Startup Success Norfolk is set to flourish with the introduction of StartGrowBiz, an online tool designed to guide budding entrepreneurs through the various stages of business development. From planning to growth, StartGrowBiz provides comprehensive support for new businesses, assisting with tasks such as business plan development, market research, location selection, bank account setup, tax payment, asset acquisition, and even mergers and acquisitions. Additionally, the platform connects existing businesses with City contract opportunities and provides other resources from the Department of Economic Development. As the first city in Hampton Roads to provide such a resource, Norfolk is paving the way for startup success in the region.
Introduction
NORFOLK, VA – Don’t wait until daylight to develop your new business! StartGrowBiz is a new, online tool that will walk budding entrepreneurs through planning, launching, managing, and growing their business.
Benefits of StartGrowBiz
“As we think about economic inclusion and creating access and opportunity, the City of Norfolk is proud to offer a resource that’s available to entrepreneurs which takes their business from an idea to execution. Sometimes the best ideas come at 2 am and StartGrowBiz supports that,” said Aleea Slappy-Wilson, Chief Diversity Officer.
Four Easy Steps for Business Development
- Planning – developing a business plan, conducting market research
- Launching – Determining business location, opening business bank accounts
- Managing – paying taxes, purchasing assets and equipment, marketing and sales
- Growing – business mergers and acquisitions, exporting products, expanding
Additional Resources
StartGrowBiz provides additional resources and supports already available to small businesses in the Department of Economic Development.
Testimonial
“Economic Development is thrilled to lead the region and offer this online resource that will support our small businesses. The team’s experience working with entrepreneurs shaped StartGrowBiz and ensures we are providing the information an individual needs to develop a small business,” Jared Chalk, Director, Economic Development.
Existing Businesses
StartGrowBiz also serves as a one-stop-shop for existing businesses by connecting established business owners to City contract opportunities. Existing businesses are also encouraged to register with the Department of Economic Development for additional customized service and support. Follow this link to register today.
Norfolk is the first city in Hampton Roads to offer an online business development resource.
Question & Answer
What is StartGrowBiz?
StartGrowBiz is an online tool designed to guide budding entrepreneurs through the various stages of business development, from planning to growth. It provides comprehensive support for new businesses, assisting with tasks such as business plan development, market research, location selection, bank account setup, tax payment, asset acquisition, and even mergers and acquisitions.
What are the benefits of StartGrowBiz?
StartGrowBiz offers economic inclusion and access to opportunities for entrepreneurs. It helps take businesses from an idea to execution, supporting entrepreneurs at any time, even at 2 am.
What are the four easy steps for business development with StartGrowBiz?
The four easy steps for business development with StartGrowBiz are planning (developing a business plan, conducting market research), launching (determining business location, opening business bank accounts), managing (paying taxes, purchasing assets and equipment, marketing and sales), and growing (business mergers and acquisitions, exporting products, expanding).
What additional resources does StartGrowBiz provide?
StartGrowBiz provides additional resources and supports already available to small businesses in the Department of Economic Development.
