’s foundation on top of quicksand. But today, things feel a little bit more optimistic and, as we look at the economic signs on our horizon, it's time to realize our marketing dollars are essential.
Read More
2021 NCET Tech Awards nominations now open!
The NCET Technology Awards celebrate the Northern Nevada individuals and companies who have greatly enhanced the growth and prestige of technology community.
NCET will announce the Tech Award winners on June 5, 2021, and all winners honored at the NCET Awards Gala and Technology Showcase on Thursday, July 15 at the Reno-Sparks Convention Center.
Read More
Business Considerations with a Remote Workforce
In early 2020, hundreds of thousands of businesses had to move workers out of the office to their homes as quickly as possible in light of the COVID-19 pandemic.
Now, even as shelter-in-place restrictions have lifted for many, a large number of organizations continue to work remotely. In fact, many see telework as a potentially viable long-term solution.
Read More
Ask NCET: Company blogs and in-person meetings
Should my company have a blog? Where should I start? What do I need to know when my organization resumes in-person meetings. NCET’s panel of business and technology experts answer your questions in our monthly column.
Read More
Three Things That Drive a Performance Brand Strategy
In our experience, regardless of the industry or size of the organization, the most successful brands all have a brand strategy rooted in three things:
Truth, Simplicity and Emotion.
Read More
Lessons learned: Reno entrepreneurs share success stories due to pandemic pivots
It was mid-March 2020 and the coronavirus pandemic had just taken hold in the U.S., shutting down businesses across the country.
Here are some of many lessons a group of Northern Nevada small business owners and entrepreneurs said they learned in 2020.
Read More
Covering Your Assets: Should I kick the can on filing my tax return?
Let’s start with the good news: The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
Individual taxpayers can postpone federal income tax payments for the 2020 tax year due on April 15, 2021 to May 17, 2021, without penalties and interest, regardless of the amount owed.
This postponement applies to individual taxpayers, including individuals who pay self-employment tax.
Read More
NCET Biz Tips: Buying and Selling a Company During COVID
The COVID-19 pandemic disrupted many aspects of business in Nevada, including buying and selling companies. In the second quarter of 2020, deal activity in the U.S. – and Nevada – dropped by over 40% from an already record low first quarter of 2020 caused mainly by the uncertainties of COVID.
When COVID shut down a large part of the economy in March 2020, many deals already underway were abandoned altogether or put on hold. Doing deals in this current environment presents some unique challenges.
Read More
NCET Biz Tips: Starting Your Nevada Business: Part 4 – Which Business Entity is Right for You?
When starting or operating a business, one of the most important decisions that you will make is what type of business entity you should choose. There are four main types of business entities—the sole proprietorship, a partnership, the limited liability company (LLC), and the corporation. Each type has advantages and disadvantages depending on the circumstances.
In Part 4 of our series, we take a look at some important points to consider when determining which business entity is right for you.
Read More
One Year Later: Northern Nevada businesses reflect on industry shifts, lessons learned due to the pandemic
In March 2020, as the coronavirus pandemic shut down Nevada and the entire nation, we started bumping elbows instead of shaking hands.
One year later, the NNBW fielded responses from more than 20 business owners and executives in Northern Nevada to find out the biggest lessons they have learned since March 2020, and the biggest differences in how their industry now conducts business.
Read More
COVID-19 relief: Here’s a list of pandemic assistance programs for small businesses
The passage and signing of the American Rescue Plan Act in March kicked off another round of funding for COVID relief, which includes several assistance programs for small businesses. Here’s a list of several pandemic assistance programs for businesses, including those that provide financial assistance and forgivable loans for entrepreneurs impacted by COVID-19.
Read More