Michigan Business Startup Guides
Starting a Business in South Lyon, Michigan
Thinking about starting a business in South Lyon, Michigan? This step-by-step guide walks you through the major decisions you should consider before opening a new business in South Lyon.
South Lyon, Michigan Demographic Information
South Lyon has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for South Lyon demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in South Lyon.
As a new South Lyon entrepreneur, you may also be interested in the table below. It shows how many businesses there are in South Lyon 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.
What About Franchising Opportunities?
Browse the Yellow Pages for South Lyon and you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Multi-Unit Franchising. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include Pak Mail Centers of America, Inc. and Personal Training Professionals. Alternatively, you can browse franchise categories, such as Consulting Franchises and Health Franchises.
Note on South Lyon Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in South Lyon.
Make Sure You Have a Business Plan
Writing a business plan is critical in laying a solid foundation for your business success. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan will greatly reduce your chances of business success.
Raising Money for Your Venture
Getting your South Lyon business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
On the bright side, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
Marketing Your New Venture
Whether your goal is to attract South Lyon customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Marketing Research is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Do you know how to sell? In order to attract customers to your new South Lyon business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.
As an entrepreneur in South Lyon, 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.
This site is all about helping entrepreneurs in South Lyon and elsewhere to achieve real success. 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 South Lyon, Michigan
Here are more links that we believe will help you be successful in starting a business in South Lyon.
- Resources for South Lyon, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist South Lyon 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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