8/10/2010

It's a myth that recessions nurture the growth of small businesses, argues this professor of entrepreneurial studies. The rate at which people started businesses fell by 13.3% from 2007 to 2009, and twice as many businesses went bankrupt in the first quarter of this year than in the same period three years ago. As access to credit and capital remains tight, more small-business owners are worrying about survival and an exit strategy.

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