As different places begin to allow local businesses to open up, you’re not alone if you’re breathing a sigh of relief mixed with a gasp of worry. We all need the money. We all want to get back to being useful for the people we serve. And some or most of us are worried about…
Survival skills for small town businesses in the Coronavirus era By Chris Brogan As the world starts to ask what’s going to happen when this pandemic is finally over and we can look at what it will take to jumpstart the economy again, one venture capitalist says we have to save Main Street and not…
If you need outside funding to get to the next step in your rural small business, your next step is too big. Before you bet big on your business idea, test it with small steps. Make some sales from your front yard, then try a booth, then a trailer, then think about moving up…
Guest post by Micah Lorenc Let’s talk about a topic that’s commonplace in business schools, but not as familiar to rural small businesses. I’m talking about Sunk Costs. I recently had a conversation with a close friend who is pursuing a new business opportunity, building a gym in a small, rural town in Southern Utah….
One of the challenges of a business is developing your team of employees. Previous posts have discussed how to find and hire new employees (Hiring New Employees, Time to Hire, and Employees are Your Foundation are three examples). The difficult part though is getting everyone to work together and focused on the end goal. Business…
It’s the essential entrepreneurial skill that is under appreciated: knowing what not to do. In small towns, entrepreneurs tend to have more than one line of business. Some have seasonal businesses, and some just have different lines of income within their business. Where we have fewer people in our local market, it makes sense…
If you have ever sold a home, you can sell your business in a small town A guest article by John Warrillow, author of Built To Sell Owning a business in a small town has many benefits, but one of the drawbacks is the difficulty of finding a buyer for your business when you decide…
Many small-business owners fear that an increase in prices will drive customers away. This idea made the headlines in 2016 when New Jersey implemented a substantial gas tax increase making prices jump 10% or more overnight. Gas station owners were concerned that people will go somewhere else for cheaper prices or to other transportation alternatives….
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