In 2017 one fifth of new business start ups were headed by those over 55, with women leading the way.
People 50 plus account for less than one third of the workforce, yet account for over 40% of new business start ups. Furthermore, those over 65 and self employed have more than doubled this decade.
And why not?
“There is a whole third life that people look forward to: it’s not just about sitting under a tree in the sun, it’s about staying active and keeping the brain stimulated. One way to do that is to keep working. And there is a financial imperative to make sure the future is secure as you live longer.” Liz Earle quoted in the Guardian
The good news is that new businesses set up by those 50 plus have been shown to be more likely to succeed than the average. Experience counts for a lot when making the leap.
Many who have had corporate careers who feel they have been managed out of their jobs post 50, have the funds available to...