Over the last couple of years we have observed an increase in the number of people aged 45+ who are starting businesses – sometimes labelled as ‘olderpreneurs’ or ‘silver entrepreneurs’. Over croissants and coffee, we will discuss how we can support individuals like yourself, and learn more about the experiences you are having.
Our observation is supported by research showing that whilst in 2009 there were just over 1.5 million people aged 50-plus registered as self-employed, by 2014, the number now had already increased to 1.8 million. This is also the year in which for the first time people aged 50+ are taking up a higher proportion of self-employed than any other age group.
Additionally, research by Barclays Business Banking showed that in 2015, UK startups established by people aged 55 and over contributed more than £7bn to the economy. Sectors that enjoyed the highest growth rates of new businesses run by olderpreneurs between 2006 and 2016 included the health (+198%), education (+164%) and professional service (+112%) sectors.
We thought it is time to discuss this in more detail, and also see how we can encourage and support this additional wave further here at THECUBE:
What are the things you have observed in yourselves, and clients?