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 […]
2 Questions to stop you from throwing good money after bad
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. […]
Building a Team
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 […]
Time management: knowing what NOT to do
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 […]
