For those of us trying to find some time to do retail development in rural areas, the challenges are numerous. Traffic counts and rooftops may not compete with more urban areas. In addition, local entreprenuers and developers gravitate toward non-rural markets. One way to change that is to provide support to those who may have the financial resources, but are just not comfortable making the plunge. A franchise may also help provide structure and a proven business model. I have had some discussion about providing training about franchises to folks who may be interested in becoming a franchisee in a business friendly rural area like Hickman County. In the meantime, SBA provides some good information on deciding if becoming a franchisee is a wise business move. Check out “Buying a Franchise” on SBA.gov.
… it’s probably here somewhere
Daryl Phillips, CEcD, EDFP
I work as an economic developer consulting with communities and companies developing locations, building communities and identifying and developing workforce. However, my opinions on this blog are free and my own, as is the blog itself.
I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers.
I have earned over 20 years experience in economic and workforce development. I have earned and maintain the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council. I have earned a Master of Business Administration from Tennessee Technological University.
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