Small Business Owners Can’t Retire in Uncertain Economy

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Published November 08, 2012

| LearnVest

It’s a common American dream: Start a business, build it up, sell it for a handsome sum and use that money to retire comfortably.

But the economy ruined that plan for many entrepreneurs, who are still working 12-hour days to keep their businesses afloat long after they’ve passed retirement age.

The Wall Street Journal reports the weak economy has been hard for small business owners, whose revenue has increased only 3% since 2007 and even declined in certain industries such as construction (-12%) and real estate services (-3%), according to Intuit Inc.

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URL

http://www.foxbusiness.com/personal-finance/2012/11/08/small-business-owners-cant-retire-in-uncertain-economy/