Recently, I've read a few articles about how entrepreneurship is losing its cachet among millennials. Really? I guess the authors of these articles have missed a real "boots on the ground" story in Detroit. I can attest that the entrepreneurial spirit is alive and well and even expanding into the practice of law.
Starting a new business usually requires some type of start-up capital. However, many entrepreneurs do not have the necessary finances to jump start their own business ideas. Fortunately, for aspiring entrepreneurs in Michigan, the state has seen a dramatic rise in venture capital investors who are attracted to the entrepreneurial environment the state has to offer. This means many entrepreneurs will be able to complete their plans for business formation .
Continually improving scientific innovations is an important endeavor in society. It can help our country stay competitive in the global market, as well as create jobs for Americans. However, there are a variety of formidable obstacles that scientists face during the business formation phase of a science startup company. Two of the main challenges are finding equipment and space to conduct their scientific experiments. One company in Michigan has decided to help scientists get started by making it easier to access equipment and lab space.
Starting a business is by no means an easy task. It takes careful planning from the get-go. And to begin, you need a solid idea to work from. However, even with an idea, it can be hard to get a business up and going without investors. Luckily, Michigan entrepreneurs may get motivation for their business formation from an accelerator program based in another state.