ADVERTISEMENT

Poles Over 50, Launch 35,000 Micro-firms a Year

Analysis

Each year, individuals over 50 years old establish 35,000 solo businesses in Poland, with 40% being women, a study from the Polish Economic Institute (PIE) show as cited by local portal 300gospodarka.

While only one in five hires employees, Poles show a higher inclination for entrepreneurship than EU counterparts. Motivations include a desire for independence (71%) and leveraging experience (69%). Challenges for those over 50 include securing capital and administrative complexities.

Financial necessity, driven by ageism and employer cost-cutting, prompts some to start businesses. Despite difficulties, 70% are satisfied, valuing development opportunities and job satisfaction.

Poles over 50 prioritize continuous learning and company growth, viewing entrepreneurship as facilitating professional activity even during retirement. 

Czomba: Employment Constantly Increasing Figures

Czomba: Employment Constantly Increasing

Gov't Extends Childbirth Pledge Deadline for Some Baby Loan ... Government

Gov't Extends Childbirth Pledge Deadline for Some Baby Loan ...

Retail Sales up 3.6% y.o.y. in May Retail

Retail Sales up 3.6% y.o.y. in May

Average Price of Travel Insurance Nearly HUF 12,000 Tourism

Average Price of Travel Insurance Nearly HUF 12,000

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.