Learning from the failures of 2009

12/30/2009 | NYTimes.com

About 400,000 small businesses failed in the first quarter of this year, making 2009 "arguably the worst year for small business since the Great Depression," according to economist Mark Zandi. This article puts a face on seven of those businesses, including a clothing boutique, a gym and a greeting card store, looking at what went wrong -- and the lessons these failures can teach fellow entrepreneurs.

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