Over 50s in Bradford explore self-employment

A national charity dedicated to helping the over 50s explore self-employment is coming to Bradford to host a series of workshops to help people start up their own businesses.

The Prince’s Initiative for Mature Enterprise (The Prince’s Initiative) will be holding the first workshop on Tuesday, 9 April 2013, offering advice and mentoring help to develop budding enterprises.

Recent figures provided by the Office of National Statistics (ONS) showed that self-employment is gaining popularity with 4.2 million (14 per cent) self-employed workers nationwide, an increase of 367,000 in four years.

The entrepreneurial climate in Bradford is buoyant, with 2,004 companies being formed in the area, 6.8 per cent higher than in 2011, and while 1,209 companies dissolved last year, this was 35 per cent less compared to the highs of 2009.

There are currently 27,500 self-employed workers in Bradford and The Prince’s Initiative promotes self-employment as a viable route into sustainable paid work, which could be a possible alternative for the 2,400 unemployed over 50s in the area.

The workshops facilitated by The Prince’s Initiative will be delivered over six to eight weeks, including three classroom days, and the course takes people over the age of 50 through the challenging process of preparing to run their own business, covering areas such as researching a business idea, planning finances and how to market and sell a product or service.

Having attended the business training course in Bradford last summer, following a decision to take voluntary redundancy, Carole Tattersfield has gone on to set-up her own HR consultancy business, HR Challenge Associates.

Carole, from Heckmondwike, said:

The whole experience with The Prince’s Initiative meant that I was more confident that I could go on to create a successful new business and going on the course helped me look to the future and realise that a change in direction was the right decision for me.

Since setting up the consultancy, I have taken on new clients in Leeds, Wakefield and Bradford and the first six months performance has surpassed my expectations, which hopefully means that 2013 is going to be a successful year.

Nick Bunting, The Prince’s Initiative’s chief executive, said:

Mature workers face a perfect storm of longer working lives, a pensions’ crisis, economic downturn and the uphill struggle to find employment once it is lost. Their experience is often sacrificed against cost.

We help people respond positively and all the evidence shows that they make a success of it, still running businesses at the key one and three year stages.

Further details can be found at www.prime.org.uk/courses or by telephoning 0845 862 2023.

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