Locally owned shops and restaurants can add more character (and hipsters) to a town than one might imagine. Even though locally owned small businesses can be trendy hangouts, they tend to struggle to make it financially. It is estimated that about half of small businesses fail within the first year while 95 percent fail within five years.
Despite these realities, there is still hope for those looking to open a small business. This infographic from Top-Business-Degrees.net deals with a few types of high-risk small businesses and gives counsel for making those small businesses succeed.
