Michigan Business Startup Guides
Start a Business in Three Oaks, Michigan
Are you starting a business in Three Oaks, Michigan? This article discusses the most important things to consider when opening a business in Three Oaks.
Are You Sure You Want to Do This?
Most new ventures don't make it, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Talk to other entrepreneurs in Three Oaks. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Three Oaks, Michigan Demographic Information
Three Oaks has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Three Oaks demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Three Oaks.
Businesses
As a new Three Oaks entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Three Oaks for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
Is a Franchise Opportunity Right For You?
Visit the business district of Three Oaks and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?
We highly recommend you consider franchising as an option. We have many articles on franchises, such as Costs of Franchise Ownership. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Representative franchise opportunities include Stone to Foam and Comfort Keepers. Alternatively, you can browse franchise categories, such as Cell Phone Franchises and Automotive Services Franchises.
Note on Three Oaks Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Three Oaks.
Naming the Company
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
As a final piece of advice, remember that because you are starting a business in Three Oaks, it's imperative that you check now that your company name has not already been claimed by another Michigan business.
The Role of the Business Plan
Having a business plan is vital in maximizing the prospects of your new company. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Expert Advice on Business Plans. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Michigan.
Getting the Word Out About Your New Company
To grow your Three Oaks business, you need a excellent marketing plan.
There are myriad resources on this site to help you with your marketing plan. Radio Ads discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.
Building Up Your Sales
Mastering the art of selling is a must if you want your new Three Oaks business to do well.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
How to Build and Motivate a Sales Team offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Next Steps
Most new Three Oaks businesses underestimate the number of challenges they will face.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Three Oaks businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Three Oaks, Michigan
Here are more links that we believe will help you be successful in starting a business in Three Oaks.
- Resources for Three Oaks, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist Three Oaks entrepreneurs.
- Michigan Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Michigan.
- Michigan Small Business Development Center - This organization supports 12 regional offices and over 30 satellite offices, each providing counseling and training to Michigan small business owners and entrepreneurs throughout the 83 counties in Michigan. Services to entrepreneurs are offered through a cooperative agreement with the U.S. Small Business Administration.
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