From Idea to Launch: Starting a Business in Your Community
Starting a business in your community is an exciting milestone. Whether you’re opening a coffee shop, launching a service company, or building an online-first venture, the steps you take early on will shape your success. This guide covers the essentials — from idea validation to long-term growth — and provides resources to help you at each stage. Step 1: Define Your Business Idea Every successful business begins with clarity. Identify a need in your community and test whether your solution
No MBA, No Problem: Financial Clarity for the Hesitant Entrepreneur
For business owners who never dreamed of parsing spreadsheets or deciphering cash flow statements, finances can feel like a language written in hieroglyphics. It’s one thing to craft a great product or service, quite another to navigate revenue cycles, margin pressure, or quarterly forecasts. But ignoring money management isn’t an option—not when so much depends on keeping the engine running clean. When finances aren't a founder’s strong suit, the real trick lies in finding ways to make money management
Detroit, MI SBOs: The CTA, BOI and FinCEN Changed, So Now What?
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
