Reasons It’s Never Too Late to Start a Business

Many people dream of starting their own business. Most, however, will never go through with it. Starting a business can be scary. After all, most small businesses fail within the first few years and the unpredictable income can convince people it’s not a risk worth taking. But in any stage of life, entrepreneurship can call. Someone might come up with a great business idea or decide it’s finally time to strike out on their own. Simply put, it is never too late to start a business.

More Experience Can Equal Better Outcomes

Individuals who have worked a traditional job for years have experience that young entrepreneurs do not. This includes industry-specific experience as well as general business skills that are useful for running any company, such as customer service skills. An older entrepreneur can choose whether they want to pursue a different passion or set out to work for themselves in the industry they’ve been part of for years. Either way, they will have years of working experience to bring to their new company. This can mitigate some of the risks inherent in starting a business and result in an older entrepreneur being more successful.

Established Finances Can Mitigate Risk

An older entrepreneur is more likely to be established financially, with savings to draw upon, no student loan debt, better credit to get business loans, investments for extra income and all sorts of other financial cushions younger entrepreneurs don’t have. Older entrepreneurs can leverage this to their advantage to start out on the right foot and help them grow a successful business. It’s not only never too late to start a business – starting later actually has significant advantages.

Average Entrepreneur Age Has Increased

According to Forbes, the average age of new entrepreneurs has risen over the last decade. Older entrepreneurs are increasingly seeing the benefits of self-employment as opposed to working at a traditional job. This can be because many lost their jobs during the recession or saw that traditional job security isn’t exactly the same anymore. While certain startup industries like tech skew younger, other industries skew older. Law, finance, the oil and gas industries, manufacturing and even green energy, for example, have a lot of older entrepreneurs.

Entrepreneurship is not only for the young. The established, experienced, financially stable professional is in a very good position to launch their own business too. It’s never too late – now might actually be the right time.

Originally published on

Tips for Working Remotely

Remote workers are growing in numbers. As exciting as this mode of working can be, it does come with challenges. Below are some suggestions to follow to ensure success.

Turn off your notifications 

Inc. suggests limiting the number of times you check your email to three so that you can focus on your work. It is far too easy to get sucked into a lost hour or two during the day by taking too many detours along the way.

Limit distractions by shutting the door.

Remote workers will be the first to admit that their family can be very distracting when working from home. That’s why it is important to be firm and explain that when the door is shut, they can’t come in unless it is a dire emergency. Explain what that means. It will take some time at first to get this point across as they test it. But, the family will typically come around if you remain firm and remind them of this rule every time they barge in on you.

Plan ahead

The Ladders recommends planning ahead to prevent WiFi Connection problems. While working remotely means you can travel and work from almost anywhere, that can also spell disaster when WiFi connections prove to be problematic. The best way to avert this type of insurmountable challenge is to plan ahead so that it doesn’t happen.

Stick to a schedule.

Remote workers can fail if they don’t practice self-discipline. Too much freedom can be a big problem for people who struggle with procrastination or find themselves easily diverted. Making a schedule and sticking to it so that you can get your work completed is one way to manage possible distractions. Don’t let anyone talk you into a lengthy, unplanned break that will disrupt your schedule and throw your day off.

Being able to work from anywhere means freedom for travel and some flexibility from the 9 to 5 routine. Not everyone can do it. But, with some rules in place, it can open up a whole new way of working.

Originally published on

Money Tips for Older Adults

Financial security means different things at different times in a person’s life. Once people reach their older years, it’s important that they understand how to manage their money in this new and different phase. It is also important that as they go through their business lives, they understand how to prepare for their senior years. Not planning ahead when younger and not understanding how to best navigate later years can lead to running out of money too soon.

One of the most important ways to make sure that money lasts as we age is to be aware of how to limit expenses. Younger people concentrate on buying homes, starting families, paying for education and much more. As we age, being able to afford to stay in our homes, pay for health care and be prepared for unexpected expenses become issues that we need to prioritize. Eric Meermann’s book, “Looking Ahead: Life, Family, Wealth and Business After 55” recommends that aging adults spend less and also be more aggressive with investments, investing more in stocks and equities to earn greater returns. Saving money also means limiting financial help to children.

Cognitive decline is one of the biggest dangers for aging adults who can then not manage their own finances and are targets for fraud. Enlisting the help and support of children to navigate such times can make all the difference. Planning for these eventualities needs to be started well before there is any indication of cognitive decline so that things can run smoothly. Hiring professional help can also set up a safe path into the financial future for aging adults. On the other hand, older adults who are still cognitively healthy and interested in adding income to their later years should, by all means, pursue new paths to earning money.

One way that aging adults can give back to society is to teach their grandchildren about the importance of dealing with money, starting at an early age. Only a small percentage of grandparents do talk to their grandchildren about these subjects, and yet for those who do, grandchildren comment that their grandparents influence them positively. Catherine Collinson, President of Transamerica Center for Retirement Studies, remembers how her grandmother took her to department stores and showed her how to be creative by sketching dresses she liked and then going home to sew them. What a lesson for a young child to learn, how to get what she wanted while saving money.

Originally published on

Introduce Yourself (Example Post)

This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right.

You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click the “New Post” button, and tell us why you’re here.

Why do this?

  • Because it gives new readers context. What are you about? Why should they read your blog?
  • Because it will help you focus you own ideas about your blog and what you’d like to do with it.

The post can be short or long, a personal intro to your life or a bloggy mission statement, a manifesto for the future or a simple outline of your the types of things you hope to publish.

To help you get started, here are a few questions:

  • Why are you blogging publicly, rather than keeping a personal journal?
  • What topics do you think you’ll write about?
  • Who would you love to connect with via your blog?
  • If you blog successfully throughout the next year, what would you hope to have accomplished?

You’re not locked into any of this; one of the wonderful things about blogs is how they constantly evolve as we learn, grow, and interact with one another — but it’s good to know where and why you started, and articulating your goals may just give you a few other post ideas.

Can’t think how to get started? Just write the first thing that pops into your head. Anne Lamott, author of a book on writing we love, says that you need to give yourself permission to write a “crappy first draft”. Anne makes a great point — just start writing, and worry about editing it later.

When you’re ready to publish, give your post three to five tags that describe your blog’s focus — writing, photography, fiction, parenting, food, cars, movies, sports, whatever. These tags will help others who care about your topics find you in the Reader. Make sure one of the tags is “zerotohero,” so other new bloggers can find you, too.

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