Archive for the ‘Faces Over 50’ Category
Tuesday, May 4th, 2010
I was just talking to a long time client today about various “happenings” in her business. The company is growing and adding many new services. Certainly an exciting time for any business owner. It has been the result of a lot of hard word and dedication. Unfortunately, this growth has also resulted in internal problems.
One of those problems, and certainly not a small one, is the owner lost control of her company. As a result of losing control the owner was becoming overly stressed and is losing business. Fortunately, the owner realized what was happening and is beginning to make the necessary changes to regain control and get the business back on track.
The specifics of how control was lost or why is not as important as how this happened. Basically, it occurred because the owner lost focus of the plan to grow the business. Management of the company was put into the hands of others, who had less passion for, and experience in the industry. While the owner was off doing what they thought was best, the management team had other ideas of how the company should operate and grow.
As a business owner, you need to constantly stay focused on the plan you put in place to achieve your dream, and not delegate it to others to work that plan. You need to work it, and if others are hired to help you, manage them closely and keep them accountable to you. Otherwise the results you achieve will be that of others.
Posted in 50+, Business Info, Economy, Faces Over 50, General Business, Management, Success Principles, entrepreneurship, family business, finance, marketing | No Comments »
Thursday, February 18th, 2010
The December Issue of the AARP Bulletin contains an article about individuals who were laid off from their jobs after the age of 50. Some were 60 and older. It tells the story about how the individuals started their own enterprises and found satisfaction in them.
The article also reported that 15 percent of workers ages 50-64 are self-employed and that 25 percent are 65 or older. Are you in this age category and out of work? Do you still feel you have the knowledge, skills and vitality to be a contributing member of the workforce? I’m sure you do. Why not consider starting your own business. It doesn’t have to be large. Maybe just you.
Where do you start? Well how about a hobby you’ve enjoyed. Can you turn it into a paying enterprise? Or can you take your business skills from your previous employer or employers and turn that into a business enterprise? Not sure how to do it? There are many organizations out their that can help gain the knowledge you need to get started.
There are Small Business Development Centers around the country with excellent counselors that can help you. The organization SCORE can also help. The latter two organizations are sponsered by the US Government and are free. There is this web site which offersfree information and you can also go to our LINKS button and you’ll find a “link” to many more sites.
You may be laid off and Over 50 but you can start a successful business venture and find great staisfaction in doing so. The opportunity is not without risk certainly, but you have a lot of help out there. Take advantage of it and good luck.
Posted in 50+, Faces Over 50, General Business, Home Based Business, Self employment, Technology, entrepreneurship, global business | 1 Comment »
Monday, August 10th, 2009
Living and working in today’s ecionomy is like sitting in a glass house in the middle of a hail storm - noisy, a bit scarey, not completely safe, and when is it going to go away.
Unfortunately, the storm seems to have settled in around us but If you listen to the prognosticators, we are in for a long run, a short run, or it’s over. Sounds a lot like our weather forecasters.
So what does one do in this glass house. Some might say, set back and enjoy the show. Others say turn the music up and you won’t hear it so much, and still others say get under the bed and hope. All kinds of good advice available isn’t there.
In my house, we have decided to do a little of watching, a little bit of music and some hiding. We are not buying big items, regardless of the “two for one”, “three for one” or “get it free” promotions everyone is doing - we’re watching our budget more closely. We are listening to the music more, we turn up the sound a bit to drown out some of the negative things we don’t believe will happen, although we are not taking the “bluebird of happiness” approach to the storm. We are not hiding; we are out there letting people know we are still around and working.
Many of us have weathered these storms before and our house (business) has been a bit battered, maybe even a few broken panes, but it’s still there and still taking care of us.
Posted in 50+, Business Info, Economy, Faces Over 50, General Business, entrepreneurship, finance | No Comments »
