A teaching library with an outstanding student-centered information literacy program
Future Students Current Students Faculty & Staff Alumni Visitors Help / Search OAKLAND UNIVERSITY
About OU Academics Research Arts Athletics Library IT Administration Jobs News
Kresge Library - A teaching library with an oustanding student-centered information literacy program
MGT 656 - Entrepeneurship
Begin by determining the SIC/NAICS code for your proposed business. You can do this online at the census site: This number is

http://www.census.gov/epcd/www/naics.html

or in the library's reference collection with the North American Industry Classification System.

Description of Market Segments
(Includes information on how many people in different segments, how much different segments spend on different items.

Electronic: Consumer Expenditure Survey, US Census/American Factfinder
Print: Official Guide to Household Spending, Who's Buying for the Home, Survey of Buying Power (in Sales & Marketing Management), MRI Mediamark Research Publications

Description/Listing of Companies in an Industries
(Good for estimating number of companies in an area and characteristics of those companies (i.e., sales)

Electronic: Yellow Pages
Print
: Dun's regional business directory. Michigan metros (excluding Detroit), Dun's regional business directory. Detroit, Michigan business-to-business sales & marketing directory, Market Share Reporter.

Descriptions of Industries
Figure out annual sales in the industry (in your area if possible).

Electronic: bizstats.com, Lexis-Nexis Industry Information
Print: Industry Wide Information: Standard & Poor's Industry Surveys, Manufacturing and Distribution USA, US Market Trends & Forecasts Area Specific: Dun's regional business directory. Michigan metros (excluding Detroit), Dun's regional business directory. Detroit, Michigan business-to-business sales & marketing directory

Descriptions of Individual Companies

Electronic: ABI/Inform (for articles about companies), Lexis-Nexis Business, Lexis Nexis Company Financial Information, Lexis Nexis Company SEC Filings (shareholder reports, SEC filings, etc)
Print: Market Share Reporter


Other Sources of Data

Articles on your business / industry. Try ABI Inform or Lexis Nexis Business News, Lexis Nexis Company F

score.org:
http://emc.dev.score.org/index.cgi?partner=ASKSCORE&action=skills
This site provides a list of retired executives that you can e-mail who specialize in your industry.

siteselection.com
http://www.siteselection.com/issues/2002/may/p252
Sales per square foot

bizstats.com
http://www.bizstats.com
Sales per employee, Sales per square foot, Average Sales per Company, Average expenses

Survey of Buying Power.
This resource uses census data combined with marketing data to produce effective buying income; total retail sales to market data; and projections for population, effective buying income and retail sales. Organized by state, county, and MSA.

Census of Retail Trade.Washington, DC: U.S. Department of Commerce.
Census of Wholesale Trade. Washington, DC: U.S. Department of Commerce.
Census of Manufacturing. Washington, DC: U.S. Department of Commerce.
Census of Service Industries. Washington, DC: U. S. Department of Commerce.

Use this data to locate potential markets. It gives data by specific industry including number of establishments, sales, and payroll.

Dollars & Cents of Shopping Centers. Washington, DC: Urban Land Institute (ULI), 1992.

Excellent source for data on sales per square foot and median size of storefront businesses. Lists lease arrangement, average rental rates per square foot, and other costs to retail and service stores located in shopping centers. Information is sorted by type of store and type of shopping center.

Sharon Kahn & Phillip Lieff. 101 Best Businesses to Start. New York, NY: Doubleday & Company, 1988.

This book examines some key issues every potential owner should consider before starting a business. Each business entry lists expected start-up dollar investment, typical annual revenues, and staff requirements to operate the business. Kresge Library does not own this item.

Consumer Expenditure Survey (CES) - Bureau of Labor Statistics
http://www.bls.gov/cex/
Consider the Consumer Expenditure Survey (CES). A great cite to figure out how much the average person might purchase of your product.

Small Business Profiles, United States Small Business Administration