What Are the Advantages of Starting Your Business in a More Rural Location?

Starting Your Business in a Rural Location?

You will hear plenty of naysayers if you say that you are thinking about opening your business in a rural location, but there are many reasons why this may be a sage move. Rural areas have a whole different feel than urban locations, but the slower pace and friendly demeanor may be just what your business needs to thrive.

Legal Advantages

While you will still have many laws that you must obey, you will find there are far fewer restrictions in rural farm communities. If you are found breaking a code, you will get plenty of chances to correct the situation in most cases. This is because rural communities want to keep your business around.

Financial Advantages

There are many financial advantages to opening your business in a rural community, including lower taxes. Some commercial loans exclusive to rural locations exist in the hopes of revitalizing weaker communities. You may discover that there are United States Department of Agriculture loans and community development loans that are not available anywhere else. You may also find that land is a fraction of the cost of property in a bigger community. You will probably discover that you can hire experts to help you remodel a building for your business much cheaper than in a larger community. You may also discover that your payroll is much lower, and you are paying employees who genuinely want to help you succeed.

Networking Advantages

When everyone faces less competition in a community, most people are more willing to share their great ideas. They instantly feel that together you share common goals of making the community stronger. You will not have to jump through layers of people to talk to someone at another business. Instead, you can pick up the phone and speak to them or walk into their store and have a friendly chat. If they know the answer to any problem you are encountering, the chances are that they will share it with you.

Way of Life

There is a different way of life in a rural community where the biggest event of the year may be playing the arch-rival on the high school football field. While you may have to hop on a plane to see the latest musical, you will discover that people genuinely care about each other in these types of communities. You can skip the long commutes and walk or drive home in just a few minutes. You will also discover that there are plenty of people who will let you know if something seems amiss around your property.

There are many reasons why opening your business in a rural community is a good idea. You’ll be providing goods and services to an area that may not be able to have them otherwise. Your presence in the community is also an economic boost. People might even make the trek once they hear about your business, so with good marketing your reach can be even greater than the local community. As more people come in, they’ll visit other local businesses too, so it’s a win-win. Start exploring the possibility of opening your business in a rural area today.

You might also like: 9 Traits of Successful Small Business Owners in 2019


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