A new initiative, Startup School for Seniors, is being introduced to support older individuals in launching their own businesses.
With funding from local authorities nationwide, the program offers an online course that guides participants in transforming their ideas into viable businesses. Already, hundreds of people have enrolled, including women with caregiving responsibilities.
According to research by Rest Less, which advocates for older people, there were 787,688 women over 50 in self-employment last year, marking a 10% increase from 2022 and a 45% rise over the past decade. Suzanne Noble, founder of Startup School for Seniors, said: “The Rest Less research highlights the exponential growth in people in their 50s and 60s, and often 70s, either choosing to launch a business to thrive or, in many cases, simply to survive.
‘Our online course is designed to support those ready to embark on an entrepreneurial journey, whether they are pursuing a dream or supplementing their income. It’s vital that more is understood by both Government and the wider business community about this growing sector of the economy.”
“We find that the type of businesses people of this age start are varied – from turning a hobby such as sewing, painting or baking, into a revenue stream to those who want to consult based on their previous work experience.”
For more information https://www.startupschoolforseniors.com/
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