Open a franchise in a rural community

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

About Daryl Phillips, CEcD

I am a professional economic developer. I presently work for communities and companies in developing and implementing workforce and economic development solutions as CEO of Phillips Economic Development Solutions (Phi EDS). Prior to September 2017, I was the economic development professional who served a community team of elected officials, business people, community leaders and dedicated stakeholders for economic development in Cheatham County, Tennessee (pop. 39,880) and its four towns. During my five-year tenure, I served the team as Cheatham County grew over 1,700 jobs, turned around population declines at the start of this decade into healthy population growth, increased tourism expenditures 20.3% and local tax revenue from tourism 25.4%, grew sales tax revenue 36%, focused on developing the local workforce and was recognized by SmartAsset as having the 9th highest Incoming Investment Index of all the 95 counties in Tennessee. 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 the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council and hold a Master of Business Administration from Tennessee Technological University.
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