Shellebrate's Souvenir Shop

Supporting local businesses is the best thing you can do for your local community and even small beach towns you're just traveling through that you spend time in.

Did you know, according to Forbes.com?

  1. "Family’s all in. About one in five firms are family-owned. Industries that have the highest share of family-owned businesses are management of companies and enterprises (46.4 percent of firms in this industry are family-owned), real estate and rental and leasing (37.3 percent), and accommodation and food services (33.2 percent)."
  2. Bootstrappers. Business owners more often use personal and family savings to finance expansions (21.9 percent of small firms) than they use business loans from financial institutions (4.5 percent). Business profits and assets (5.7 percent) and business credit cards from banks (3.3 percent) are other popular sources of capital.
  3.  Survival rates. The one-year survival rate for businesses hit 79.9% in 2016 – the highest share since 2006. About half of all establishments survive five years or longer, and only one-third survive 10 years or more.