Page 3 - Upper Peninsula Business Today -- July 2018
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JULY 2018
UPPER PENINSULA BUSINESS TODAY PAGE 3
Eagle Mine is an underground, high-grade nickel and copper mine located in western Mar- quette County of Michigan’s Upper Peninsula. It is the first mine to be permitted under Michi- gan’s Part 632 Non Ferrous Mineral Mining Law. The mine is expected to produce 365 mil- lion pounds of nickel, and 295 million pounds of copper, and trace amounts of other minerals over its estimated eight year mine life (2014- 2022).
Lundin Mining is a diversified base metals mining company with operations and projects in Chile, Portugal, Sweden, and the U.S.A. pro- ducing copper, zinc, lead and nickel. In addition, Lundin Mining holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Our Mission is to produce high quality nickel
and copper by processing 2000 metric tons of ore every day at the lowest cost per ton milled. We manage our operations to minimize impact on the environment and continuously seek ways to exceed the requirements set forth in our per- mits. We have established a safety culture that is resolute in achieving zero harm. Maintaining strong community relationships built on trans- parency and trust is central to our commitment to being a socially responsible company. We are proud to define modern mining and prove that high standards lead to a successful business that benefits our employees, their families, our com- munity, and our shareholders.
Our Vision is to produce high quality nickel and copper with industry best practices in safety, environmental protection and community engagement for modern mining.
So you’ve got a great idea, one that you know will soar in the Michigan business world, maybe you’ve even dabbled with the logistics of starting your own company. While it may seem cut and dry, before you dive in head first, stop and think about the pros and cons of your big idea.
“Starting your own business can be a exciting adventure but it’s one that takes careful plan- ning,” said Melanie Duquesnel, BBB President & CEO. “You must decide what the unique fac- tor is to your idea and how you can best market it to your target audience. It is important to develop a proper business plan for your startup to succeed.”
Better Business Bureau Serving Eastern Michigan and the Upper Peninsula suggest these tips to help you in your quest for a fresh idea.
Do you have a good idea? You don’t necessar- ily need a new idea, but you don’t want to put a product or service on the market if it is already full of similar products or services. It’s hard enough to get started without competing with existing businesses which already have loyal cus- tomers. What will make your idea unique?
Do your Research! Research the type of busi- ness you want to start. Who has been successful in this business? How much time is required? Will you need to learn any new skills to be suc- cessful? Is training provided? How much income can you earn? If possible, talk to others who have run a successful business in the field you wish to work. You may consider working in the industry for at least a year and try to learn as much as pos- sible. You may realize the industry is not for you after all.
What type of business structure will you
have? Financial and legal implications will vary depending on the legal structure you choose. Once you determine your legal structure, you will need to properly record the business name with the state and/or county. In the State of Michigan, there are several legal options for set- ting up your business structure. It is wise for business owners to seek the guidance of a profes- sional tax consultant, accountant, and/or attor- ney to verify all legal requirements are met before choosing a business structure. Go to bbb.org/detroit to find a consultant you can trust.
Will you need help coming up with start-up- costs? To ease your financial burden, you may want to find investors for your business. Gener- ally, a knowledgeable investor will not put his or her money into a new business unless you have made a sizable financial commitment yourself. An experienced investor knows that you will be more motivated to make your business work if you have a considerable amount of your own money in the business. Most investors will look for you to put up at least 50% of the start-up costs. Those looking for a good source of fund- ing can contact the Small Business Administra- tion for advice and knowledge of programs and loans or grants that may benefit your business.
Have a plan. The old adage “If you don’t know where you’re going, how do you know when you get there?” certainly rings true in the business world. Your business plan is your map for suc- cess. It can be simple, but remember to pay attention to the details.
For additional resources on how to build a better business, visit to bbb.org/detroit.
Eagle Mine
How To Build A Better Business
Better Business Bureau
WANT TO SEE
YOUR AD HERE? To Advertise, Call (906) 786-2021 or
email to generalmanager@upbiztoday.com
Northern Harvest Creations
Abbie VanSloten, born and raised in Sault Ste. Marie, Michigan recently opened Northern Harvest Creations at 411 West Portage Avenue across from the Soo Locks. Abbie and her father Dane Wallis are passionate beekeepers and have been gaining positive attention for their local honey products.
Abbie’s dream was to establish a unique, shop featuring high-quality products, and Northern Harvest Creations is exactly that. Her shop fea- tures different varieties of honey and honey- related products, as well as other local products
such as maple syrup cream, infused syrups, cof- fee from Superior Coffee Roasting, and unique, locally crafted metal art. She also carries 100% beeswax candles, lavender products, and a great selection of postcards.
Northern Harvest Creations is “The Honey Store with a Little More,” and is truly a great place to stop and shop. Visit Abbie between 10am and 6pm at 411 W. Portage, just next door to Long Ships Motel and Zak’s Kandy Haus. Make sure to follow Northern Harvest Cre- ations on Facebook!


































































































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