How to make a living when you're 50 and you lack the money, get the 'oldpreneurs'

spend twenty or thirty years of lengthy desktops butter cookies and milk tea with old ladies smiling commenting climate, some are revealed. Keith Garden is one of them. This Briton who had devoted his working life to work in marketing and sales took a determination would enjoy his retirement pension but would otherwise: inverting in a company. So to create capitalized Only Natural Products, a company that exports high quality English tea every corner of the world. Otherwise, well, less tedious to enjoy their maturity.
Garden is a 'oldpreneur', a new type of emprededor "mature" that crecre -of the roof pintas- UK thanks to 'pension-led funding', a financial service through which, after 55 years it is possible to capitalize on the board and turn it into an investment fund, rather than being obliged to collect it in annuities. And it has its advantages, because the first 25% is tax free.
It is expected that at least 500,000 people over 50 open retreats and capitalize on their own business in the coming years
Since the measure was approved, and within three months, they have already been withdrawn from pension funds about 2.5 billion pounds. According to the National Statistical Office, between 80,000 and 120,000 people over 50 years starting a business in the UK every year, but is still expected further growth: at least 500,000 pensioners more turned-entrepreneurs, or so says a study by Axa Wealth.
"We have seen an increase of entrepreneurs over age 50 who have used his retirement to invest in a business or create your own," explains Adam Tavener, director of Clifton Asset Management. However, he added: "The changes in the pension are not helpful for all business owners; particularly those who want to mobilize tens of thousands of pounds to invest. "

Risks and future success

The veteran has much to open a business and these 'oldpreneurs' have not only opened theaters, tea shops and printers, but have also made the leap to the new technology. Although not in all cases, statistics show that more successful.
According to a survey by Age UK, over 70% of businesses started by people aged 50 sobreveviven the next five years, while only 28% endure created by young people. Although from the government and other organizations to devote greater efforts to promote the initiatives of youth self-employment in the UK there is growing support for veterans turned into entrepreneurs: The Prince's Initiative for Mature Enterprisem (Prime) is one of the organizations It supports, advises and provides loans. And also proliferate courses 'management' and finance for seniors. Because, as John Allan, national director of the Federation of Small and Medium Enterprises UK said: "It is never too late to empreder a business", adding that "even though the owners older have more challenges, it is important our economy allows people of all ages to create something exciting and new. "
The founder of McDonalds and KFC, as well as the creator of Coke or cosmetics entrepreneur Mary Kay Ash are some examples of successful mature
Can a country benefit future pensioners or cease to be present to become entrepreneurs? At least in the English case, it thinks so. Because if the employment rate of people aged 50 to 64 will couple to the age group of 35-49, this could be a growth of the British economy of 88 billion pounds, according to published 'Daily Mail '.
However, there are also risks: for example, what happens if an entrepreneur who has turned his retirement investment stays in bankruptcy? What will happen to the pension system in the future? Have you tend to disappear? Will it make the trend of non-retired the future of our old age? Businesses also have risks.

ENTREPRENEURS to 50

We live in a society that prizes youth and beauty, to the point that it seems that after 30 no longer paint anything. And yet, is not it ... So much for poetry as for banking, the experience is a plus, and in some cases 360. Without going any further, Ray Kroc, founder of McDonald's, who spent his life selling cups paper until the 52 took a 'Big' professional leap, according to Funders and Founders organization. O Mary Kay Ash, founder of cosmetics brand of the same name, who was not herself up for success to 45.
David Harland Sanders also that at age 65 and after a lifetime of Kentucky Fried Chicken employee created and sold two million a few years later, in 1964. Or John Pemberton, who founded Coke at age 55carnival 2016