The paper below examines the feasibility of creating an online marketplace supporting local small businesses in Norfolk, VA. This platform aims to address the challenges faced by these businesses, including limited online visibility and difficulty reaching new customers. The paper begins by outlining the problem statement. It then introduces the proposed solution, an online marketplace with features designed to showcase products and services, increase online presence, and facilitate transactions. The potential value proposition for businesses and customers is explored, followed by a discussion the chosen business model and financial projections. Additionally, the paper identifies potential risks and challenges, suggesting mitigation strategies. Finally, the article concludes by reflecting on what is next.

Creating-an-Online-Marketplace-for-Local-Small-Businesses-in-Norfolk