Working for yourself ‘could be a good idea for the unemployed’

Posted 14/12/2010

Older people who find themselves unemployed as a result of the economic downturn could consider buying a business and working for themselves.

Emma Soames, editor-at-large of Saga magazine, said that anyone in a field in which this is possible could find being self-employed beneficial in terms of the financial payoff.

“Self-employed people can go on working as long as they like,” she pointed out.

The expert added that if people can see a gap in the market, they should “go for it and do it yourself”, rather than attempting to get a salaried job working for someone else.

Earlier in 2010, David Yezbak, a business broker writing for the Augusta Chronicle, said buying a business could offer significant benefits over starting up a firm from scratch.

He explained that existing firms should already have their own client base, as well as having proven that they work in the current market.

Anyone thinking of setting up a business on their own may wish to seek advice from a specialist commercial law team such as that at Ashtons Legal, which will help in ensuring everything is in line from a legal perspective.