Businesses that started up during the recession appear to be doing better than businesses that started up before it, according to Hiscox’s DNA of an Entrepreneur survey. 49% of recession start-ups have reported a rise in profits over the past 12 months compared to 42% of other firms. This does not come as a huge surprise, considering some of the world’s most successful companies were founded during a recession. Microsoft was started in the recession that came after the 1973 oil crisis, and General Electric was launched during the depression in the 1890’s.
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