That’s a statistic that’s often quoted, but actually has no basis of fact.
Two-thirds of new small businesses survive at least two years, and just 44 percent survive at least four years, according to a study by the U.S. Small Business Association. According to a study by Wells Fargo, 50% of small businesses that actually employ people fail within five years.
WifeofRiley, you’ve got a great opportunity to do something that you can enjoy and at the same time, make some money. Keep your overhead down with dogs and chili, and the eatery and the produce market will draw customers for each side.
Someone stopping in for a dog or bowl of chili won’t resist the urge to look at your produce offerings and those who’ve stopped to buy produce will be drawn into your eatery.
Lot’s of potential here.