The golden age of oldepreneurs

Who said you can’t teach an old dog new tricks? Well in the world of business and entrepreneurs, it’s the old dogs that are getting ahead, if recent reports about the success of so-called ‘oldepreneurs’ is to be believed.

We all know that an entrepreneur is an initiator, a driver and someone that creates something new. Lop on the prefix ‘old’ and you have a senior starter of economic growth through his or her own business.

And the contribution these oldepreneurs are making to the economy is significant, with estimates by Barclays that start-up businesses set up by those aged 55+ in 2015 contributed over £7 billion to the UK economy in the following year.

In addition to the obvious benefits of a lifetime of professional contacts brought to the table, oldepreneurs have been there and done that. Their experience stands them in good stead when opening their own businesses.

They understand the industry within which they work, they have the right contacts and they have work experience that cannot be taught.

The most key lesson I’ve learnt as an older entrepreneur is that hiring the right people will make or break your business, and I take great pride in helping travel companies hire the right people by ensuring I’ve hired the right people in my business to help them.

Like most oldepreneurs, I started a business that deals with something I’m passionate about when I was under 30 and 11 years later, I am still always looking out for other entrepreneurial opportunities that will help others achieve their full potential and grow the business, relying on my entrepreneurial penchant for moving with the trends and adopting new technology to do this.

This need to grow has inspired another business in our fold – Progressive Lifestyle Recruitment – which breaks the mold of recruitment and provides a new career path for skilled people who want to manage the lifestyles of others and, at the same time, change their own lives.

The need to be a full-time employee with a fixed profession and 9-5 drudgery, is changing and we are increasingly seeing that skilled professionals are exchanging their briefcases and brogues for roles that are more flexible, interesting and varied.

If you could imagine being the lifestyle manager of a film star and what that entails – in just one day, what becomes handy in your role could be your travel diploma, love for horses and an eye for fashion. No day is ever the same.

I can think of no better place than the UK to launch this kind of business. In addition to the benefit of lower tax, the UK is a good location for international business in terms of geographic location and most people adhere to basic business principles.

What’s more, we have a large pool of skilled and educated professionals seeking new challenges, from a range of countries. The UK truly is a melting pot of cultures and nationalities, which certainly keeps things interesting.

I know my passion for recruitment will continue to bubble and produce even more initiatives and opportunities that benefit our customers, the economy and our boutique business.

Watch out world, oldepreneurs are on the job.