Solving a common problem through the design of a product can lead to a lucrative business venture. One new business startup in Michigan is hoping that their new product which attempts to remedy an age-old problem will be a viable business endeavor. The company produces a product which it claims will eliminate bad breath caused by alcohol, tobacco, morning breath and a variety of other causes of halitosis.
Educating students often requires a significant amount of space. The University of Michigan has increased its leasing of commercial real estate in 2012, according to a recent report released in early December. The school already holds more commercial rental leases than most other entities in its region. The university is currently leasing six properties which exceed 50,000 square feet. This includes some offices which are currently under construction.
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.
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.
Selling any type of real estate can be a significant challenge. Selling commercial real estate can be even more challenging, especially if it is being sold as a redevelopment property. This is what real estate agents and developers told a Michigan school district that recently proposed to sell ten of its school locations. Real estate experts cited the current economic conditions as a reason it could be a difficult sale.
There are a variety of factors which could affect the local real estate market. Some of these factors could include recent economic fluctuations, unemployment rates and even natural disasters affecting the local areas in Michigan. However, one factor which many have forgotten about is a city's investment on infrastructure. A recent study on commercial real estate highlighted this factor by concentrating on the effects of city government's investment in smart grid technologies.
When a start-up company begins conducting business, it will need to adhere to certain legal requirements. These considerations will need to be addressed in the business planning process. Some of these requirements are specific to the company's industry and may need approval from particular governmental agencies. This was the case for Tangent Medical Technologies, a small medical start-up with a promising future, based out of Michigan.
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.
Start Garden, a venture capital project in Michigan, is backed by $15 million provided by a family that is earmarked for individuals to compete for investment money. Entrepreneurs participate in Start Garden by laying their ideas out on the table for a chance to win $5,000 in investment funds. Three participants have been declared winners of this weekly project and will receive $5,000 in funds to help get their idea up off the ground and move forward with their business formation and planning.
After a trade mission abroad, a group of fashion industry insiders and economic development professionals are convinced that "Made in America" can be turned into "Made in Michigan" before long. The delegates saw enough of Turkey's garment industry to know that the Mitten State can do even better. Ample industrial space, a workforce with manufacturing experience and ready access to raw materials -- combined with a highly creative fashion community -- is enough to grow existing businesses and to launch new businesses .