Jonaville
Active member
We usually start a business to be able to serve the needs of our potential customers and at the same time using the profits to take care of ourselves too. However, starting a business in the rural areas has more challenges than its urban counterpart. This challenges can make running a business difficult and we might get discouraged to the point of giving up. Below are some of the challenges businesses face in rural areas. Feel free to add yours.
1. Underpopulation: when there are not many people around, how many customers can one have? Most likely just a few.
2. Low cost of living: Yes, the cost of living in rural areas is lower compared to the urban ones, this means your products or services will be bought/offered at lower prices.
3. Lack of banking services: In some rural areas, there is only one bank, in others there are none. So this makes it hard to manage finances. If POS services are available, they will charge high prices.
4. Inadequate basic amenities: Shortage of electricity, water, good housing system can make running a business stressful.
5. No good roads: if the roads are bad, mobility and transportation of products will be very difficult to carry out.
1. Underpopulation: when there are not many people around, how many customers can one have? Most likely just a few.
2. Low cost of living: Yes, the cost of living in rural areas is lower compared to the urban ones, this means your products or services will be bought/offered at lower prices.
3. Lack of banking services: In some rural areas, there is only one bank, in others there are none. So this makes it hard to manage finances. If POS services are available, they will charge high prices.
4. Inadequate basic amenities: Shortage of electricity, water, good housing system can make running a business stressful.
5. No good roads: if the roads are bad, mobility and transportation of products will be very difficult to carry out.