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Survey reveals businesses areforming well despite difficult economic cliamte
NORTH-EAST companies led by entrepreneurs are flourishing in the difficult economic climate, according to a new report.
Firms across the region are outperforming national competitors with higher sales and rising profits.
A survey from the Entrepreneurs' Forum's Business Tracker Survey shows more than half of businesses who responded have reported increased sales, with a similar number experiencing higher profits between July and September.
Nigel Mills, chairman of the Entrepreneurs' Forum, which has about 400 members across the region, said: "Entrepreneurial businesses in the North-East are growing despite all the challenges the world is throwing at them.
"Entrepreneurs have a growth agenda, whereas others may have a survival agenda, and the fact our members' businesses are growing at a higher rate than the economy at large shows they are finding ways through the barriers and countering the pressure on prices.
"It is all about confidence and having a positive attitude, and entrepreneurs have taken up the challenge to drive the economy forward."