Market size and economics variations

Thanks for the insight. I agree on the manufacturing and e-commerce thought. And my market happens to be heavier in mfg. it’s just not a skill set I’m strong in.

I think it largely depends on the type of business. Some businesses, like manufacturing or ecommerce, can be very successful in smaller communities as the market they serve is much larger than the community they are in. However, if you are looking at service businesses, then you really need to look at the available market share to determine how much you can grow. If you want to grow to other markets there will be greater costs typically due to distance and having to establish secondary offices because you cannot service the same area from one office in a smaller demographic. I hope this helps.