Retirement is too far away.
You can see it from your work desk. It’s tantalizingly close, filled with sun and sand, golf and travel, but it’s oh-so-unreachable.
Yes, you have a job you’re happy to have. No, you don’t want it forever.
So how would you feel being your own boss? Making good money, doing something you love, having flexibility to travel, learning new things?
If you think you’re too old for that, you’re not – and Start Your Own Home Business After 50 by Robert W. Bly explains why.
One of these days, you’d love to be able to throw the alarm clock away and forget work. You hope to retire sooner rather than later – which means, of course, that money is a definite concern.
And you’re not alone. Bly says that the number of workers 55 and older is projected to grow by nearly 50 percent in the next three years. Stretching retirement dollars has never been more important, which is where this book comes in.
The first step, Bly says, is to decide which of your former jobs you enjoyed and were good at. If nothing in particular sticks out, what hobbies would you like to develop into “an expert-level gig”? Can you freelance, or do consulting? Would a former employer make a good client?
Use your experience (an advantage you have over younger workers) to winnow through the possibilities.
Next, decide if the business is for you. Do your strengths mesh with what’s needed to run things properly?
Do you have enough stick-to-itiveness to stay focused and work solo? Are you prepared to do your billing, tech support and other necessary tasks, or would you hire someone to do them?
Can you market yourself and promote your business? Do you need financing (the availability of which is another advantage)?
Once you’ve figured out the details, then it’s time for launch, but Bly says there’s one thing to remember first:
“Make yourself happy. When you do,” he says, “those who care about you will eventually be happy for you.”
Beginning with a handful of home-business ideas, Bly offers plenty of sound advice, including food for thought to determine if the endeavor is viable.
His words are encouraging, but cautious, and he doesn’t forget to warn his readers of the pitfalls in becoming an entrepreneur.
That kind of balance is great, particularly if you’re on the fence about business ownership.
There’s a bit of annoying repetition in this book but, overall, it’s a valuable tool for anyone who needs to plan for the future or just wants a good change of pace.
Someday, you’ll retire and you’ll get to do the things you love. So why not make money doing them.