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Show You Have The Urge For Own Business? SPECIAL TO THE CLIPPER To what extent have Davis County residents, with an urge to be their own bosses, been going into business for themselves? How many in the local area are now self employed. ALTHOUGH the launching of a new business is always a risky proposition, it is especially so in these times, when credit is tight, prices high and competition keen. Nevertheless, the spirit of individual enterprise and the willingness to venture will-prevail will-prevail locally, despite the hazards involved. Some undertakings un-dertakings succeed and some do not. EACH YEAR, although the failure rate is high among new businesses, there are additional ad-ditional people ready to take the plunge. Many of those who have done so lately had been out of work for a long time and had become tired of waiting for jobs to materialize. They are striking back rather than striking out. In Davis County, as a result, the proportion of the working population that is self-employed is relatively large, according to the latest Department of Commerce figures. THEY SHOW that some 1,750 men and women in the area have their own businesses, professions or farms. This is exclusive of those connected with incorporated incor-porated enterprises, even though they may have controlling con-trolling interests in them. Among them are the storekeepers, the barbers, the doctors, the gas station operators, the farmers and the like. IN TERMS of the number of local people who are employed, it means that 5.4 percent are self-employed. It is a bigger ratio than in many sections of the country. Nationally, about 500,000 new businesses are started each year, far exceeding the number that are discontinued because of death, retirement or failure. MOST POPULAR among the newcomers are grocery stores and lucheonettes, mail order operations, franchise outlets and service businesses. What is needed for success, according to advice from the Labor Department, is enough capital or credit to carry through the hazardous startup start-up period, a willingness to work hard, adeq ua te knowledge of the particular business and imagination and flexibility to cope with varying vary-ing situations: |