You are Never Too Old to Chase Your Dreams

How to Cash In on Late-Life Entrepreneurship

They chased their dream and made it a reality!

A large number of people have the dream of opening their own business. While this may be an easy goal to achieve for younger individuals, those in their later years of life may be hesitant to begin the process believing that the business-ownership boat has already sailed for them. The truth is that there are some cons to starting a business after the age of 50, but there are also some great pros. Before making a decision whether now is the time to start your business, take a look at some of these suggestions.

You Have the Experience and the Network

One of the biggest pros of opening a business in the later years of life is that these entrepreneurs already possess the skills and experience needed to make the company a success. Individuals who have already worked for a number of years, whether in the same industry or many different industries, have gained the real-world, tangible knowledge and experience that can help them in starting their own business. On top of that experience, many older individuals also have a wider network of contacts to help begin and maintain the business from the start. This network includes not only close family and friends but also a slew of professional contacts in which to ask for advice and even do business with.

Old Habits Die Hard

Although the pros of opening a business after 50 may be enough to convince someone it is possible, there are also some cons that should be considered. One of these downfalls is that, as an older person, you may be set in your ways and not open to changing how things are done. Part of opening a business is learning how to grow and adapt with the market – if you are unwilling to embrace the change, opening your own business may not be the best choice for you. Additionally, technology is constantly growing and changing from the cell phones we use to the cash registers we see at different stores. Staying up to date with the latest and greatest can be tough – are you sure you’re up for the challenge?

You Have the Time and Finances Needed

Another important pro is that you will have the time that needs to be committed to the business! Many young entrepreneurs are juggling children, husbands or wives, sports, family, and friends while also trying to get their business off the ground. Older individuals are usually free from younger children who need care, meaning they have the time that is needed to make a business a true success. Additionally, older individuals usually have more or better access to the required financial resources for a business – stocks, bonds, collections and retirement accounts are all financial assets that younger individuals simply do not have to fund their business which can be a huge advantage to older business owners.

It is clear to see that the pros of opening a business later in life in outweigh the cons. While business ownership is not for everyone, it is important, regardless of age, to chase your dreams and make them a reality. By using the experiences that were gained throughout your working life and utilizing the professional and personal network you have created, opening a small business over 50 is almost a no brainer. It is important, however, to be open to change and harness the power of those changes. With determination, hard work, and a little luck, anyone, regardless of age, can become a business owner.

Are you ready to chase your dreams? Then give Stacy O'Quinn a call to find out how you can have your own legitimate home business with the possibilities of creating a six figure income! For more information about Stacy and his opportunities and training techniques, click here.

Increase Productivity and Increase Profits

Tips to Help Increase Productivity Using Technology

Technology helps many small business owners improve their operational efficiency and increase their overall productivity, which in turn has a positive effect on their profit margins. With the equipment and programs to make this happen more affordable than ever, small business owners should be utilizing this advantage to help pave the way for growth within their organization. Simply put, new technology and new business programs are truly the best way to do more work with fewer resources.

Embracing Change Can Help Improve Productivity

Recent developments in technology are vastly changing the way small business owners conduct business. Not only is this changing the way business is done, it is also greatly changing our relationship to work. Working remotely with round the clock access to networks, programs, and files is becoming the new normal and puts a business’s productivity through the roof. Although this is increasing the working hours throughout the week, it is also granting business owners the ability to work almost anywhere.

Considering Using Cloud Computing

One the newest technology trends hitting the business world is cloud computing. This internet based service makes sharing information simple, not to mention it helps offload some software and hardware costs. Although there are some concerns about using cloud computing, such as security of information, availability and performance speeds, the benefits of this service may greatly outweigh the concerns. Cloud computing allows everyone in the network to access company information wherever they are.

Internet Based Conferencing and Communication Tools Save Time and Money

Since most of the information and programs are available to associates on the go, it is important to make sure communication is available in the same manner. Using an internet based conferencing service can help a business owner meet with their team whenever necessary from wherever they are. This helps to cut down on travel costs and keeps the business owner and their team productive by not having to waste time traveling when they can simply have a meeting online.

Continue Investing in Associate Training

When business budgets get tight, one of the first areas to be cut is training for associates. Although this may seem redundant when everyone is performing up to standard, it is important to remember that technology is always changing. Keeping a commitment to training in this area is important because it keeps associates up to date and proficient on the latest and greatest technologies that make their jobs possible. Making this kind of investment in your team will keep the business’s productivity running high.

Technology for the business world is constantly changing – every advancement in this area is an opportunity for owners to make their business run better and make more money. Having information available on the go and setting up an online conferencing service will cut down on wasted travel time to get to the office or get to a meeting. This type of mobile business allows an organization to work whenever and wherever they please, furthering their productivity and increasing profitability overall.

Need more tips on how you can make your legitimate home business more successful? Stacy O'Quinn would love to help you! For more information about Stacy and what he can do to help you earn six figures a year, click here.

*Photo Courtesy of Fernando Mafra via Creative Commons License

Beliefs Shared By The Most Successful Internet Marketers

Internet marketing is one of the best home based business opportunities. Why? Because you have a global audience at your fingertips. Once you understand how marketing on the Internet works, you can turn any struggling business into a success as long as you have a website.

Some people view Internet marketing as a complete waste of time. This has obviously been proven wrong time and time again. A person that takes the time to learn Internet marketing skills will jump right over competitors that are merely letting their site exist on the Internet. The longer and more focused the effort lasts, the better the final results will be.

Believing in the company is the logical next step and results from a positive evaluation of the organization. Management and field leadership must be knowledgeable and credible. The marketing system must be high-quality and easy for anyone to use. The product or service must be something that many people want. If just one of these components is not up to par, the company is not likely to grow and duplicate results for long.

Service or product is a key factor within any business. The product or service offered should be unique in some way, have a competitive value and price, and result in a positive customer experience. A well-marketed item that possesses these characteristics will stand out from the competition. Business owners believe in its stand-alone value, not just its worth in terms of their compensation.

The most important belief that Internet marketers must have is in themselves. They must start the business with complete confidence that they will succeed. Confidence creates results, not the other way around. Over time, the efforts will pay off in focused Internet traffic and increased sales. The best thing is that the success of the first company will often lead to more ventures and more income!