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Becoming self-employed in your 60s

15/11/2019

 

The number of self-employed people aged 65 and over has more than doubled in the past five years.

 

I know lots of people who have decided on a change of career at this stage of their life and either left employment to set up on their own or are already self-employed and want to change tack. If you’ve worked in a corporate environment for years that is probably the last thing you want to do. If you’ve sat in front of a computer 24/7 for the past 'X' number of years you may wish to get out into the fresh air.

 

 

Setting up in business in your 60s

 

 

It could be that you want to utilise some of the skills from your previous job or you may prefer to do something completely different … something that you thought could only be a hobby.

 

Whatever you choose it’s perfectly possible to make a success of a business in the ‘third age’ that can give you great flexibility in your working life, a job closer to home and enjoyment in what you do.

 

There are of course practical steps you need to take but mindset is essential. Be positive and don’t let lack of confidence get in the way. Remind yourself of the experience and the skills you already have and capitalise on these.

 

Most of us cannot survive without a job because we need to pay the bills but it’s also important that we do something that allows us to thrive.

 

 

Self employed at 60

 

 

The reasons for starting a business will influence everything else. Do you need to earn as much as you think? Make a list of your outgoings to work out the amount of money you need to live on. Or is your goal to bring in substantial survival income? Even if your main aim is to bring in a substantial income, you still need to do a job you are passionate about.

 

Top tips for starting out in business:

 

  • Have confidence in your abilities.
  • Trust your gut instinct.
  • Know your subject.
  • Get more training if necessary.
  • Have a business strategy.
  • Surround yourself with positive people.
  • Don’t be afraid to ask business colleagues and friends for advice and guidance.
  • Get tech savvy.
  • Go networking. There are bound to be lots of groups near you. You may need to try a few to find the ones that will work for you.
  • Use the experts when you need to: accountants, web designers, marketeers, photographers.

 

We're really interested in helping people who want a change of career with their website, social media and marketing. Why not get in touch with Jane on 01223 873349 for an informal chat.