Be your own boss!
Anyone can be an entrepreneur. Entrepreneurs are simply people who have a vision, a plan to make that vision a reality and the willingness to work hard to make that happen.
In this uncertain economy, more people are deciding to pursue their dream of being their own boss. As entrepreneurs, they are heartbeat of our economy and our communities. In fact, small businesses make up 98 percent of Michigan's employers. Entrepreneurs built our state, and they are the ones who will rebuild it. That’s why I'm working to make Michigan the best place in the world to start and grow a small business.
I hope you'll explore this newsletter to learn more about how you can start your own business and help turn Michigan around. Please feel free to contact me if you have any questions or need any assistance. I'm here to work on your behalf!
Michigan Business One Stop
Provides a wealth of information and services, including:
- The comprehensive "Guide to Starting a Small Business"
- The Small Business Readiness Assessment Tool
- Guidance on how to write a business plan
- Information on federal and state loans and financing
- Tips on all the legal and technical aspects of starting a business
- Links to many other valuable resources
Buy Michigan First
Shows how to register with the state as a vendor and bid on more than 1,100 state contracts.
Small Business Administration
Offers free online training, the Small Business Planner, financial assistance for those who qualify, and much more.
The Michigan Small Business & Technology Development Center
The MI-SBTDC runs more than 30 "Biz Resource" Centers across the state. These one-stop locations provide current and future small business owners with assistance, advice and the use of computers, various software and an extensive reference library – all free of charge.
MI-SBTDC also provides free consulting to help residents start and grow small businesses.
Visit the Web site or call the office at (616) 331-7480 to learn more or find the nearest Biz Resource Center.
This checklist will help you think more about the benefits, challenges and details of running your own business.
List your reasons for wanting to start a business. Some of the most common reasons are:
- You want to be your own boss.
- You want financial independence.
- You want creative freedom.
- You want to fully use your skills and knowledge.
Next, determine what business is "right for you." Ask yourself:
- What do I like to do with my time?
- What technical skills have I learned or developed?
- What do others say I am good at?
- Do I have any hobbies or interests that are marketable?
- How much time do I have to run a successful business?
Then identify the niche your business will fill. Conduct research to answer these questions:
- Is my idea practical and will it fill a need?
- Who are my customers?
- What is my competition?
- What is my business advantage over existing firms?
- Can I deliver a superior quality service or product?
Partial pre-business checklist:
- What business am I interested in starting?
- What services or products will I sell?
- Where will my business be located?
- What skills and experience do I bring to the business?
- What will I name my business?
- What equipment or supplies will I need?
- What are my resources?
You can find the rest of this Small Business Planner at www.sba.gov.
Sign up for my E-newsletter Updates
Hello, welcome to my website; it’s an honor to be your state representative. I hope you find the information here helpful. While you’re here please sign up for my online e-newsletter, which will keep you informed about what’s going on in Lansing. I hope you won’t hesitate to contact my office if you have any questions or concerns. I’m here to serve you.
State Representative Dian Slavens
21st House District