Starting a new business is risky. According to the Small Business Association, 30% of new businesses fail in the first two years, 50% in the first five and 66% within 10 years.
Opening a business requires a person to invest everything they have into it: money, time, emotions, family, etc. There’s a lot on the line for entrepreneurs, which can make it feel like they’re alone and blindly navigating a new world.
The Lansing region has various organizations ready and willing to help startups avoid becoming a statistic.
Lansing Economic Area Partnership
LEAP has several programs designed to assist startups, including Start Charts, new business support forms, incubator placement, PROTO Accelerator, Lansing Regional SmartZone and the Youth Startup Expo.
Lansing Regional Chamber of Commerce
The chamber has everything from business education courses to networking events that can help a startup get on its feet. Some of the notable programs every startup should try out are Chamber University, the Business and Regulatory Education Series, Economic Club, Lansing Regional Chamber Business Roundtables and Member Mixers.
Additionally, there are other smaller chambers of commerce throughout the region that offer programs and help for businesses, including the Mason, Grand Ledge, Williamston, Easton Rapids, Charlotte, Clinton County and Jackson chambers of commerce.
Greater Lansing Convention and Visitors Bureau
The GLCVB helps businesses get exposure and boost numbers by guiding the 4.8 million visitors each year that generate more than $602 million in economic impact to businesses throughout the region. The GLCVB helps businesses by providing networking opportunities, educational seminars, advertising opportunities, social media promotion and more.
Local municipalities want businesses to come to their communities. If you are thinking about starting a business in a certain municipality, make sure you contact the local government to learn about incentives, tax breaks and other resources to help your business get started and be successful.