We're here with practical information for your business. Learn about business planning, running a business and more.

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

One in six entrepreneurs will "never retire"

11 September 2017

One in six entrepreneurs will "never retire"A new study by the Institute of Directors reveals that many entrepreneurs have no plans to hang up their hats and many over-50s are starting new businesses.

The report, The Age of the Older Entrepreneur, explores the labour market for older people and looks at proposals aimed at helping people who want to start a business later in life.

As part of the study, the Institute of Directors (IoD) surveyed its members and found that over half (53%) identified themselves as entrepreneurs. The majority of respondents polled were over the age of 50 and one in six said they "never plan to retire".

The report also includes case studies that show older entrepreneurs setting up a wide range of companies. These include Steve Perry (aged 59) who has launched No Desire to Retire - an online platform that helps over-50s find work.

In order to support older entrepreneurship, the IoD is now calling on the Government to consult on the introduction of limited, tax-free withdrawals from personal pension pots if money is earmarked for start-up investment, in addition to the current 25% tax-free allowance.

It is also calling for the tax system to be "flexed" to encourage individuals to access training through their working lives, proposing the introduction of a "shadow personal allowance" to be offset against an individual's income tax liability.

"I have long been an advocate of working later in life, but it is crucial that those who choose these routes have the right tools, and feel adequately supported in the process," said Lady Barbara Judge, chair of the IoD.

"Choosing to take financial and business risks later in life can be difficult and I applaud any person who decides to take this route. People in their sixties now are on the front line of the shifting boundaries between work and retirement. The Government should consider introducing tax incentives to encourage people to pursue their ideas and invest in training, so that they can continue to have fulfilling working lives beyond the age expected by previous generations."

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry