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 […]
Selling a business in a small town
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 […]
