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Starting a Business after Retirement

Book Shelf: Peter Drucker’s Managing Oneself

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So I was on a return flight from West Hartford coming back from a family event and wondering the Hartford terminal for something to read. I came across the Harvard Business Classics series–clever way for them to make even more money… Managing Oneself got my attention.Â
Every line read like the sage advice you wish you had [...]

Five Potent Strategies to Auto-Pilot Your Small Business

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The numbers are gloomy. Statistics show that of one hundred new business startups, eighty will be out of business within five years. Too often, the causes of these failures are recurring inefficiencies and their offspring: fire-killing and distraction. Most business owners wake up in the morning with only a vague sense of their ultimate, primary [...]

Too Much *Bleep*ing Perspective

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If you’ve been a maverick entrepreneur for awhile, there’s a chance you may have lost touch with the reasons you sloughed the corporate shackles and struck off on your own.
It’s road trip time. Time to pay a visit to how the other half–or three-quarters–live. Let me take you there.
I went to pick up my husband at his office [...]

Don’t Expose Your Assets!

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There you are. You just finished reading Rich and Jeff Sloan’s book and you are fired up! You have an idea that you are certain will make make the invention of those small yellow sticky notes look like small potatoes.
Not only that, but you are so proud of yourself, because you have done [...]

50+ Boomers: Entrepreneurship Can Prevent Loss of Social Security Benefits

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At 12:01 a.m. on New Year’s Eve 2008, the first of an onslaught of Boomers gained the legal right to start drawing Social Security benefits. Experts indicate that as many as 50% of the age-62 Boomers will start early withdrawal of benefits during 2008.
But, few Boomers realize that drawing these benefits early results in [...]

Home Is Where The Boomer Business Is

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 I’ve been excitedly awaiting the results of the new Homebased 100 contest.
 As a regular contributor to the Boomers Back In Business blog and forum, and a coach of Boomer entrepreneurs myself, my attention has been particularly drawn to the winners in the Boomers Back In Business category.
 What a wonderful variety of businesses are represented in [...]

5 Reasons Why It Is So Attractive To Start Your 50+ Business At Home

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It is estimated that more than 35 million Americans work full-time or part-time from a home office.
A good proportion of these people, maybe as high as 40%, are self-employed running their own businesses.
Why is the thought of establishing your business in a home office so attractive?
Let’s take a look at five significant advantages to locating [...]

What’s Life Like As a 50+ Business Owner?

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If you’re like a growing number of Boomers, you’re quite interested in exploring starting your own business.
But running a small business seems so different from what you’re used to in the corporate world, that you may be wondering: “What exactly is life like when you run your own business?”
There is some variation in daily routine [...]

How To Look Big In Your 50+ Business When You’re Really Small

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During your first year in business you must continually work at perfecting a subtle, yet critically important game of projecting an image for your new business that says: “I’m established”, “I’m experienced and connected”, and most importantly, “I’m successful”.
Most of our start-up clients in our Virtual Incubator Program are solo owners, many running their new [...]

The Greater Risk Can Be Not Doing Something That Really Excites You

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I read a lot of material every month on how the Boomers are approaching the period of life after age 50.
And what I’m seeing reported in virtually every major newspaper and magazine is that more and more Leading Edge Boomers are showing a willingness to take a calculated financial risk with some of their retirement [...]