Home Advertise Contact Blog Advertiser Login High-Yield Investments
Newsletter Signup

Business Opportunities
Change Your Life Get Into Business For Yourself Online Business Opportunities
Home-Based Business Opportunities
Licensee Opportunities
Low Cost Opportunities
Distributorship Opportunities
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Buy Business Opportunity Franchise - Owning a business is as popular as every in the U.S. Thousands buy a business or Business Opportunity or Franchise each year. Will you be one of them?

Buy Business Opportunity Franchise - Here is a look at who is currently buying new businesses, the hottest...

Expanding Opportunity Services - It has always been our mission to provide the best customer service possible and have recently added no cost training and coaching sessions for all active advertisers. Now, we are going a step further to address the one major problem faced by opportunity owners–lack...

Drone Technology - Don’t think drones and franchises and businesses opportunities have anything in common? Think again. Drone technology is transforming the way many industries tackle a wide range of everyday services.

Drone Technology - Here is a look at how drones are impacting the way businesses...
Business Opportunity for Sale

Sponsors

Get a piece of the BILLION DOLLAR APP INDUSTRY! LOCK IN A TOP POSITION. Click of Call Bill Toth Phone: (716) 345-1888
Need To Fill Positions Fastest Growing, All Inbound Call, Direct To Consumer Distribution Team In The USA! 217-718-4744
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
Working-At-Home is easier said than done I know. Is this you though? Do you want the freedom of running... Read On
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
Flexible work schedule, no experience needed, and complete training and support available!
Be A Distributor
Work-at-Home
Small Business
Resource Center > Article
Baby Boomers Reinvent Retirement with Self Employment
Share this Article:

Retired and need some additional income? Maybe you’re older and wiser and want to pursue that long-held dream of being your own boss…finally! Looking to launch a second career? Read on...

Over 300 people turn 60 years old every hour in the United States. Each of them is a Baby Boomer. They are an unprecedented generation both in terms of their sheer numbers and their collective insistence on reinventing the overall American landscape with oftentimes progressive notions of what it means to grow older. If, as the leading edge Boomers began saying two decades ago, 40 is the new 30, then 60 is now undoubtedly the new 50.

Baby Boomers Reinvent Retirement with Self Employment

So, what’s an amazingly talented, vigorous, wise and determined cohort of well over 78 million people to do all day long when the old, outdated definition of retirement just doesn’t cut it? Many of them are opting for either part-time or full-time self employment. And a legitimate business opportunity, one that they are passionate about and can really enjoy, may be their best option.

According to the U.S. Department of Labor and a recent study conducted by a Chicago-based outplacement consulting firm, Challenger, Gray & Christmas, those 55 to 64 and older represent the fastest growing group of self-employed workers, and trends show that number will only increase. The reasons for this are many.

Some older workers have earned the right to retire through years of service, but when they actually do, that fantasy of having all the free time they could ever hope for wears thin after six months or so. Martin Lehman is a Counselor and the Marketing Director of NY SCORE “Counselors to America’s Small Business,” a nonprofit nationwide organization that offers free consultation and guidance to anyone interested in starting their own business. After years of working for others and finally for himself, he closed his women's apparel business to retire. “The first day I asked my wife, ‘What’s for lunch, honey?’, and she told me right then to get out of the house,” he said. It’s a funny and surely somewhat exaggerated anecdote, but not too far removed from the tale so many others his age could tell. Ultimately, Lehman came to realize that he still had much to offer and was looking for a way to structure his time that would give him a sense of purpose. “I have to shave and get dressed. It’s mentally stimulating, and I’m still learning, even today,” he said.

Know What You’re Getting Into

Owning your own business always requires some degree of risk. But no one wants you to jeopardize your financial future. It’s crucial to know that there are ways to mitigate risk, while enhancing the likelihood of success. That’s why it’s so important to do your homework, seek out advice and choose a business opportunity carefully. Here are just a few things to consider:

Start small. It’s fine to have an ambition about what it is you think you want to do, but you need to do some serious research to be sure. “Hang out and learn the business from the ground up,” Lehman says. “Offer to do the grunt work and learn the nuances of the business from someone who’s already done it before you jump in so you’ll know what you’re doing when you’re in charge.”

Find something you love. If you have the opportunity to reinvent yourself, to do something you always dreamed of doing, but never had the chance, then by all means, make sure it’s something you really enjoy.

Beware of scams. Above all, any business opportunity you choose must be reputable. Beware of high pressure sales tactics that overemphasize the need for you to make an investment right away. Watch for scams where the marketing of tangible services and products is secondary to recruiting others to sell beneath you. Some of these kinds of business opportunities are viable and reputable, some are not.

Seek advice. Consultation with an expert who can guide you through the questions you must ask yourself before you even think about buying a business opportunity or franchise is worth your time, and even your money. There’s too much at stake as one grows older, and time is of the essence, so getting it right the first time when you’re ready to go around a second time is crucial.

SCORE “Counselors to America’s Small Business” offers business advice free of charge at its website www.score.org, as well as in-person assistance through its hundreds of local branches across the U.S.

Data sources: U.S. Census Bureau; U.S. Department of Labor; Challenger, Gray & Christmas, Inc., Chicago, IL (May 21, 2007, press release).

Live On Your Own Terms
Related Blog Posts

Entrepreneurs Wanted - Once you’ve decided to take the plunge and enter the scary, exciting, challenging and oh-so satisfying world of entrepreneurship, you need to find the best business opportunity. How do you find one that has potential, sparks your interest and doesn’t break the bank? How do...

Live On Your Own Terms

Start a Business Opportunity with $100 or Less - Don’t let a lack of funds keep you from starting your own business.

Start a Business Opportunity with $100 or Less Really IS possible. The variety of opportunities available is surprising, and not all are internet related. It’s a fact, you don’t...
Live On Your Own Terms

How Do I Buy A Business And Not Get Ripped Off? - When you buy a business opportunity, you can hit the ground running. That’s because someone else has already developed the idea, the system, the service, the product, whatever form the readymade biz opp takes.

Here is a look...
Live On Your Own Terms
The Opportunity Analysis Canvas By James V. Green (Author) “From the creator of “Developing Innovative Ideas for New Companies”, the #1 course in entrepreneurship with over 600,000 learners from 175 countries. IN THE OPPORTUNITY ANALYSIS CANVAS, DR. JAMES V. GREEN...
Live On Your Own Terms
October is National Women in Business Month, so what better time to talk about the incredible strides that women are making in becoming business opportunity and other small business owners.  It’s also a great time to talk a little bit about why business opportunities are a specifically good fit for women...
Live On Your Own Terms
Featured Listings
Entrepreneur
Be Your Own Boss

The Billion Dollar Salesman -Serving the World for 28 Years! I’ve truly lived a blessed life and I have also been fortunate to have many mentors that provided me with guidance and motivation. As a result of learning how to do things the right way the companies that I’ve owned have generated just...

Read More

Opportunity Video Spotlight

United Games! The first and only business that will pay you 24/7 365 days a year when people are watching NFL, NBA baseball, soccer, cricket, rugby, hockey in fact any major sport anywhere in the world.

Premium Sponsor


Launch a local deals website and Loyalty program. Turn-key local deals website setup on your own domain! 100% your business. Keep 100% your sales. Work on your time! No Experience Needed.

Benefits of Launching a Perks Nearby Business Are As Follows:
  • Exclusive to your area and Deals website and app
  • Loyalty Program and Your own brand & logo
  • 100% your business, you keep 100% of the sales
  • Work on your time and Multiple revenue streams
  • Web & Mobile Deals
  • Loyalty Program and Social Deal Apps
  • Text Deals and Affiliate Deals
  • Innovative technology and Marketing support
  • Training and support
Perks Nearby provides a turn-key and loyalty program business that gives you everything you need to be successful in your community.