A popular Michigan-based competition, known as 5x5 Night, provides an opportunity for entrepreneurs to pitch their food-related business ideas. If the judges are interested, the participants may receive investment money to kick start their idea and begin the business formation process. Two participants were able to come together to form a new business after one of them received funding based on their pitch.
An important part of launching a business in Michigan, or elsewhere, is creating an effective business plan and taking the steps to see it through. An essential part of business planning is locating new injections of cash so the business has the funds to expand.
Consumers and businesses throughout the Oakland County area know all too well the tough financial times that we've all endured over the past few years. Fortunately, many of the prospective business owners waiting patiently in the wings have weathered the storm and can now come out to take advantage of the ripe business market.
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 .