Starting A Small Business? Here are the 4 Types Americans Say They Visit Most

SouthWorks / Getty Images/iStockphoto

SouthWorks / Getty Images/iStockphoto

When it comes to starting your own business, the options are endless. Americans love supporting local stores, but the nature of supply and demand can be risky. The Small Business Administration (SBA) released a report in 2019 that revealed that approximately 20% of small businesses fail in the first year, and another half fail by year five. Within 10 years, only a third of those startups will survive.

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Small Business Spotlight 2022: small-businesses-across-us/?utm_campaign=1175687&” data-ylk=”slk:GOBankingRates Celebrates Small Businesses Across the US;elm:context_link;itc:0″ class=”link “GOBankingRates Celebrates Small Businesses Across the US

One way to boost the survivability of your own business is to know which shops and services people frequent the most. GOBankingRates asked 1,000 Americans which small businesses they frequent the most. Starting with the least, these are the four most popular businesses.

4. Bookstores

As much as one might love Barnes & Noble Bookstores, there are a large number of locally owned bookstores throughout the country. These independent stores focus on supplying the needs of their individual communities. Some have even become famous due to their environment and the breadth of their book selection. Parnassus in Nashville and Second Story Books in Washington D.C. are both wonderful examples of bookstores that have both longevity and success with their customers.

3. Pet Shops

The third most frequented small businesses are pet shops. Regardless of whether the store focuses on selling pet supplies or the pets themselves, Americans tend to shop at their local pet stores — both in person and online. Large companies like Petco and PetSmart seem to dominate the market, but there is a lot of success to be had in opening a pet shop, especially if your community

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GOBankingRates Celebrates Small Businesses Across the US

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mavo /

For the second year in a row, GOBankingRates is recognizing noteworthy businesses across the country through our Small Business Spotlight series. We asked our readers to nominate their favorite restaurants, coffee shops, fitness studios, salons, boutiques and more, and now, we’re shining a light on those deserving businesses and the people behind them.

Here It Is: Our 2022 Small Business Spotlight
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This year’s most-nominated business is small-business-spotlight/?utm_campaign=1177006&” data-ylk=”slk:The Bakester’s Pastries” class=”link “The Bakester’s Pastries, located in Willcox, Arizona. The bakery-slash-deli offers a variety of homemade food and pastries, from cinnamon rolls to biscuits and gravy.

“It’s actually a childhood dream of mine to have my own restaurant,” owner Leigha Burris told GOBankingRates.

Upon hearing that hers was the most-nominated business of the year, Burris said, “it made me tear up a little bit! Our community is amazing.”

Another noteworthy business,” data-ylk=”slk:A Separate Reality Records” class=”link “A Separate Reality Records, a record store in Cleveland started by music industry vet and cancer survivor Augustus Payne, was nominated for the second year in a row.

“This is not only a business for me but a true labor of love,” Payne said.

Check out more of the amazing businesses nominated this year:

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