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Australian Business Ownership On The Rise

According to a recent Bankwest Business Trends Report, there were 42,000 more start-ups, a 3.3% increase in the number of people running their own business in 2010 than there were in 2009.

The report states this is the strongest level of start-up growth seen in almost a decade, with 1.3 million Australians now running their own business, accounting for 11.5% of employed Australians.

The report also reveals that there are more men than women running their own business. However, the strongest growth has come from female entrepreneurs. The Bankwest Report explains “We have found that over the past year, the growth rates for women running a business are almost double compared to men and over a five year period, the growth rates for women are more than triple that of men.” Women entrepreneurs are increasingly choosing to work for themselves for the added flexibility, in addition to the ease with which one can now work from home.

So, you’d think you’re in good company…

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