$10

RPC Seminar Series: "What Should You Know Before Starting a Business?"

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Goei Center

818 Butterworth Street Southwest

Grand Rapids, MI 49504

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Carlos Sanchez of Ferris State University will talk about the necessary tools one needs before going into business.

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a. Why do I want to start a business?

b. How do I expect my time, money, health and relationships would be impacted in starting a business?

c. What are the steps in setting a business?

d. Should everyone start their own business?

e. Have I taken a Personal Risk Assessment?

f. Have you interviewed business owners already operating in the field that you are looking to go into?

g. Have you done a Market Analysis on the type of business, and the need/want for it within the market that you are opening your business in?

h. Have you completed a thorough business plan outlining all costs (research will need to be completed in an effort to retrieve quotes)?

i. How many small businesses are there in Michigan?

j. What is the survival rate of businesses in Nationwide and in the State of Michigan?

k. How should or would you finance the opening your business?

l. Do you have the required skills or expertise within the area you are proposing to conduct business in?

m. Do I know specifically who my target customer is?

n. What makes my business different/unique to other businesses within the area that I am looking to go into?

o. Who is my competition?

p. Other items to consider before opening a business.

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Date and Time

Location

Goei Center

818 Butterworth Street Southwest

Grand Rapids, MI 49504

View Map

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