Small Businesses: Urban Versus Rural

Businesses in rural areas face different challenges than those in urban areas, according to a report from the SBA and SCORE. Examples: Rural entrepreneurs are more likely than non-rural entrepreneurs to say they’re impacted by higher costs of doing business (i.e., rent, utilities, gas), as well as higher financing expenses (i.e., higher interest rates, costs to borrow). With rural America losing population, rural entrepreneurs (45.3%) are significantly more likely than non-rural entrepreneurs (25.5%) to say that population trends impact their business. #IdeaoftheDay