star-ups

Start-ups undeterred by economic problems

The National Federation of Enterprise Agencies (NFEA) has stressed that new start-up figures prove entrepreneurs are undeterred by the state of the economy. According to the Barclays quarterly survey, there were 98,000 new start-up businesses in England and Wales in the first quarter of 2008, compared with 86,400 in the fourth quarter of 2007. The most popular industries for start-ups were business and financial services, construction and retail. “It’s encouraging to see the numbers of new businesses holding up in these worrying times, which is a tribute to the determination and persistence of the current generation of entrepreneurs,” said NFEA chief executive George Derbyshire. “No-one with a sound idea, a solid business plan and the right skills need be deterred b... »