Sandoval Signpost

An Independent Monthly Newspaper Serving the Community since 1988

 
Business

Ted TrujilloTed Trujillo, Director, UNM-Los Alamos Sandoval County Small Business Development Center

Local small business advocate honored

Theodore “Ted” Trujillo has been named 2010 State Star of the New Mexico Small Business Development Center (NMSBDC) network—the year’s outstanding staff member from the state’s 20 small business development centers (SBDCs). Trujillo is the director of the Sandoval County SBDC, hosted by the University of New Mexico (UNM)-Los Alamos. J. Roy Miller, NMSBDC state director, said, “Ted has been outstanding in growing a high quality SBDC program in his community.”

An Albuquerque native, Ted Trujillo graduated from UNM with a degree in mechanical engineering and earned an M.B.A. from Arizona State University. He is a 28-year veteran of AT&T and Lucent Technologies, where he oversaw 600 employees producing over one million cables a week. Assigned to business development, he marketed AT&T products to the Rural Electrification Authority, the U.S. Air Force, Underwriters Laboratories, and the Canadian Standards Authority. As director of AT&T’s Latin American division in Miami, he negotiated the first AT&T joint venture in Latin America, building a $20 million cable plant in Venezuela. Trujillo served on a team that went from zero to over $1 billion in sales in six years. 

Retiring from Lucent, Trujillo moved back to New Mexico to be closer to his family. For one year, he ran an electrical manufacturing firm, producing electroplating equipment and shipping products to Europe, Asia, and Mexico, as well as the United States. Trujillo came to the Sandoval County SBDC in October 2006 following the death of Nancy, his wife of 32 years. He began his SBDC career as a business advisor and was promoted to director in April 2008. 

Trujillo served on the board of directors of the Arizona State University Hispanic Mother/Daughter Program that encourages students to pursue their high school diplomas and beyond. He accepted a Point of Light Award for the organization at the White House in 1989. 

Trujillo has two daughters, Beth and Sara, and he enjoys reading, fishing, hunting, and going for 40 or 50-mile bike rides. 

At present, the Sandoval County SBDC is servicing 25+ clients a month. “In this business environment,” Trujillo counsels, “you have to select a niche for a business that you know well, not just one that appeals to you. The economic turnaround is slowly starting to happen, but one must plan carefully with in-depth research and good counsel, and one must commit to the long haul.”

Among Trujillo’s clients at the SBDC, Richard Molina and Fred Watson of Molina/Watson Dental Technologies say that the SBDC not only helped them organize and set the direction of their business, but also helped with expanding their business when they outgrew their initial manufacturing space.

Chef Kevin Bladergroen of Blades Bistro in Placitas credits the Sandoval County SBDC as a major factor in the success of the restaurant he co-owns with his wife Anja. Chef Bladergroen describes the personal attention he and his wife receive at the SBDC as “fabulous! I recommend the SBDC to anyone wanting to start a new business, as they have a wide range of knowledge that is essential for business owners. The quality of the service and attention they give is excellent.”

Ray Vigil of Casa Abril Vineyards said, “We are just now about to open with our state licensure completed, and Ted guided us from our start-up days. The SBDC provided an awareness of what going into business means.”

For help in creating or growing a small business, the Bernalillo SBDC can be reached at (505) 867-5066. For the small business development center nearest you, go to www.nmsbdc.org, or call (800) 281-SBDC (800-281-7232).


The financial challenges of divorce

—Jason Alderman

Even in a strong economy, divorce is often difficult and costly; but in a prolonged recession, it can be financially devastating. For example, suppose that:

  • Neither spouse can afford to buy out the other, and you’re forced to sell the house at a loss—or even go into foreclosure.
  • One of you has been unemployed for a prolonged period, and you’ve run up major debt.
  • One or both of you have difficulty finding independent, affordable health insurance.
  • The retirement and investment accounts you’ve accumulated together and now must divide have lost significant value.

Even in an uncontested divorce, recovering from any of these scenarios would be difficult. But if your divorce is acrimonious, additional legal fees could leave you further in the hole.

Here are some important financial issues to consider when you separate:

  • Do-it-yourself divorce kits are widely available, but even couples with few assets who part amicably still need capable representation. That may mean hiring an attorney who specializes in divorce to at least review your paperwork and make sure you haven’t overlooked anything you might later regret.
  • To avoid a conflict of interest, you should each have your own attorney. Ask friends for recommendations, including those who have recently divorced. Ask attorneys you know who specialize in other areas if they can recommend a good divorce attorney. Another resource is the American Bar Association (www.abanet.org under Public Resources), which has a state-by-state search engine for finding legal help.
  • You may also want to consult a financial planner for advice on how to fairly divide property whose value has escalated (or plummeted), calculate child support, and ensure you’re sufficiently insured, as well as explain Social Security and retirement plan implications.
  • A good financial planner could save you money in the long run by helping to avoid prolonged court battles and mapping out a plan for future financial security. If you don’t know one, good resources are the Financial Planning Association (www.fpaforfinancialplanning.org) and the Institute for Divorce Financial Analysts (www.institutedfa.com.).
  • To protect your credit status, close joint bank or credit card accounts, and open new ones in your own name; otherwise, an economically struggling or vindictive ex-spouse could amass debt in your name and ruin your credit. Be sure all closed accounts are paid off, even if you must transfer balances to your new account and pay them yourself. That’s because late or unmade payments by either party on a joint account—open or closed—will damage both of your credit scores.

Check your credit reports before, during, and after the divorce to make sure you’re aware of all outstanding debts and to ensure that all joint accounts were properly closed. The three major credit bureaus—Equifax, Experian, and TransUnion—don’t always list the same accounts, so to be safe, order reports from each. You can order one free credit report annually from each through www.annualcreditreport.com or more frequently for a small fee from each bureau.

For additional financial considerations related to divorce, visit Practical Money Skills for Life, Visa Inc.’s free personal financial management site at www.practicalmoneyskills.com/divorce.

Don’t get caught up in the emotional turmoil of divorce and forget to protect your future financial interests.

 

     

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