The number of proprietors is on the rise, too: this figure grew by 1.3 percent in 2014. So, while the failure rate for restaurants is high, many that survive become highly profitable.
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The attraction to most people in purchasing a small business is obvious. With the flexibility now offered by the Internet, an increasing number of small businesses can be run from rural premises. It is not always necessary to have an ‘office front’ in a reasonably well frequented location. Boreas Books, retailing fine or rare books and first editions, is located in the Orkney island archipelago and could not be further from a metropolis, but still prospers. Offering an exclusively online service it has no need of over-the-counter sales. Or you could focus more on building up your own social media accounts and eventually build your business as a social media influencer … Read the rest