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Entrepreneurs: Start Your Engines

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Some would say it hasn’t been the best of times for small business lately, but with economic indicators starting to turn and consumers returning to Main Street for a bit of shopping therapy, there are a handful of retail sectors that may offer promising prospects for interested entrepreneurs.

IBISWorld recently identified the top five small business retail sectors based on start-up costs, barriers to entry and estimated 2012 revenue growth. Interestingly, while opening a tire dealership probably wouldn’t be among the first businesses to come to mind, it’s one of the most promising small-business retail sectors – fueled by consumers’ growing preference for more fuel-efficient tires.