Entrepreneurs aren't afraid to take risks.
USA Today reports that in spite of the fledgling economy, new businesses like Minnesota's
Faribault Mill are beginning
to pop up around the country. Faribault, which closed in 2009 after being in business since 1865, has been revived by a group of optimistic investors.
While the
Small Business Administration projects that over 50 percent of new businesses fail in the new year, the Monthly Labor Review has an optimistic outlook on
the economy for 2012.
Optimism may explain the new owners' risky investment. Then again, maybe optimism isn't the right word.
"We were stupid enough to think we could do it," Faribault CEO Chuck Mooty told USA Today.