Michigan Business Startup Guides
Start a Business in Dearborn, Michigan
Are you starting a business in Dearborn, Michigan? This article discusses the most important things to consider when opening a business in Dearborn.
Choosing the Right Company to Start
Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Finding Your Niche in Life.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Diamonds Brokers & Buyers Business guide or our How to Start a Riding Clothing & Equipment Business guide.
Don't forget that you are starting a business in Dearborn. Some businesses will do better in Dearborn than others. Only by spending some time analyzing Dearborn demographics can you decide if there will be strong demand for your business idea.
Dearborn, Michigan Demographic Information
Dearborn has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Dearborn demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Dearborn.
Businesses
As a new Dearborn entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Dearborn for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
There's one other important factor when naming a business. Since you are starting a business in Dearborn, it's very important that you make sure your company name has not already been claimed by another Michigan business.
Forming a Company in Dearborn, Michigan
It's essential that you choose the right legal structure for your new entity. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will choose from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Michigan, you don't necessarily have to incorporate in Michigan. As it turns out, you can incorporate in any state you would like to. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as C Corp Versus S Corp. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Dearborn, Michigan, our web page covering Incorporating in Michigan may be a useful resource if you decide to incorporate in Michigan.
The Role of the Business Plan
A business plan is vital in laying a solid foundation for your business success. Indeed, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read The Art of the Executive Summary. You can also get face-to-face free consulting available from your local SCORE chapter in Michigan.
Marketing Your New Company
To grow your Dearborn business, you need a solid marketing plan.
You can learn quite a bit about marketing on our site. Telemarketing Service Costs is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Dearborn or are selling to customers throughout Michigan, the United States or even the world, you have to be able to sell.
Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.
Landing Big Customers is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Interviews With Dearborn Entrepreneurs
Enjoy these interviews we've had with Dearborn entrepreneurs.
Now It's Up To You
You have a dream -- starting a business in Dearborn. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
We are here to help Dearborn businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Dearborn, Michigan
Here are more links that we believe will help you be successful in starting a business in Dearborn.
- Resources for Dearborn, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist Dearborn entrepreneurs.
- Michigan Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Michigan.
- Michigan Small Business Development Center - This organization supports 12 regional offices and over 30 satellite offices, each providing counseling and training to Michigan small business owners and entrepreneurs throughout the 83 counties in Michigan. Services to entrepreneurs are offered through a cooperative agreement with the U.S. Small Business Administration.
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