The Michigan Comeback, and How You Can Participate In It

Michigan, especially Detroit, gets a lot of flack for its financial condition. This was reinforced just recently by Detroit’s bankruptcy filing in July.

The obvious statement is, “there is nowhere to go but up."

According to a survey of Business Leaders for Michigan, this ascent from the doldrums may be a lot sooner than most think. Crain’s Detroit Business reported the following results from that survey:

• 44% of respondents believe Michigan’s economy will grow in the next six months
• Zero respondents believe Michigan’s economy will get worse
• 64% of respondents believe that the national economy will be about the same over the next six months
• 60% of respondents believe Michigan’s economy will grow in the next eighteen months
• 44% of respondents believe the national economy will increase in the next eighteen months
• 52% of respondents project their companies will ad jobs in the next six months. More than one-third plan to make capital expenditures. 

So, why would a franchise blog reference these stats? Because, this is a great time to consider starting a business. Not only is there opportunity to participate in the growth of consumer spending as more discretionary income comes into the state, but those who chose to start a franchise that focuses on business-to-business sales will cater to a larger prospect list, including new and expanding businesses. 

To learn more about how YOU might fit in, please join me for a FREE seminar, “Franchising as a Career, an Investment, or Both,” on Thursday, August 22 in Troy, MI. Starting at 10am, this seminar will touch on:

• General discussion about reasons to start a business
• Comparison between starting a business from scratch, buying an existing business or starting a franchise
• How franchising can provide a desirable alternative to traditional employment
• Basic information on franchising, including the range of categories, entry and long-term strategies, investment levels and fees
• Legal regulations governing franchising that protect the buyer
• And more!

For more information, visit www.michiganfranchiseforum.com. You can also contact me at 313-821-5060 or mcory@frannet.com with any questions.