Ali Ghambari knows what it feels like to have a competitor with almost unlimited resources right next door. In the land of Starbucks, Ghambari owns 10 Cherry Street Coffee House locations around Seattle.
For Ghambari and more than 574,000 other small businesses in Washington state, competition is only one of many challenges they face. The rising cost of health care, recruiting and retention and new regulations make running a small business increasingly difficult.
More than 50 percent of small businesses fail after the first five years, according to the U.S. Small Business Administration. Even so, these companies have a $702 billion economic impact on the state and employ 1.3 million people. It’s a heroic feat, and that’s why the Business Journal has recognized nine Puget Sound-area business leaders who are driving business growth, job creation and community betterment. Continue reading Seattle small businesses owners have big ideas