Here in the UK we are being known as a nation of sole traders. In 2015, 608,110 businesses were started in the UK and that number seems to be on the rise as various factors are leading to huge numbers of people setting up in business; some to fit in work around raising their children, some leaving organisations due to stress or burnout and increasingly with cuts to the public sector, people taking redundancy and early retirement are deciding to put their skills to good use by going self employed.
Whilst the majority of entrepreneurs are men in their forties they are mostly established business owners not start-ups. Starting a business is increasingly promoted as a career option for young people, but with people living longer and the changes to state pension things have had to change.
So I decided to pull together some stories of people who set up business at the age of 40 plus with the intention of offering some inspiration to others who are thinking of starting out in business at this interesting stage of life.
When I was younger, people used the phrase the wrong side of 40. It was seen as a time to start slowing down as we cruise towards retirement. In the pages that follow you will find the stories of small business owners in the North West who turned this on its head and proved that 40 plus is very much the right side of 40 and in fact a time to ramp things up as they start out on a new venture.
There are challenges of course, having elderly relatives to care for, menopause, and sadly ageism is still an issue. Self employment isn’t for everyone, but if you are thinking of setting up business I hope this helps.
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