I hope you're all well. A friend of mine who is just over 50 years of age lost his job last month. He was working in an accounts department as a credit controller. He has about 15 years' experience of the job and has always done office work, - administration & credit control. He is now very upset and doesn't know what to do next, and wondering if anyone would employ him at his age.
He is now looking for other opportunities and needs to find a job/career that brings in a good wage which would cover his usually household bills and mortgage payments. He also has 2 young children attending secondary school.
Can someone be kind enough to advice the best course of action to take and whether he should keep in the same field of work (accounts) or retrain for something else?
My oppinion is that he should stay in the same field of work as at the age he is to re train and then get a job in that field would mean maybe starting on a lower wage, while he gains experience.
I don't think that at the age he is that companies would not look to employ him as he would have good experience and it's not a physical role.
His other option could be to go self employed and find some small business to book keep for and do accounts, I know I used to pay around £50 a month for my business and that was very small and didn't an awful lot of work from my accountant, so someone with his level of experience could look after many businesses quite easily, and with very low start up costs.