Silver start-ups

Alan Halsall of Silver Cross reading papers at his desk

Picture the heroes of the post-recession self-employment boom and you’ll most likely envisage a coffee-clutching Tech City-ista. Think again.

According to a recent Bank of England report, the only flat whites handled by the social group responsible for the self-employment boom is rapidly moulting hair.

The report calculated that ‘silver entrepreneurs’ account for half the increase in self-employment since 2004, and recent ONS statistics show the number of self-employed over-65s has doubled from 241,000 in 2009 to 428,000 in 2014. It’s estimated that 10 per cent of pensioners now work for themselves.

And senior start-ups are more likely to survive. A 2013 Future Laboratory report found firms started by over-50s have a 70 per cent survival rate compared with 28 per cent for more youthful counterparts

About author

Christian Koch

Christian Koch

Alongside his work for Director, Christian has written features for the Evening Standard, The Guardian, Sunday Times Style, The Independent, Q, Cosmopolitan, Stylist, ShortList and Glamour in an eclectic career which has seen him interview everybody from Mariah Carey to Michael Douglas through to Richard Branson with newspaper assignments including reporting on the Japanese tsunami and living with an Italian cult.

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