PracticePeople In PracticeNumber of companies launching e-commerce ventures surges

Number of companies launching e-commerce ventures surges

The number of companies pursuing e-commerce opportunities has gone through a dramatic rise, according to a new survey.

So strong is the attraction of doing e-business the number of companies starting initiatives in the sector has risen by 80%.

A poll by Mori for the Ernst & Young Enterpriser Survey 2000 shows 68% of entrepreneurs are now working in e-commerce against only 38% in January 1999.

David Wilkinson partner and head of entrepreneurial services at Ernst & Young, said: ‘The importance of e-commerce to a growing business, whatever its current size, evidenced by the responses from those companies which have increased their turnover in excess of 30% per annum – three-quarters of them are already actively pursuing e-commerce opportunities.’

Not everyone will be able to pan the e-commerce gold

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