Prattville Woman Doesn't Let Wall Street Financial Woes Dictate Future - WSFA.com Montgomery Alabama news.

Prattville Woman Doesn't Let Wall Street Financial Woes Dictate Future

Patti Phelps Patti Phelps

PRATTVILLE, AL (WSFA) - Driving a nail in one wall and brushing a coat of paint on another a few feet away, Patti Phelps doesn't spend her time worrying about what happens on Wall Street. That's because Main Street is where her dreams and passions lie.

"When I became a grandmother and shopping around for some children's clothes, I said 'I can do this,' said Phelps.

That was two years ago. Now Phelps is just weeks away from moving her children's apparel business into a much larger building in downtown Prattville.

"We'll be doubling our rent and our power," she said.

And she plans to add an employee. Patti Phelps is fully aware she is taking a risk in the middle of what many have said are 'uncertain times.' The uncertainty of Wall Street and the bitter political battles in Congress over the failed bailout plan.

"I'm scared to death," Phelps said with a nervous laughter.

Yet Phelps wouldn't have it any other way.

"Why do I think I can do this? I have so much passion for this. My customers are so positive. We'll make it work and do a lot of praying," said Phelps.

It's been said businesses often fail within 3 to 5 years. Rosemary Elebash is the head of the Alabama chapter of the National Federation of Independent Businesses.

"There can be various reasons. Employee theft, not enough employees or a fire," said Elebash.

"I'm going to make this work," said Phelps.

Phelps is determined not to become a statistic. At least for today, Phelps' faith mirrors that of Wall Street. Investors sent the Dow Jones soaring more than 400 points. They're feeling optimistic. So is Patti Phelps on Main Street in Prattville.

Phelps is not the only one. More than 97 percent of Alabama businesses are small business owners.

Reporter: Bryan Henry

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