Small Business Owners Can’t Retire in Uncertain Economy

By Alden WickerLearnVest

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.

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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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