“Michigan will become an
economic powerhouse in
the 21st century. We will
grow our economy by giving
businesses the tools they
need to succeed.”
Governor Jennifer M. Granholm
State of the State Address 2004
How do I start a business in Michigan?
Starting a business is a huge endeavor that can bring both rewards and struggles. For
women looking for freedom from the typical job or hoping to find a work schedule that
will accommodate their family life, starting a business can be very beneficial. It can
bring a sense of independence, and at times, it can be a way to achieve greater
It takes more than a good idea to start a good business, however. The logistics of
owning a business, which include everything from taxes to employee benefits, require
careful attention and planning. As the popular phrase suggests, “don’t quit your day
job” until you have a solid idea of the type of business you want to own, the type of
special licensing or training you might need to legally operate your business, the
liability involved and other factors affecting the creation of a company.
The State of Michigan has been working to make it easier for its
citizens to establish their own businesses. The Michigan
Economic Development Corporation (MEDC) is one of the best
places to start your research. At the MEDC website
(medc.michigan.org), you will find questions to evaluate how
prepared you are to start your business as well as a step-by-step
guide about the process of starting a business in Michigan. This
fact sheet also lists regional resources that can give you more
information about guidelines and support available in your area
of the state.
Five Tips for Starting a Business
1 Research your ideas, interests and goals.
Educate yourself about your future customers, your competition and the market in
which you hope to work. Learn about other companies in the field of your interest,
and see which business ideas have worked and which have not.