Adrian Coulter, owner of XL Feet of St. Paul, has trod fresh ground to provide shoes for men with big feet.
Coulter, 34, has survived the precarious first several years in which most small businesses fail.
The entrepreneur is one of the thousands of minority business owners who are putting out a shingle at a much faster rate than the overall market.
But minority-owned businesses also have a high failure rate, due to low capital, difficulty securing credit, limited business experience and other challenges, according to local small business advocates and a recent Federal Reserve study.
"It's been a challenge," Coulter said during a rare breather on a December Saturday in which his online (XLfeet.com), telephone and in-store sales set a single-day record of $9,300. "I started out with some shoes, a van and a vision. If the venture isn't exciting enough to keep you up at night before you start it, then it's probably not worth pursuing."
Coulter secured critical expansion capital last year from a community lender, after several years of business counseling and after cleaning up a credit deficiency from a decade ago. XL Feet generated profitable sales in 2017 of about $1.3 million, up more than 50 percent from 2016.
Coulter, who works six to seven days a week, plans to add one or two full-time employees in 2018.
More than 90 percent of Coulter's sales come from online and telephone orders, which he fills from his warehouse. It is about three times the size of his XL Feet store, east of downtown St. Paul. And two of his in-store customers drove at least two hours to try on boots and shoes for their extra-large feet.