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. 

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