And Now The Good News!
BBC Breakfast yesterday carried the story that small businesses were starting up at an increased rate. The full story is here , under the unlikely title of “Explosion in Number of UK Entrepreneurs”. Here’s an extract.
The number of small business entrepreneurs in the UK has increased by 117% in the last five years, fuelling a 41% increase in the total number of firms in the UK.
Business data collected by global information services company, Experian, has found that one or two man band businesses have managed to maintain the lowest insolvency rate over the last five years compared to other types of businesses.
Charlotte Hogg, managing director of Experian UK & Ireland, said: “Our analysis reveals that the UK’s smallest businesses have been surprisingly resilient during the economic downturn and have also seen their population skyrocket in the last five years.”
Hogg explained that the recession would have been an underlying factor in the increase of micro businesses. She said many start-ups were the result of changed circumstances where people found themselves unemployed, and needed to look for alternatives.
There are so many gaps in the market and it would appear that people are rushing to fill them. As an example I’ve told many of my friends about Tommy Miah and his Raj Hotels. Some will try him and all the others said it is what is needed, as they are fed up with paying too much for inadequate hotel rooms in places miles from where they want.
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The Anonymous Widower 
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