business start-ups

Downturn fails to deter Business start-ups

Downturn fails to deter Business start-ups

> More than 4,000 more start-ups were established last year than in 2007 despite the worsening economic climate, according to figures from Barclays. The research from Barclays found 436,600 new businesses were set up in 2008, compared to 432,300 in 2007. “These figures may seem surprising given the current economic climate,” said Barclays local business managing director, Steve Cooper. “There could be a number of reasons for the robust start-up market, including individuals who have been made redundant opting for self-employment. “We should remember that there are always opportunities, even in more challenging times,” he added. The research also revealed that the number of women starting a business rose by 9% last year, compared with only a 1% increase in male... »

Credit Crunch Spurs Spare Room Business Start Ups

Credit Crunch Spurs Spare Room Business Start Ups

The current economic climate is acting as a spur for thousands of people to become their own boss and to run their own start up businesses from home, according to a report by Enterprise Nation and BT. The 2008 Home Business Report (1.1Mb PDF) from last month’s Small Business Week 2008, highlights a 16% rise over the last year in the number of businesses being run from home. There are now more than 2.5 million home businesses, accounting for more than half (53%) of the 4.7 million small and medium sized enterprises in the UK. Home based businesses are also bucking the trend when it comes to confidence in their prospects during the financial crisis. They are buoyantly optimistic about beating the adverse economic conditions, with 72% planning to win new customers over the next six mont... »