A record number of new businesses opened last month, but most of them were mom-and-pop operations run by retired baby boomers.
The Small and Medium Business Administration said a total of 8,129 startup businesses were registered in July, the most since statistics began in early 2006.
The figure was also up almost 14 percent compared to the same month last year.
There has been a steady increase in the number of startup businesses this year, from 6,930 in January to 7,729 in April. It fell to 6,365 in May due to the impact of the ferry disaster but surpassed 7,000 in June and rose past 8,000 last month....