to start a small business
Start A New Business And Be Successful When You Retire
Retirement for some can be a traumatic phase. For so many years you have worked to support yourself and your family. If you were luckily your spouse also worked and together you made the best of your children’s upbringing.
You worked long hours to get your children through college and to provide a good home for your spouse. So what on earth are you going to do with the new time on your hands?
Medical advancements are so rapid in the aging arena, that it is said you can now add on an extra twenty years, if you take care of your body and life accordingly. Another extra 20 years? To some that is good news, but to others that is really frightening. The reason for the latter is that you need income for those extra years and who will employ an aged person these days, let alone far into our future?
Well one solution is to sit down and start thinking about starting your own business. Yes you are definitely not too old for this type of venture. Many retired people take some of their retirement income to invest in a small home based business. One that they can manage on their terms and that will not be too stressful. You could involve your spouse and together you may even be able to become employers on a small scale.
Try not to get involved with a big business where you have all sorts of deadlines and where the manufacturing of the product is your responsibility. You need a type of business that will be seen by you as a hobby rather than a fully fledged business with all it’s intricacies. You should only concern yourself with distributing and building up a good client base.
Why not look up fashion jewelry manufacturer who would jump at the the chance for someone to help them sell their products. You can negotiate a good wholesale price from them so you have enough room to do a mark-up on the product for you to make profit. You need not take on their entire line of items and could only start off with a few like maybe jewelry pendants for all occasions.
By starting off like that, you would create a small client base which will trust you and would want to buy from you again. At a later stage you could build up your stock and go big.
How to Successfully Start a Small Business
to start a small business
Looking for an excellent small business start up book?
I am overwhelmed with the choices of books available for people who are interested in Starting A Small Business. I am also tired of books containing a lot of motivational fluff. Does anyone have any recommendations for a easy to use book that will give the facts to me straight?
I am planning on opening a coffee shop and I am very knowledgeable about the coffee business… but, I need something that will give me a guideline on the start to finish process.
There isn’t one. But you are right about the books. I’ve yet to find one book on the subject that is actually helpful. They’re full of fluff, hype and some motivation. Big deal, right?!
Your best bet is dive in and learn it the hard way. You’ll take some hard knocks but it’s better than trying to follow one of those books you described. Besides, remember the old saying “Those you can… DO. Those who can’t…. TEACH”. Most of those books are written by failures in my opinion. Good luck! (Worth ten points?)
