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Women and Business Start Up |
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Written by SME Business Solutions
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During the period January to March 2006 the number of businesses ceasing to trade increased by 50% as reported by Barclays.
However, the surprising data reported showed an increase in the number of start-up businesses during that period. The percentage increase in the number of new businesses was 24% and totalled 110300, the second highest quarter number of registrations since the banked reported such data in 1988.
Women entrepreneurs influenced the figures significantly with the number of new women business owners increasing by 23% over the corresponding quarter twelve months earlier.
Property services, hotels, catering and retail were the most significant sectors women business owners were entering.
Alison Hopkins, managing director of local business at Barclays, said: "A strong cyclical rebound in people starting a business has occurred but despite the high levels, the trading conditions for small businesses are still quite tough."
There is however, one note of caution. Experian, the information group, report that property (up 42%) and food retailing (up 45%) showed the largest rises in business failures in the second quarter of the year.
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