50 plus

The Isle of Wight Chamber of Commerce is supporting older people on the Island by providing help and advice on starting a business or being self-employed.

Start a business

Age can be an asset for entrepreneurs. There is a false myth out there that to start a business you need to be young and geeky, work from the garage and end up creating companies that go on to become the new Apple or Hewlett Packard.  

Yes, there are some very young, very successful entrepreneurs in the world, however statistics show that there are twice as many who are over 50 years old as there are under 25 years old.There are various reasons for wanting to become self-employed:

  • Redundancy – now is the ideal opportunity to explore that idea you have always wanted to try.
  • Early retirement – more time to spend on your hobby – is it something that could earn you money at the same time?
  • Quality of life – no longer wanting to do the “9 – 5” pressured job. Self-employment allows a greater flexibility and quality of life – you are in charge of your own hours.

The OLDERPRENEURS project is run by the IW Chamber of Commerce with three very experienced business advisors to guide you through the process, all of whom happen to be over 50.

The programme includes the option to attend a one-day training course which sets out the basic information needed to start a business. It also provides an opportunity to meet other individuals also looking to start up their own businesses.

The workshops are very well attended so booking is essential.

Programme participants also have the opportunity to access on-going one-to-one mentoring sessions with the programme’s business advisors.

We also hold regular network events. These are VERY informal gatherings to encourage participants to make a wide range of new business contacts. These have been extremely successful so far with new friends and connections being made, as well as business being exchanged and referrals put in place.

One of the most important things to establish is a support network for you to talk things through and let off steam. This project, through the IW Chamber of Commerce, allows you to do just that so you are not “going it alone”.

We can’t do it for you but we will provide you with the support you need to make a success of establishing your business.

Useful information

Partner Links

Big Lottery Fund

Isle of Wight Council

Age Friendly

Job Centre Plus

Please see links below for more information on starting up your business.

www.greatbusiness.gov.uk – HM Government – Support, advice and inspiration for growing your business

Solent Growth Fund – Your dedicated source of news and opinion from the Solent LEP on the Regional Growth Fund.

Isle of Wight Lottery Start Up Loans – The Isle of Wight Lottery generates a Loan Fund which is available for Isle of Wight entrepreneurs to borrow interest free to either start or expand their business.

www.prime.org.uk (50 plus age group) – We exist to support over 50s who are interested in exploring the option of self-employment. We have a wealth of resources to help you on your journey, such as courses and online resources.

www.youtube.com – Find out why there’s never been a better time to start a business in the UK.

Tel. 0300 456 3565 – Business Support Helpline – free business support and advice over the phone.

www.startuploans.co.uk – Government funded scheme to provide advice, business loans and mentoring to start up businesses.

Island Business January February 2017

Island Business January February 2017

Events

march

3mar7:30 am- 9:00 amBusiness Breakfast at The Isle of Wight College

6mar1:00 pm- 2:00 pmAddiction and the Impact on Business

23mar9:30 am- 4:00 pmFree One-Day Business Start Up Course

23mar6:00 pm- 8:00 pmCurry Night at Harrow Lodge

28mar11:30 am- 1:00 pm‘Money Know How’ Free Presentation by Mark Paxton

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