Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
The challenges of running a business in a rural area
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Jonaville, post: 72231, member: 26893"] 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. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
The challenges of running a business in a rural area
Top