August 3, 2020  
 
  Entrepreneurial Resources - Advice for Michigan Entrepreneurs  
  Grand Ledge, Michigan Resources for Entrepreneurs  
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Start a Business in Grand Ledge, Michigan

Are you starting a business in Grand Ledge, Michigan? This article discusses the most important things to consider when opening a business in Grand Ledge.

Is Becoming an Entrepreneur Right for You?

Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.

To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:

  • Reach out to other entrepreneurs in Grand Ledge. Get their take on what it's really like to be an entrepreneur.
  • Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
  • Seek the advice of somebody who knows you well. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

What Type of Business Should You Start?

There are many businesses that you can start. How do you know which type of business is right for you? If you are struggling with what type of business to start, read Business Ideas That Don't Make Sense.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Factory Outlet Store guide or our Opening an Income Tax Service guide.

Don't forget that Grand Ledge is the place where you are starting a business. If Grand Ledge already has plenty of the kind of business you want to start, you might want to change your plans. Study Grand Ledge demographics and do a competitive analysis as part of your startup planning process.

Grand Ledge, Michigan Demographic Information

Grand Ledge has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Grand Ledge demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Grand Ledge.

Business Size# of
Businesses
1-4 Employees 652
5-9 Employees 204
10-19 Employees 138
20-49 Employees 60
50-99 Employees 15
100-249 Employees 15
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Grand Ledge Businesses 1084

As a new Grand Ledge entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Grand Ledge 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.

Business Type # of
Businesses
Advertising Agencies 2
Amusement Arcades 1
Art Dealers 1
Automobile Manufacturing 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 1
Beauty Salons 5
Beer, Wine, and Liquor Stores 1
Building Inspection Services 1
Business Associations 1
Car Washes 2
Carpet and Upholstery Cleaning Services 1
Caterers 2
Child Day Care Services 5
Civic and Social Organizations 2
Claims Adjusting 1
Collection Agencies 1
Commercial Lithographic Printing 1
Computer Systems Design Services 1
Convenience Stores 3
Credit Unions 1
Custom Computer Programming Services 1
Document Preparation Services 2
Drinking Places (Alcoholic Beverages) 2
Electrical Contractors 4
Elementary and Secondary Schools 1
Employment Placement Agencies 1
Engineering Services 1
Exam Preparation and Tutoring 1
Farm Supplies Merchant Wholesalers 2
Finish Carpentry Contractors 6
Fitness and Recreational Sports Centers 2
Floor Covering Stores 2
Florists 1
Food Service Contractors 1
Framing Contractors 4
Full-Service Restaurants 5
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 1
General Automotive Repair 3
General Freight Trucking, Local 1
General Rental Centers 1
Gift, Novelty, and Souvenir Stores 4
Golf Courses and Country Clubs 2
Hardware Merchant Wholesalers 1
Hardware Stores 3
Hobby, Toy, and Game Stores 1
Home Centers 1
Homes for the Elderly 1
Human Rights Organizations 1
Insurance Agencies and Brokerages 12
Janitorial Services 1
Land Subdivision 1
Landscaping Services 11
Lessors of Other Real Estate Property 2
Libraries and Archives 1
Limited-Service Restaurants 12
Logging 2
Machine Shops 1
Masonry Contractors 4
Metal Heat Treating 1
Motion Picture and Video Production 1
Motorcycle Dealers 1
New Car Dealers 2
New Housing Operative Builders 3
Office Administrative Services 1
Offices of Certified Public Accountants 4
Offices of Chiropractors 4
Offices of Dentists 10
Offices of Lawyers 7
Offices of Real Estate Appraisers 3
Outdoor Power Equipment Stores 1
Painting and Wall Covering Contractors 1
Payroll Services 1
Pet and Pet Supplies Stores 1
Pharmacies and Drug Stores 3
Photography Studios, Portrait 1
Professional Employer Organizations 3
Real Estate Credit 1
Recreational Goods Rental 1
Residential Remodelers 10
Roofing Contractors 3
Sales Financing 1
Savings Institutions 3
Securities Brokerage 5
Sheet Metal Work Manufacturing 1
Site Preparation Contractors 2
Snack and Nonalcoholic Beverage Bars 5
Tax Preparation Services 1
Title Abstract and Settlement Offices 1
Tour Operators 1
Travel Agencies 2
Used Merchandise Stores 2
Veterinary Services 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 5
Window Treatment Stores 1
Wired Telecommunications Carriers 1

Have You Considered Buying an Existing Grand Ledge Business?

An excellent way to get started in business is to Buy a Business in Michigan. Follow that link and you may find several good businesses for sale in Grand Ledge.

If you are serious about buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.

Selecting a Name For Your Business

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.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

On a final note, given that you are opening a business in Grand Ledge, it's very important that you make sure you will be the only Michigan company using the business name you have chosen.

Bring in Revenues

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Grand Ledge or are selling to customers throughout Michigan, the United States or even the world, you have to be able to sell.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Cold Call Selling is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Moving Forward

You have a dream -- starting a business in Grand Ledge. 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 Grand Ledge businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Grand Ledge entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Grand Ledge, Michigan

Here are more links that we believe will help you be successful in starting a business in Grand Ledge.

  • Resources for Grand Ledge, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist Grand Ledge 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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Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety