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Business Formation & Planning Archives

New business in Michigan aims to compete with Groupon

Technology is one of the fastest growing and most innovative sectors in business today. The industry holds plenty of opportunity for an entrepreneur with a creative idea for starting a new business . Michigan is attracting more entrepreneurs who have decided to base their start-up technology companies in the state. One of these companies is an innovative web firm called Quikkly, which is an online coupon service.

JOBS Act makes business formation easier in Michigan

America is often referred to as the land of opportunity, where a person who has a good business idea can become prosperous with hard work. However, business formation can be difficult in a struggling economy. One of the most challenging aspects of being an entrepreneur is being able to find the necessary start-up capital for a new business. However, the JOBS Act can help new businesses in Michigan gain this initial capital in a variety of ways.

New business in Michigan sells ads on toilet paper

Sometimes it just takes an original idea to start a business. If one can fill a niche that nobody else has thought of before, he or she may have a viable idea for a profitable new business . One local Michigan company has discovered a new twist on an old idea. The old idea is advertising. The new twist is advertising on toilet paper.

2013 stock offering part of Pfizer's business planning

Pfizer, Inc. will be offering $100 million in stock for its Animal Health Unit. The Animal Health Unit has operations in both Kalamazoo and Richland, Michigan employing approximately 700 people. This stock offering is part of Pfizer's overall business planning that began earlier this year with the sale of its infant nutrition business to Nestle.

Michigan Microloan Fund Program: New business loan option

Beginning a business requires startup capital. This can be found through business loans especially designed for a new business. This allows the business to cover initial costs to lay the groundwork for the new company to grow. Ideally, it will also give the company some backup funds in order to get the business through the first few months where it may not be able to yet make a profit. One Michigan company has been able to secure its startup capital through the Michigan Microloan Fund Program.

New business chooses Michigan to startup new science lab

The bio-life science field is an exciting and innovative industry to be a part of. New business enterprises are attracted to the field because of the demand for new discoveries, many of which could be used in medical treatment. This provides excellent opportunity to make a good profit. One bio-life science company has chosen Michigan as the site for its new start-up lab, which will specialize in genetic research. The lab plans to focus on processing genetic testing for age-related macular degeneration.

Michigan food tech attracts new business owners

Identifying and meeting the demand of Michigan consumers in the marketplace is a cornerstone of an effective business plan for a new venture. This is true for any type of business, no matter what the product or service a new business offers.

Crowdfunding provide funding boost for new business

A group of Michigan entrepreneurs, capitalists and investment bankers have teamed up to launch Relayfund Inc., a new crowdfunding website aimed at revolutionizing the ways in which startup operators source funding for their business ventures. Adequate funding is always at the forefront of concerns among anyone trying to start a new business . Crowdfunding is simply the act of raising money online from a variety of investors. It involves bringing the talent of inventors and innovators together with the funding from small-scale investors.

Gumroad: a new company that makes online buying/selling easy

When taking the time to plan a new company, there is a lot of research involved for those in Michigan and elsewhere in the United States. Research as to what consumers are looking for in today's world, into businesses with similar services or products, into how your business will be different from others in the industry, how to market your new company and how you are going to make profit. All of these are likely things that Gumroad took into consideration when forming their online business.

Report shows a decrease in new business start-ups

According to a report by the U.S. Census Bureau, new business start-ups decreased to a record low in 2010. The percentage of businesses that were new organizations was below eight percent according to this recent report. The new business rate had peaked back in the 1980s, but has been decreasing ever since -- especially since the recession.

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