The rise of the older-preneur: It’s never too late!

More than one in four small business in the UK are started by individuals who have either recently retired or been made redundant, according to Clydesdale and Yorkshire Bank.

In fact, its research suggests that more than 1 million so-called older-preneurs aged 55 or over have used retirement or redundancy as an opportunity to set up their own businesses.

Findings of the research, which involved more than 500 small business owners around the country, include that nearly a quarter – or 23% – of ‘older-preneurs’ set up their businesses after being made redundant, while a further 12% did so on retirement.

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