Michigan Business Startup Guides
Opening a Business in Farmington, Michigan
Contemplating starting a business in Farmington, Michigan? We walk you through the process of opening a business in Farmington.
Do You Have Entrepreneurial Drive and Passion?
Before you get too far along in the process, take inventory of your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Farmington. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Farmington, Michigan Demographic Information
Farmington has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Farmington demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Farmington.
Businesses
As a new Farmington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Farmington 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?
Browse the Yellow Pages for Farmington and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
We advise the entrepreneurs we work with to look into purchasing a franchise. We have many articles on franchises, such as Before Buying a Franchise. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include TruePresence and Disaster Kleenup. Alternatively, you can browse franchise categories, such as Carpet Care Franchises and Deli Restaurant Franchises.
Note on Farmington Franchise Opportunities: To find out if a franchise you are interested in is available in Farmington, you will need to get in direct contact with the franchisor.
Naming the Business
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
As a final piece of advice, remember that because you are planning on starting a business in Farmington, it's very important that you make sure 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 Farmington business requires strong organization skills and perseverance. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Angel Investors.
For Farmington entrepreneurs who want to raise money for a new venture, check out our List of Michigan Angel Investors and our List of Michigan Venture Capital Firms.
Promoting Your New Company
To grow your Farmington business, having an excellent marketing plan is fundamental to your business achieving its goals.
There are myriad resources on this site to help you with your marketing plan. Advertising Campaigns 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.
Improving Your Entrepreneurial Skillset
Successful entrepreneurs recognize that they need to continually improve.
With your business being located in Farmington, Michigan, you should investigate some of the many programs available at nearby Michigan universities, colleges and community colleges. Another way to keep up on your entrepreneurial education is to investigate networking groups or organizations in which Farmington entrepreneurs get together to network and trade their business experiences.
Farmington Entrepreneur Interviews
We're compiling a number of interviews with Farmington entrepreneurs. Enjoy!
Now It's Up To You
You have a dream -- starting a business in Farmington. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Farmington and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Farmington, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Farmington, Michigan
Here are more links that we believe will help you be successful in starting a business in Farmington.
- Resources for Farmington, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist Farmington 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.
More Business Startup Guides for Michigan
Starting a Business in Escanaba
Starting a Business in Farmington Hills
Browse All Business Startup Guides for Michigan
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs