Business basics

University of Virginia statistics in 2012 indicate that a quarter of all small businesses fail in the first year, and that 46 percent of those failures are due to incompetence. U.S. Census data is showing small signs of revival in wholesale and retail sales. According to the U.S. Department of Labor, the recession hit small and large businesses equally.

Locally, aspiring entrepreneurs are still dreaming of running their own businesses.

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