Start Your Own Home Business After 50: How to Survive, Thrive, and Earn the Income You Deserve

Robert W Bly

Language: English

Pages: 200

ISBN: 1610351312

Format: PDF / Kindle (mobi) / ePub

Written for people who are old enough to know who they are, what they want, and what skills they are best at, this guide shows exactly how to build a successful and profitable business. Older people are among the world's most successful entrepreneurs with a wealth of in-depth experience, education, and mature judgment that younger people can't match; they also care more about creating financial security and doing what they want. Business consultant and serial entrepreneur Robert Bly teaches how to find the right home business opportunity; determine the target market for that business; sell the right product to the market at a profit; manage the business without wasting time; effectively market the business; comply with all laws, regulations, and taxes for the business; and generate enough income for retirement. Covering every aspect of building a successful business, not just the broad outlines, this book also provides senior-oriented information on computer equipment, the internet, and social media marketing.

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business accounts for 50 percent of U.S. private, nonfarm, gross domestic product. Yet, starting your own business at age 50 is a vastly different undertaking than starting a new business at age 20 or 30 or even 40. Over-50 entrepreneurs have many advantages compared with their younger counterparts, but they also face some disadvantages. This chapter will examine some of the pros and cons of starting a business after you have passed the half-century mark. (Note: When I discuss the differences

contact those already in it. Ask people in the business where to go for more information and to find other businesses that help out wholesalers and liquidators. Many online wholesale and liquidation companies have communities and blogs you can join where you can interact with other members to ask questions and share notes and stories about the close-out business. Blogs will be one of your most up-to-date methods of finding out all about your business and what is happening in the markets. You can

you should look to bring in 10 percent above your wholesale cost when you sell the item. So, on an item that you bought for $100, you should get a $10 commission when all is finalized. This may not seem like much, but you must remember that you will be selling hundreds if not thousands of items, so the money adds up quickly. However, remember to consider your expenses when deciding on the selling price. A selling price of $110 is usually not sufficient on an item that cost you $100. You will

to their more extensive knowledge and experience. Today, it is the opposite. We live in a culture that worships youth. Once you hit 50, it’s extremely difficult to get hired, which is one reason why starting your own business is such an attractive option. In your own business, you can confidently put your knowledge and experience to work without having to prove anything to a boss who can’t conceive of life without the Internet. MORE WISDOM All of your life experience makes you a wiser person.

program, which generally contains several essential integrated programs, such as word processing, e-mail and contact management, data-processing, spreadsheets, and more. A popular example of such a comprehensive package is Microsoft Office Professional. Most businesses also use an accounting software program, such as Intuit QuickBooks Pro, to manage payroll, tax collection and reporting, produce financial reports, and simplify data entry. As an option to purchasing software that takes up space

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