6 Tips for Starting a Business After Age 50

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scelftunwa of HI @ Jul 29, 2009 13:58:32 PM

Starting a business after 50

Hi,

My name is Barbara Roane, I have a clothing store. I think is

is great to want to start your own business.

My store is in philly. I sell all types of clothing. for ladies . I have been in business for serveral years. Yes being in business you do work harder, but you all working for yourself.

In my business i work with women going from welfare to work or that have been incarated, teaching them soft skills and how to dress for success. Once a year I a do a big fashion show for grandparents that are raising there grandchildren.

Once a month i do Gilrs Night Out at the store .

So if you are thing about starting a business go for it.

Barbara Roane of PA @ Jul 13, 2009 05:54:18 AM

Tip Number 7 or 8... Persistence

Do not stop working on your new business! It has been said that the number one reason new businesses fail is that the founder(s) stop working on them. As Ron said, "...over-50 types need to drop the attitude and somehow get reenergized for the new world we face." You also need to maintain that new-found enthusiasm through both good and bad times. You mustn't get lazy when you're met with success and you mustn't give up when met with resistance.

Ryan P. Clifford of CA @ Jul 11, 2009 20:43:48 PM

6 Tips for Starting a Business After the Age of 50

The reality is that starting a business right now--mid 2009--is like coming to bat in a baseball game with four strikes already against you including...

--a seriously impaired economy;

--little or no credit for start-ups (or anyone else);

--a highly competitive business environment with everyone scrambling for the same business and drastically cutting prices to the bone; and

--personal savings and real estate values that have been cut by 30 or 40 percent.

Extraordinary times call for extraordinary measures so I would add a seventh tip to your excellent list. If you are 50 or older, act like you are 25 and bring a vigor and optimism to your business that you would have 25 or 30 years ago.

I've followed two newly minted entrepreneur consultants for a couple of months, both were laid off at the end of 2008 from the same company and both launched small consulting businesses on their own. That's where the similarity ends.

One opened an office, made contact with his network as you suggested and a few others and is available for assignments. He has gotten a few one-day jobs from his old company. He is hampered by his attitude. He feels he has put in his time. He feels that people from the other side of the world, who will work for far less than he, have taken his job, etc. He does not want to start over but he does not know what else to do.

The other newly minted entrepreneur hit the ground running and changed from a 50-year-old into a 25-year-old over night. This consultant has learned all about the new social media and even written and published an article on it, has an excellent small website up and running, joined the board of several associations related to the business and, most importantly, is making 400 cold calls a month. That consultant has bid on 10 jobs and has landed two important pieces of business and is about to land a third.

To survive and prosper, us over-50 types need to drop the attitude and somehow get reenergized for the new world we face. That may be the most important thing we can do.

Ron

www.start-a-business-faq.com

Ron Derven of NY @ Jul 01, 2009 19:07:16 PM

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