Absolutely. In the UK, the majority of our studios are small and independent. The success or failure of each studio comes down to the quality and dedication of the teachers and staff, and their capability to run a shrewd business as well as teaching with passion and knowledge. If they can do all this - they succeed. If they can't - they don't. There are probably three major players in my local county, and they all succeed because they are capable teachers who run a tight ship. There are many other studios that are mediocre or worse, but that is down to poor teaching or fly-by-night ideas, rather than the fact that they are independent.