Are your Financial Projections Just a “Gut” Feeling?

3 Steps to Create Realistic Financial Projections for a Startup

Are your Financial Projections Just a “Gut” Feeling?

Investors, lenders, and even friends and family are going to want to see your financial projections before they put a dime into your startup.  Creating realistic, data based financial projections for a startup can be difficult, especially when your idea is new, with little history of success to build your projections.  There are 3 basic steps to create financial projections that are more than just your “gut” feeling. 1.  Supply and Demand Research – The …

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Are Open Apps Draining Your Battery?

How do you shut down or unplug to stay focused and preserve mental energy?

Are Open Apps Draining Your Battery?

  Remember those social studies classes back in the day when your teacher first talked about one person having multiple roles?  A woman could be a sister, daughter, mother, friend, athlete, community advocate, manager, colleague, advisor, entrepreneur, and more.  What a concept to a 10 year old.   As modern adults, most of us play at least that many roles now and most use our technology devices, smart phones, notepads, computers, and others, to help …

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Weekly Resource #26 – Healthcare Reform and Small Business

Weekly Resource #26 – Healthcare Reform and Small Business

Over the past few years, all of us have watched as Health Care Reform, President Obama’s primary running platform, has fought it’s way through the legislative branch. The Patient Protection and Affordable Care Act, dubbed “ObamaCare”, was signed into law by President Obama on March 23rd, 2010. Since then, the bill has continued to be the source of much controversy and recently has been a large catalyst in the stalemate in congress that led to …

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Weekly Resource #25 – Five Keys to Using Financial Statements

Know Your Numbers: Five Keys to Using Financial Statements

Weekly Resource #25 – Five Keys to Using Financial Statements

Having well maintained financial records of your business is important in order to run it successfully. Financial statements are the windows into your business’ fiscal workings. Knowing how to analyze them is key to budgeting and pinpointed areas of waste. On October 23rd, the MI-SBTDC will be conducting a class centered around the financial statement and how to mine the most useful information from it. It is intended for business owners and key staff who …

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Weekly Resource #24 – MMIC Boost!

Weekly Resource #24 – MMIC Boost!

Boost! is a pitch contest for entrepreneurs that has generated over $2 Million in investments. Join the 100+ companies that have competed in the Boost! competition in the past! This competition is available to any entrepreneur in the early and developing phases of business development. Each participant is allowed 2 minuets to pitch their business. Those who win a local event will gain access to MMIC’s network of Angel Investors. Winners will also win the …

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Weekly Resource #23 – MMIC Crowd Camp: Ann Arbor

MMIC Crowdfunding Camp

Weekly Resource #23 – MMIC Crowd Camp: Ann Arbor

Over the past few years, crowd funding has proven to be a viable alternative to traditional loans. With $2.7 Billion raised in 2012 through crowd funded campaigns, they are not something that should be ignored. However, it being a relatively new method of funding procurement, many people don’t know much about them and they know even less about how they can start a campaign themselves. The Mid Michigan Innovation Center has the perfect event for …

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Resource Provider Spotlight: D:Hive Detroit

April Boyle talks about some of the resources D:Hive has to offer Detroit based Entrepreneurs. Brandon Christopher, founder of Canvas X Detroit, also talks about his experience in D:Hive’s “Pilot” program.

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Weekly Resource #22 – Build a Website

Practice & Perfect Your Front-End Development Skills

Weekly Resource #22 – Build a Website

Grand Circus Detroit, a brand new co-working, event and training center for tech startups in the heart of downtown Detroit, is hosting a 10 week course, beginning September 30th, on how to Build a Dynamic Website. In this course you will get a thorough introduction to the technologies necessary to build modern, standards compliant websites. Through hands on exercises and projects you will practice and perfect your front-end development skills. At the end of this …

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Weekly Resource #21 University of Michigan-Flint Incubator

Innovation Incubator’s Top 10 List, University of Michigan-Flint

Weekly Resource #21 University of Michigan-Flint Incubator

The University of Michigan- Flint campus is larger than just faculty, staff, and classrooms. The campus stretches north of the Flint River and includes the Northbank Center, which contains the dance studio, University Outreach and the Innovation Incubator, also known as [IN], located on the building’s second floor. The following is a top ten list of opportunities and activities available at [IN] Monday through Friday, nine a.m. to five p.m. for any stage entrepreneur:   …

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Weekly Resource #20 – Great Lakes Women’s Business Conference

Great Lakes Women's Business Conference

Weekly Resource #20 – Great Lakes Women’s Business Conference

For 12 years the Annual Great Lakes Women’s Business Conference has been bringing business women from across the state together to interact and establish connections with one another.  Woman from many different industries will attend this 2 day networking event starting Tuesday, September 24th and ending the evening of Wednesday the 25th. Educational workshops, seminars, and networking opportunities will make up the schedule of events. The seminars will be presented by keynote speakers Cynthia Kay …

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