The number of new businesses often spikes during a recession as some people who've been laid off use the opportunity to make a go of it on their own.
We all know that starting a business is a risky proposition, but some types of businesses are much more favorable to startups than others. In this week's edition of Upside/Downside, ideastream®'s Eric Wellman speaks with Scott Shane. Shane contributes to the "Your the Boss" blog on the New York Times' web site. This week's column looks at what kinds of new businesses tend to be most successful. He teaches economics at Case Western Reserve University.
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