Starting a business can be complicated. You have to decide what form of legal organization works for your situation, secure funding, perform market research, and depending on your industry, familiarize yourself with all the relevant laws and regulations.
At AdviCoach of Southeast Michigan, we generally work with small business owners in Michigan who are two or more years into their business lifecycle, but commonly hear from business owners who regret not laying a more solid foundation for their business.
Over the years, we’ve noticed some trouble spots in the first critical months. While it can be easy to get bogged down in the details of opening your small business in Michigan, you can’t lose sight of the important questions: why are you starting a business or this business? What value will your business bring to the market? How do you expect your business to change and grow through the years?
Here’s what most business owners wish they spent more time on when starting their Michigan business!
