Only about half of all new businesses last five years, according to data collected by federal agencies.
So to make a somewhat rough analogy, its even harder to make a business work than a marriage.
The statistics on small businesses make the achievements of the winners of the annual Wichita Metro Chamber of Commerces Small Business Awards all the more impressive. Over the 10 years that the contest has been held, 15 winners have been named, and every one is still in business.
Today The Eagle, which helps sponsor the awards, offers a closer look at the 10 finalists for the 2014 awards. The businesses featured have been through a months-long process that includes written applications, participation in chamber events, and site visits from judges. The finalists are divided into two divisions: Tier 1 for companies with 25 or fewer employees and Tier 2 for companies with 26 to 100 employees.
Their stories represent the hard work, solid values and admirable ambitions that go into running a successful small business.
The next step in the competition will be to determine an overall winner in each division. The announcement of those winners will be made at a luncheon event May 7. For information about the luncheon, go to wichitachamber.org
Profiles of the 2014 finalists: