It’s difficult to start a business, but even more difficult to make it past the small business mortality period of 5 years, during which more than 50% of them go out of business. Make it to 10 years and you’re in a survival group of 34% or less, according to the Small Business Council.
That makes Foshee Jewelers very special. The Lakeland, Florida retailer with 60 years of continuous service not only beat the odds, but blows the stats out of the water. Although he never dreamed he’d be operating his store this long, Clyde is quick to tell you that his kids keep him going.