ing allowed. "Don't underestimate the hard work," Linkner says. Your odds of success rest on your shoulders. More important than any idea or product to determining success is the passion of the person behind the product. You. ENTREPRENEURSHIP FOR YOU? "Many are interested, but just don't know what it takes:' says Amy Gill-Cronovich, training leader at Bizdom U, an entre- preneurship accelerator in Downtown Detroit founded by Dan Gilbert, founder and chairman of Quicken Loans. Gill-Cronovich says the first step is to sit down and take a long hard look at your lifestyle, your family and your financials. "If you're struggling with your finances or have a lot of credit card debt, then you need to get that under control before you think of starting a business," she says. What about your family? Do you have young children who de- pend on you and want you to go to their ballet recitals and soccer games? "It's not that you can't start a business and be a good parent," Gill-Cronovich says. "It's just that there is only one you, and when you start a business, everything is on your shoulders. You have to be willing to say no to everything else. People underestimate the time involved. There's nothing wrong with saying 'this just isn't for me — at least not yet." Launching a business is a tough Mango Languages J ason Teshuba, 36, of Royal Oak, launched Mango Languages, a developer of language learning products offered through online sub- scriptions and software pack- ages, in 2007. This year the company made it to No. 275 on the Inc. 5000 list of the nation's Jason Teshuba fastest-growing firms. The Farmington Hills-based com- pany sells to public libraries and is making in-roads into public universi- ties, corporations, schools and the government. Teshuba and his brother, Michael, actually began sowing the seeds of Mango back in 2004 with an earlier www.redthreadmagazine.com thing to do. "It requires a diverse set of skills. You need to be a visionary, a people person, a num- bers guy. It takes grit and scrappi- ness. A willingness to do anything — and everything," Linkner adds. It also takes knowledge, experi- ence and background, says Gill- Cronovich, who cites the Bizdom U company Savorfull, which provides allergen-free, nutri- tious meals straight to customers' homes. "That's a great idea for anybody to have, but it worked only be- cause founder Stacy Goldberg is a nutritionist. She had the knowl- edge necessary to make it work." THE BIG IDEA The next step in launching your business: the big idea. Linkner's advice: "Make sure you're solving a real customer need and that it's differentiated from the competi- tion. We don't need any more Groupon copycats," he says. "Do something origi- nal or not at all." Look at your idea. Can you make it or sell it? "If not, it's not a good path," says Gill-Cronovich. Start by talking to potential customers that have the problem you're trying to solve with your product or service. "You have to validate that the mar- ket and the customers actually exist," says Tom Anderson, senior director of Oakland County-based Automation Alley, which brings together businesses, educa- tors and government to help entrepre- neurs accelerate the commercialization of new technologies and services. "You need to get out there and talk to web development company where they were selling products from other language learning companies. Both he and Michael were trained as software developers. "We thought we could create something better" Their biggest challenge was hav- ing no money."We had to find free, cheap or alternate routes to get our product developed," Teshuba says. The goal was to launch with 10 language courses, and they couldn't afford to pay language teachers to develop the product."Instead, we asked them to do it free and pay them royalties from the sale of the product for a number of years," he says."They've made four times as much in royalties as they would have made in fees!' Mango Languages has never taken any venture capital. "We've grown the business by making sales," Teshuba says. He has the "3 Ps"of advice for would-be entrepreneurs: Persistence. Passion. Partners. customers. Having even one customer proves that somebody in the market really cares." Gill-Cronovich says to think it through carefully to find out what your minimal viable product is — the least you have to do to get up and running and in front of customers. THE PLAN You can find plenty of templates on the Internet to help you draw out your business plan, but don't expect to do it in a weekend. According to Michael Graub and Michael Banks, co-chairs of the Danto Small Business Program at Hebrew Free Loan (HFL), it takes about 120 hours of solid, extensive work to create a busi- ness plan — and it's not something you should tackle on your own. Instead, find a mentor. Find several of them. Gill-Cronovich suggests that wantrepreneurs start by attend- ing group and networking events, trade shows and conferences. "Get to know people. Get to know the real story of what it's like," she says. Bizdom U has pitch events and business model brunches for aspiring entrepreneurs. "Find the right people to give you advice," she adds. "Also remember that everybody has an opinion, and not every opinion matters. Focus on industry experts." There is a lot of support in the region. In addition to Automation Alley and Bizdom U, there is Tech Town Detroit, Ann Arbor SPARK, the Small Business Administra- "Persistence you'll need because so many problems and issues will arise, and you have to keep going till some- thing favorable happens. Passion. I LOVE what I do. I love languages, and I'm proud of what I'm doing. So should you," he says. "Finally, partners. Pick the people you want to work with carefully. Make sure they share your ideals and values:' RT All USA Clothing r mma Zerkel, 39, and her husband, Michael, were working in a family retail business when Michigan's economy started to tank. "We realized we had to expand and not be limited by physical space,"she says. In 2006, they launched Sylvan Lake- based All USA Clothing, an online retailer of domestically manufactured clothing. The challenge was in under- tion and the OU INCubator, just to name a few. (See sidebar on next page.) One option is the Great Lakes Entrepreneur's Quest, a competi- tion with the mission to educate entrepreneurs on the creation, start up and early growth stages of high-growth Michigan busi- nesses. "Most important," Anderson says, "is these kinds of programs get you assigned a coach or men- tor who will ask you the right questions as you work on your plan." "Your business plan is not how your business will end up," Linkner says. "A business plan is constantly evolving." It includes everything from mapping out your business model, identifying customers, distribution channels, price points, value propositions, revenue generation, on and on and on. "The biggest problem is not having specificity," Linkner says, equating it to the difference be- tween telling someone looking to get to San Francisco to "go west" or handing him a Google map that shows how long to drive and where to turn. Gill-Cronovich adds that you should be prepared for things not to work out the way you plan. "Be willing to work out a new path and be in it for the long haul." FUNDING YOUR DREAM If you think you're going to take your Entrepreneur on page 46 standing the online market. So they learned by trial and error. "We studied our competitors'websites for what we liked and didn't like and got our site up as soon as we could," says Zerkel, who lives in West Bloom- field and has two children, _Dan, 11, and Leah, 9. Emma Zerkel Two months ago, All USA Clothing re-launched its website with a more glamorous look and more user-friendly features that have increased sales and cut down on customer phone calls for help. A Facebook store is on the way next. "My advice to aspiring entrepre- neurs is don't try to do everything at one time. We've had to grow our business in stages," she says. 'P. T nrD pail November 2012 45