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Recession start-ups are more profitable

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.

To see the whole article, click on the following link: www.telegraph.co.uk

Published : 9/9/2014

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