{"id":4501,"date":"2019-11-13T16:21:50","date_gmt":"2019-11-13T22:21:50","guid":{"rendered":"https:\/\/wearememphis.com\/?p=4501"},"modified":"2024-03-28T14:57:44","modified_gmt":"2024-03-28T19:57:44","slug":"business-resources-needed-to-thrive-in-memphis","status":"publish","type":"post","link":"https:\/\/wearememphis.com\/hustle\/business\/business-resources-needed-to-thrive-in-memphis\/","title":{"rendered":"Business Resources Needed to Thrive in Memphis"},"content":{"rendered":"\r\n<p>While the <a href=\"https:\/\/wearememphis.com\/business\/entrepreneurship\/\">grit of entrepreneurship<\/a> isn&#8217;t for everyone, it&#8217;s something etched in the DNA of many Americans. According to FitSmallBusiness, more and more people leave the traditional workforce for full-time self-employment each year, more than half of startups began in a garage and over one-third of entrepreneurs work more than 40 hours a week.<\/p>\r\n\r\n\r\n\r\n<p>Often cited as one of the best cities in which to start a business \u2014 including in 2019 by Inc. and WalletHub \u2014 is <a href=\"https:\/\/wearememphis.com\/explore\/\">Memphis, Tennessee<\/a>. Memphis offers a unique environment for small businesses that couples the resources of a big city with the willingness to help and a warmth that comes only from a small town. In addition, business startup costs are low in the city, and there is much-better-than-average access to funding.<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" class=\"wp-image-4503\" src=\"https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-beale-street-1024x603.jpg\" alt=\"Memphis Beale Street\" srcset=\"https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-beale-street-1024x603.jpg 1024w, https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-beale-street-300x177.jpg 300w, https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-beale-street-768x452.jpg 768w, https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-beale-street-800x471.jpg 800w, https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-beale-street.jpg 1260w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n\r\n\r\n\r\n<p>Check out our list of the best resources to keep <a href=\"https:\/\/wearememphis.com\/business\/entrepreneurship\/\">entrepreneurs thriving in Memphis<\/a> \u2014 but keep in mind this is just the tip of the iceberg.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>City of Memphis Business Development Center<\/strong> &#8211; The BDC provides training and counseling, plus offers loan programs to women- and minority-owned small businesses thriving in Memphis. This includes the City of Memphis Micro-Loan Program, an alternative working capital financing program, and the Grow Memphis Fund, which is designed to create job growth and expansion.<\/li>\r\n<li><strong>Small Business Development Center hosted by Southwest Tennessee Community College<\/strong> &#8211; The TSBDC is comprised of business consultants who provide guidance and advice to small businesses at no charge. Its resources include <a href=\"https:\/\/wearememphis.com\/business\/doing-business-in-memphis\/\">business and marketing planning<\/a>, cash flow analysis and counseling.<\/li>\r\n<li><strong>Small Business Administration<\/strong> &#8211; Particularly useful in helping entrepreneurs start their businesses, the SBA provides information on Tennessee and regional applications and licenses, financing including loans, and government regulations.<\/li>\r\n<li><strong>Black Business Association<\/strong> &#8211; A nonprofit 501(c)(3) and the largest trade association of its kind in the region, the BBA focuses on empowering women- and minority-owned businesses thriving in Memphis.<\/li>\r\n<li><strong>Greater Memphis Chamber<\/strong> &#8211; The Greater Memphis Chamber places a large emphasis on helping locally owned businesses with training opportunities, the Move Your Money to Memphis program to drive sales, loan programs, and incentives to hire local employees. Its Small Business Council was created by members and offers numerous networking opportunities.<\/li>\r\n<li><strong>Epicenter<\/strong> &#8211; <a href=\"https:\/\/wearememphis.com\/business\/epicenter-memphis-has-extensive-impact-on-entrepreneurship\/\">Epicenter is a nonprofit community<\/a> that connects entrepreneurs in tech, creative and community-based businesses with resources for customers, capital and talent. It uses a systems-driven approach and an extensive network of partners to foster the growth and expansion of startups.<\/li>\r\n<li><strong>Start Co.<\/strong> &#8211; Start Co. is a group of accelerators, investors and partners that provide their expert services to startups, particularly in the early stages. Its resources include the acceleration of new technologies, mentoring in finding capital and portfolio management.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"421\" class=\"wp-image-4502\" src=\"https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-start-co-never-stop-business-resources.jpg\" alt=\"Memphis Start CO Never Stop Business Resources\" srcset=\"https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-start-co-never-stop-business-resources.jpg 750w, https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-start-co-never-stop-business-resources-300x168.jpg 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Leadership Memphis<\/strong> &#8211; A service-based program, Leadership Memphis develops community leaders through training and mobilization. The idea behind this collective is to connect leaders in Memphis with information and technology.<\/li>\r\n<li><strong>SCORE Memphis<\/strong> &#8211; SCORE provides free mentoring, as well as workshops and training on small business strategy, marketing, and finance<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>For <a href=\"https:\/\/wearememphis.com\/business\/entrepreneurship\/\">hard-working entrepreneurs<\/a> who put their blood, sweat, and tears into their businesses, there is no city more pro-business than Memphis.<\/p>\r\n<p>You might also be interested in: <a href=\"https:\/\/wearememphis.com\/explore\/travel\/\">Visit Memphis, TN | Memphis Tourism Guide<\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Memphis has consistently been named a top U.S. city to start a business in, thanks to the city&#8217;s affordable cost of living and low business startup costs. It has become a hub for technology and innovation, poising itself as a top destination for entrepreneurs.<\/p>\n","protected":false},"author":2,"featured_media":4505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6,43],"tags":[15,5414,5420,5415],"class_list":["post-4501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-doing-business-in-memphis","tag-featured","tag-memphis-business","tag-memphis-economy","tag-memphis-entrepreneurship"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Memphis Business Resources for Entrepreneurs - We Are Memphis<\/title>\n<meta name=\"description\" content=\"Discover the essential resources and tools needed to succeed in Memphis&#039; dynamic business environment. Start thriving today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wearememphis.com\/hustle\/business\/business-resources-needed-to-thrive-in-memphis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Resources Needed to Thrive in Memphis\" \/>\n<meta property=\"og:description\" content=\"Discover the essential resources and tools needed to succeed in Memphis&#039; dynamic business environment. Start thriving today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wearememphis.com\/hustle\/business\/business-resources-needed-to-thrive-in-memphis\/\" \/>\n<meta property=\"og:site_name\" content=\"We Are Memphis\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/wearememphis\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-13T22:21:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-28T19:57:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wearememphis.com\/wp-content\/uploads\/2019\/11\/memphis-business-resources-the-think-tank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1367\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"We Are Memphis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@wearememphistn\" \/>\n<meta name=\"twitter:site\" content=\"@wearememphistn\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"We Are Memphis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/\"},\"author\":{\"name\":\"We Are Memphis\",\"@id\":\"https:\\\/\\\/wearememphis.com\\\/#\\\/schema\\\/person\\\/2eb1948461870387f405f8b6181551c3\"},\"headline\":\"Business Resources Needed to Thrive in Memphis\",\"datePublished\":\"2019-11-13T22:21:50+00:00\",\"dateModified\":\"2024-03-28T19:57:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/\"},\"wordCount\":529,\"image\":{\"@id\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wearememphis.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/memphis-business-resources-the-think-tank.jpg\",\"keywords\":[\"featured\",\"Memphis Business\",\"Memphis Economy\",\"Memphis Entrepreneurship\"],\"articleSection\":[\"Business\",\"Doing Business in Memphis\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/\",\"url\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/\",\"name\":\"Memphis Business Resources for Entrepreneurs - We Are Memphis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wearememphis.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/wearememphis.com\\\/hustle\\\/business\\\/business-resources-needed-to-thrive-in-memphis\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wearememphis.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/memphis-business-resources-the-think-tank.jpg\",\"datePublished\":\"2019-11-13T22:21:50+00:00\",\"dateModified\":\"2024-03-28T19:57:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/wearememphis.com\\\/#\\\/schema\\\/person\\\/2eb1948461870387f405f8b6181551c3\"},\"description\":\"Discover the essential resources and tools needed to succeed in Memphis' dynamic business environment. 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