Starting a Business over 50

Lots of people start a business in their fifties or older when they have learnt their trade in another company or turned their hobby into a business.

There are some 21 million people in the UK over the age of 50. This is significant, because for the first time in history the number of people over 50 exceeds the number of people under 25. Between 2012 and 2022, an estimated 12.5 million jobs will be opened up through people leaving the workforce and an additional 2 million new jobs will be created, yet only 7 million new younger people will enter the workforce.

Currently if you are made unemployed over 50 you are more likely to be drawing your pension than find another job, Business survival rate is far higher for those over 50 + and there businesses are more likely to create jobs.

There are many different types of business. See our explanatory page here.

See below for useful links

Person reading business newspaper
“Success usually comes to those who are too busy to be looking for it.”

Henry David Thoreau

List of useful links for information

Starting-business-over-50s by The Guardian

Five entrepreneurs over 50 who have showed how starting a business is done

Be your own boss from Age UK

10 Retirement-Friendly Business Ideas for the Over 50’s