Successful businesses are always looking for ways to expand their market and potential customer base. One way to do this is to merge with another company which may have resources that would be complimentary with the business. Bradley Co., a major commercial real estate firm in Michigan, recently announced that it has decided to take this route and merge with NAI Harding Dahm, another real estate firm.
Recently, Wal-Mart has become one of the largest and fastest growing companies in the U.S. with locations all over the country. The corporation now has its eye on opening its latest location in a town in Michigan. The plans for the new location have been submitted and were set to be examined by a local business planning commission in the middle of April.
Business thrives when it is supported by a strong surrounding infrastructure. Sometimes in order to obtain this necessary infrastructure a community will need the help of state and local government funds to improve the local area. Recently one community in Michigan was designated as a Michigan Main Street community, which means it now has access to approximately $250,000 in technical assistance to develop the community in order to make it more attractive to an entrepreneur to open a new business .
In business, companies must make strategic decisions based upon competition and future demand of products and services. Business owners in Michigan and elsewhere must constantly be keeping up on the latest trends in order to make decisions to be several steps ahead of the market. Cisco Inc., recently made this type of business planning decision when it purchased Meraki Inc., a closely held business, in order to add more marketable technology to the company's products and services.