Michigan Business Startup Guides
Starting a Business in Marcellus, Michigan
Thinking about starting a business in Marcellus, Michigan? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Marcellus.
Do You Have What It Takes?
Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.
Before you move forward with starting a business, be sure to do these three things:
- Talk to other entrepreneurs in Marcellus. Get their candid feedback on what it takes to start a successful business.
- 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. 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.
Marcellus, Michigan Demographic Information
Marcellus has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Marcellus demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Marcellus.
Businesses
As a new Marcellus entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Marcellus 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
Should You Franchise?
Examine a list of Marcellus businesses and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
Most business experts recommend that you investigate buying a franchise. We have many articles on franchises, such as How to Franchise a Business. 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 Signature Alert Security and T.J. Cinnamons. Alternatively, you can browse franchise categories, such as Apparel Franchises and Healthcare Franchises.
Note on Marcellus Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Marcellus.
Choosing a Company Name
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.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
As a final piece of advice, remember that because you are starting a business in Marcellus, it's very important that you make sure no other Michigan company is using the business name you want to use.
Company Formation in Marcellus, Michigan
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Michigan, you don't necessarily have to incorporate in Michigan. In fact, you are allowed to incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Pre-Incorporation Agreements. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Marcellus, Michigan, our information on Incorporating in Michigan may be a useful resource if you decide to incorporate in Michigan.
Getting Money to Start a Business
Getting your Marcellus business the capital it needs to succeed is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.
Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled How Equity Dilution Works.
For Marcellus entrepreneurs in need of startup financing, check out our List of Michigan Angel Investors and our List of Michigan Venture Capital Firms.
Improving Your Entrepreneurial Skillset
The best entrepreneurs know that they don't know everything.
With your business being located in Marcellus, Michigan, you will want to take advantage of the many programs available at nearby Michigan universities, colleges and community colleges. It's also worthwhile to see if there are any Marcellus networking organizations.
Now It's Up To You
You have a dream -- starting a business in Marcellus. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Marcellus and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Marcellus, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Marcellus, Michigan
Here are more links that we believe will help you be successful in starting a business in Marcellus.
- Resources for Marcellus, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist Marcellus 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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