It can sometimes be tough to adjust a business plan. Entrepreneurs, whether they own a Grand Rapids small business or startup venture, often have a vision of the path they want to follow or they think they are supposed to follow. They are on this path and they don’t take the time to step back and adjust that path because of any number of changes. Entrepreneurs should take a page out of the book of a West Michigan business assistance group.
Grand Rapids SmartZone is going through changes in its administrative structure and management due to the changes West Michigan’s economy, specifically citing the growth in Grand Rapids’ life science industries. These changes include more formalization of governing bodies and more active roles of other business support groups in the administration.
The Grand Rapids SmartZone was developed to assist in West Michigan business development. The goal is to connect various standalone business assistance entities for entrepreneurs to get “one-stop shopping” to grow their businesses. It allows for the development of Grand Rapids startups by providing incubators, connections, potential customers, capital sources, and other business resources. At the same time the Grand Rapids SmartZone assists existing West Michigan businesses through groups such as Manufacturers Council, Innovation West Michigan and West Michigan Medical Device Consortium.
The Grand Rapids SmartZone is an awesome resource for local businesses and growing the local economy. But for a state that ranks low in small business and startup development regularly, there needs to be more help for West Michigan startups and small businesses. With so many pitfalls at every turn, the business world can be a cold place for startup or small business. Turning to entities like the Grand Rapids SmartZone and others can provide you with the resources you need. Help in business is always a good thing.
Source: “GR SmartZone changes begin to take shape” by Mark Sanchez of MiBiz.