{"id":15251,"date":"2023-11-13T06:24:06","date_gmt":"2023-11-13T12:24:06","guid":{"rendered":"https:\/\/smallbizsurvival.com\/?p=15251"},"modified":"2023-11-09T16:13:12","modified_gmt":"2023-11-09T22:13:12","slug":"rural-entrepreneurs-start-small-to-succeed-global-entrepreneurship-week","status":"publish","type":"post","link":"https:\/\/smallbizsurvival.com\/2023\/11\/rural-entrepreneurs-start-small-to-succeed-global-entrepreneurship-week.html","title":{"rendered":"Rural entrepreneurs start small to succeed: Global Entrepreneurship Week"},"content":{"rendered":"

Part of our Global Entrepreneurship Week celebration<\/a> Nov 13-19, 2023.<\/h2>\n

Find this and other Global Entrepreneurship Week events\u00a0listed on the official calendar at GenGlobal<\/a>.<\/strong><\/p>\n

The old way to go into business<\/h1>\n

Imagine all the work that goes into starting a new business. You need to be a good business manager, a marketing guru, and a financial wizard. You need to have great credit, have plenty of your own money, and you better know the right people. You need to have all your ducks in a row.<\/p>\n

It takes a lot of time, money and work just to get into business.<\/p>\n

The new way is to start small<\/h1>\n

Now imagine building some steps in between. If you could buy just a few products and test them by renting a booth at a festival, you’d learn more about what works. You could run a temporary business inside another business for a month or two for more testing. You could outfit a travel trailer as a store and set up a circuit of small towns, building a customer base. If something doesn’t work, you can fix it and try again. Now jumping up to starting a traditional store doesn’t seem as hard. You’ve learned what people want to buy. You’ve established relationships with suppliers. You’ve gained a loyal following. All those smaller steps lift you up closer to jumping over that hurdle of starting a traditional business. And if you miss a jump at a smaller step, it’s easier to recover and try something new.<\/p>\n

That’s the purpose of the innovative rural business models.<\/strong> They put you in a much better position to succeed, or to fail in a manageable way. It cuts time and money off the process of getting into business.<\/p>\n

You don\u2019t need to have all your ducks in a row, as long as you can find one of your ducks and get started.<\/p>\n

The Innovative Rural Business Models<\/h1>\n

First is TINY<\/strong><\/h2>\n
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  • Rather than expect your business to start full-sized, it\u2019s much easier to start something small.\u00a0 With tiny retail shops, tiny food kiosks, tiny industrial spaces, tiny offices, and tiny artist studios, starting small takes fewer resources, and puts your fragile new entrepreneur idea at less risk from big failures.<\/li>\n<\/ul>\n\n\t\t