Rising living costs and delayed retirements are pushing more over-50s to become entrepreneurs, making them the fastest-growing group of business founders. Many are turning redundancy or loss into opportunity, driven by both necessity and long-held ambitions. Experts say older entrepreneurs bring valuable “age capital” – resilience, skills and adaptability – that are revitalising the UK economy.
The vast accumulated knowledge of this group of business people – men and women, suggests that late in life forays into company ownership will go well for them. They can take decisions which stick, so people know where they stand. They are not shackled by “feelings” culture and they know how to work hard.
