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Entrepreneurs Archives

Social entrepreneur company wins seed funds for business planning

It is one thing for entrepreneurs to come up with a good idea which could become a profitable business, however it is another for a startup business to be both profitable as well as emphasize helping the community. One recent Pure Michigan Social Entrepreneurship Challenge focused on startup ideas with this emphasis. The winners of the challenge were awarded a total of $93,000 in venture capital in order to help initiate business planning and formation.

Venture capital for business formation increasing in Michigan

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 .

Michigan couple begins franchising agreement for moving company

Entrepreneurs consist of more than just people who come up with completely original business ideas of their own. Sometimes they are people with business skills which they choose to apply to an already existing business model. This type of entrepreneurship is known as franchising , which entails obtaining the appropriate permission to use another entity's business model in order to open one's own business to service a certain territory or location. One couple in Michigan decided to go this route when opening their own moving company.

Two franchising business people re-open fast food restaurants

Most people enjoy modern-day conveniences. This can be especially true for busy Americans who are hungry but have little time to cook for themselves. Demand for convenient eating options has made the fast food franchising business a potentially profitable industry to enter. One entrepreneur from Michigan recognized this and decided to team up with another entrepreneur in order to re-open a fast food restaurant chain which had shut recently shut down in another state.

Michigan tech company expands its business planning scope

Education is an important part of moving society forward. It has also been said to be the key to keeping the U.S. competitive in the future world markets. One educational tech company, Echo360, realizes this and works to create technology designed to help people teach and learn. The company has recently purchased Michigan start-up business LectureTools in order achieve its business planning goals to expand its scope.

Lab helps science startups during business formation in Michigan

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.

University of Michigan event showcases student business formation

It is often essential for society to do what is possible to assist entrepreneurs with good ideas to reach their business goals. Any type of assistance is especially helpful for a new business in the beginning phases of the business formation process. Luckily for entrepreneurs, the University of Michigan demonstrated how it is stepping up to lend a hand to aspiring entrepreneurs by providing them a chance to expose their new business ideas at a recent business event.

Start Garden helps entrepreneurs with business formation

The recent recession had a profound effect on American society in just about every aspect. The U.S. business sector has suffered a good deal of the consequences from the financial crisis. Some believe the recession completely transformed the American economy. Many of the methods of the old economy have been abandoned, and more individuals and families have turned to entrepreneurship in order to reach for their dreams. One Michigan organization that has recognized this trend is Start Garden, which aims to aid entrepreneurs in business formation .

Michigan college students gain capital for business formation

In a struggling economy it can be challenging to make ends meet. It can even be more difficult for entrepreneurs to start a new venture. Business formation of a start-up, many times, will require a significant amount of capital and cash in order to get the venture off the ground. This is why the University of Michigan has created the TechStars accelerator program, which is designed to give aspiring entrepreneurs in the technology industry a helping hand in starting their new endeavors.

Business planning: Turning an idea into a business concept

As a general rule, when it comes to starting a business in Michigan, the idea of what you want to do is much easier to develop than the rest of the business, including implementation of that idea. Business plans are an integral piece to any business, but sometimes, it is better to take your idea and come up with a business concept statement than to go straight to forming the business plan.

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