Minority entrepreneurs, like any other business owners, face numerous challenges in getting a start-up company off the ground or growing an existing venture. In all enterprises, access to available capital – to begin or to expand – is always arduous. When ethnicity is factored in, minority business operators are presented with a unique set of circumstances. A sampling of … [Read more...] about The New Face of Nevada: Minority-Owned Businesses Succeed in the Silver State

What would you do if someone made you an offer to purchase your business? Even if you’re not interested in selling right now, it’s wise to know what your business is worth. You never know when a lucrative offer may come your way. Or, more important, if you are interested in selling, knowing the true value of your company can help you recognize an offer that may be too low. The … [Read more...] about Know the True Value of Your Business — Even if It Isn’t for Sale

Employees know they have rights in the workplace and are not hesitant to exercise those rights, as is evidenced by the increase in the number of charges of discrimination and lawsuits filed. As employers, you have rights, too (i.e., the right to terminate your employees’ at-will employment at any time for any reason, so long as the reason is not illegal). Not all employers, … [Read more...] about Employer Beware: Top Ten Legal Mistakes to Avoid

Editor’s Note: Nevada Business Journal asked State Treasurer Brian Krolicki to answer the question: "What’s ahead for the Millennium Scholarship program?" In 2000, young Nevadans for the first time became eligible to receive a state-sponsored scholarship to attend an in-state college or university of their choice. The Millennium Scholarship Program gives the opportunity of … [Read more...] about Nevada’s Millennium Scholarship Program: Facing Future Challenges

Meeting the unique healthcare needs of a rural community is, at best, difficult. Elko General Hospital, which first opened in 1921 in central Elko, had been enlarged and remodeled several times, but the need for a larger, updated facility became more apparent with each passing year. To meet this challenge, in 1998 Elko County sold the old brick building to Brentwood, … [Read more...] about Meeting the Challenges of Rural Healthcare: NNRH Serves Elko County

Notwithstanding the slower economy and weak venture capital and stock markets, Nevada is loaded with highly successful family-owned businesses approaching critical decision points. These decision points may arise from shifts in management or ownership to the next generation, retirement, need for capital to expand or remain competitive, or desire to diversify the family assets … [Read more...] about So You Want To Do A Deal … A Checklist for Business Owners

No, the U.S. Navy’s Third Fleet is not conducting a warehouse sale on the shores of Walker Lake, but the number of automobiles, trucks, vans and other service vehicles delivered as fleet sales by Nevada’s auto dealerships is on the rise in most areas of the state. "Every year for the last 10 years, business has been growing and growing," said Fleet and Commercial Sales … [Read more...] about Cars – Cheaper By the Dozen? Nevada’s Fleet Sales Climbing

Colonial Bank, a subsidiary of The Colonial BancGroup, Inc., has strategically expanded its presence in Nevada as a part of a long-term strategy of sustained, controlled, qualitative growth. Colonial came to Nevada five years ago, when it acquired Commercial Bank in Las Vegas and Interwest Bank of Reno. Two years later, Colonial acquired two locations from Wells Fargo that … [Read more...] about Colonial Bank: Expanding to Better Serve Nevada

You’re the program manager for a corporation or an entrepreneur setting out to establish your own business, and you need a facility. You’re faced with a potential headache that two aspirin won’t cure quickly: building it. Interview, interview, interview. Never go out with an architect and a set of architectural drawings and simply sign up the lowest-priced bidder. Doing your … [Read more...] about Choosing a Contractor: Look Before You Leap

Jacob Snow, general manager of the Regional Transportation Commission of Clark County and his counterpart, Greg Krauss, executive director of the Regional Transportation Commission of Washoe County, are not lacking work. Nevada is a hotbed of activity on the transportation front, with projects funded by state and local government, federal resources and private entities as the … [Read more...] about Keeping Nevada Moving: Transportation Projects Transform Silver State

In hopes of adding commercial customers in the private sector to its long list of public-sector clients, Target General Inc. of Nevada (TGI) changed its name to CORE Construction on November 3. The company believes the name change will eliminate the confusion revolving around TGI’s relationship with its five sister companies, and should lead to more private commercial … [Read more...] about Building Off a Name: Target General Becomes CORE Construction