Michigan Business Startup Guides
Open a Business in Escanaba, Michigan
Need help starting a business in Escanaba, Michigan? We've got the information you need to open a business in Escanaba.
Will You Be a Good Entrepreneur?
Being an entrepreneur is difficult, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Escanaba. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.
Escanaba, Michigan Demographic Information
Escanaba has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Escanaba demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Escanaba.
Businesses
As a new Escanaba entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Escanaba 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
Is a Franchise Opportunity Right For You?
Examine a list of Escanaba businesses and you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?
Our advice is to investigate buying a franchise. We have many articles on franchises, such as Questions to Ask Franchisors. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Batteries Plus and Marsha Scott's Hair Loss Clinic For Women. Alternatively, you can browse franchise categories, such as Vending Franchises and eBay Franchises.
Note on Escanaba Franchise Opportunities: To find out if a franchise you are interested in is available in Escanaba, you will need to get in direct contact with the franchisor.
Selecting a Name For Your Venture
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
On a final note, given that you are planning on starting a business in Escanaba, it's critical that you ensure that no Michigan company has already registered the company name you have selected.
Where to Get Money to Start a Company
Obtaining startup financing for your Escanaba business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Investor Turnoffs.
For Escanaba entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Michigan Angel Investors and our List of Michigan Venture Capital Firms.
Promoting Your New Company
To grow your Escanaba business, you need a great marketing plan.
There are myriad resources on this site to help you with your marketing plan. Typical Direct Mail Response Rates is an article that will generate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
What's Next?
As an entrepreneur in Escanaba, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Escanaba and throughout the United States . 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 Escanaba, Michigan
Here are more links that we believe will help you be successful in starting a business in Escanaba.
- Resources for Escanaba, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist Escanaba 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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