• Ann Sieg and Ty Tribble's Blogging For Prospects

Retirement…A New Life – A New Career

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For many the idea of retirement comes with the automatic translation that it means that you will stop working is just not acceptable.  For many, retirement from work is equivalent with no longer living.  If you have been a productive worker all of your life and someone asked you what your dream retirement might look like, you might respond “to work” because you may be one of those people for whom work is what gives meaning and purpose to life.

It isn’t fair for us to impose the same standards of retirement on everyone.  To say that to enjoy your golden years, you must take up fishing, start sleeping until noon, sit in a rocker and watch the day go by and gradually turn into a senior citizen would to many be the same as sentencing them to life in prison without parole.  So for many it’s very possible that working would be the thing that would make your retirement meaningful.

Still others must continue to work into their retirement years because they did not or could not prepare for retirement.  Whatever the situation, there are some adjustments that should be made to shift to a retirement career that you can continue to do well into your senior years.

You can get a running start on your retirement planning if you find that a career change is appropriate later in life.  Many times we do find that the career we are in may either be changing so fast that it’s hard to keep up, it’s too physically demanding when you are older or in some other way that job has become a “young man’s game”.  If that has happened to you, you can get a jump start on finding a career that you can stick with well into your retirement years, that career can be an income generator that might never go away.

It is not at all uncommon for men in their later years to start a new career.  Perhaps you just want a career where you can use the creative side of you and one that can be a natural transition into retirement.  Perhaps you reached the maximum vesting of your retirement account with a job you held for decades so you can “retire” from that job with full benefits and funding and still start another career that you can take on into retirement and keep doing as you enjoy the fruits of retirement as well.

Many times the skills and knowledge you learned in the business world during your first career can transition you into a lucrative consulting career late in life.  One way to explore this option is to think of the venders who sold goods and services to you when you were in your previous career and contact them to see if you might now represent their services as a former satisfied customer.  If you had specialized knowledge and training in how to use their software or a technical product, that training which your former employer paid for can now transition into an exciting career as a sales representative or sale support for the very companies who once had you as a customer.

The internet can also open up worlds of money making opportunities that you can use to land work or sell something you may have made by setting up your own web site and learning how to promote yourself online. Many cottage industries have taken off and been hugely successful just getting what you do out into cyberspace.  For example, if you are talented at making beautiful artistic pottery, you can create a line of pots that is perfect for sale over the internet.  You can work with a skilled internet web developer and marketer to get your product out on the internet and before long, you might have more orders than you know what to do with all flying out through your web site which is collecting the money and filling your back account up with all the profits.

The ways you can create a new business in your retirement years are only limited by your imagination.  And once you have a good new career going that you can continue well into your retirement years, you won’t have many of the worries other retired people have.  You can enjoy the freedoms of a retirement lifestyle and made plenty of money at the same time.  And that’s a great combination.

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The Looming Retirement of “Baby Boomers”

Help for Baby Boomers

A good deal of talk has been made of the looming retirement of “Baby Boomers.”  Most recent there has been numerous articles written in several media concerning their use of  home equity to retire on.

Eileen Powel of the Associated Press said “home equity” may be baby boomers’ salvation; while comments in other media’s say proceeds from selling their house is what millions of baby boomers are counting on for their retirement.

Personally, I don’t want to sell my house in order to afford retirement.

Recently the Trustees of Social Security and Medicare published their  annual report.  The report stated that Social Security could be insolvent by 2040 and that Medicare Taxes could double by 2012.

I think we have to ask ourselves these questions:

  • Can I count on Social Security?
  • Can I manage the health insurance premiums after retirement?
  • Is my savings or 401K adequate?
  • Can I afford to retire?

At my actual 9 to 5 job the insurance premium for family coverage is $110.00 A WEEK.  And that’s just my portion of the premium.  Above and beyond what my employer pays. What will they be in five years, thirty, fifty, seventy percent higher?  It doesn’t matter; we can’t afford them anyway.

Huge numbers of  boomers are looking to start a home based business to supplement their retirement income.  They want to continue their life style and cutting back is not in their vocabulary.

I have researched many Internet Businesses.  One must be very careful not to fall into the trap of thinking he or she will become an overnight millionaire.  Doesn’t happen. It takes time, effort and endurance.

However, many people have developed profitable home businesses. And yes, some have even made millions. But again, it didn’t happen overnight.  Multiple streams of income and residual commissions are necessities to successful Internet businesses.

If you’re considering an on-line home based business whether you’re a boomer looking to supplement your retirement income or just want out of the 9 to 5 the key to your success is planning, acting on that plan and consistent effort.

Wishing you the best and much success,

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Where Are the Baby Boomers ?

Do you ever wonder where the baby boomers are now?

For the benefit of the youth who belongs to the New Generation of the Twenty first Century, one is considered a Baby Boomer when born between the years 1946 to 1964.

During those years, there was a tremendous increase in birth rates because of the economic affluence being enjoyed in many countries around the world after World War II. The term Baby Boomer was used to mean the culture and population of Americans in particular.

The generation of the Baby Boomers is just different from any other generation ahead or next to them. They have created many major impacts in the lives of man, may it be in politics, industries, culture, arts and academics.

The Baby Boomers seemed to have worked much longer and harder to the extent of putting off the idea of marriage and having children was at the bottom of their priorities.

Presently, the Baby Boomers are in their late fifties and early sixties. And they show no sign of stopping. They just continue to make waves and changes in everything they do. Facts and statistics showed that Baby Boomers will continue to stay much longer in the workforce than any preceding generations.

They were raised during the period when after getting the degree for a chosen career, getting employed for that profession is not far behind. They might be retiring in a few years or so or already retired, but it doesn’t mean that they will stop working or contributing their knowledge and expertise.

More often than not, they might just make a transition to other careers such as teaching and civic volunteer jobs. Shifting to a new career is not uncommon especially if the focus is not to earn money for a living but just to stay abreast with society and at the same time have fun with what they are doing.

The Baby Boomers will surely make use of their experience, talent and energy in reconstructing their communities, reinventing themselves for the purpose, and recharging their civic way of life.

During this new phase of their lives, where retirement is viewed as having sickness and declining health, their life will be redefined with a new purpose while having leisure, freedom, and away from the pressures of work and family.

Aside from the possibility of redirecting their lives, Baby Boomers are now the prospective clienteles of real state agents. Social innovators, real state developers, architects and planners are now busy preparing community and housing designs for Baby Boomers who are retired or will be retiring in a few years from now.

The wide competition in the real state market these days brought certain advantages to would-be retiring Baby Boomers. The wide selection of where to go and how to spend their hard-earned extra cash will offer numerous opportunities and benefits.

One of the alternatives for Baby Boomers is if they would want to stay in a traditional type of neighborhood with the local town centers, a wide selection of transport services including walkable track and streets, and housing environment of all sizes and shapes to put up with any type and number of families.

The question of where will the Baby Boomers go or where will they spend their retirement period is a critical challenge to the present generation. As they grow older, they will still want to feel wanted and useful to society and not just be the aging burden of government social services.

Baby boomers are definitely here to stay. They can be found in top posts in the government and private institutions. They may be advancing in age, but they still have a tight grasp in the socio-economic and political aspects in our country and the world. They are movers and shakers that can still make changes as they did in their youth.

There will come a time when the number of baby boomers will decline and many of them will be in retirement homes or in their own homes resting. By then, the ruling American generation will be their successors and they will surely feel the decline brought by the retiring baby boomers.

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What Reasons Are There for You to Open a Business Online?

There are plenty of reasons as to why many people open a business online, and below we will provide you with just a few of them.

For many people, the main reason that they decide to open a business online is to earn an extra income.  Usually, this is in addition to the income that they are already earning.  However for others, what starts as a part time venture, soon becomes a full time one.

Another reason that people decide to open a business online is that they have more control over their working life.

Also, it provides them with a chance to spend more time with their family and friends.  Today much too much time is spent working, and many people find that they have little or no time to spend with those that they love.

Furthermore, there are other reasons as to why so many people now choose to start an online business.

What rush hour?

No longer do they need to get up in the morning to rush off to work and get caught up in all that traffic.  Now that time which would normally be wasted sitting in traffic can be used to their advantage.  Plus, it is up to you when you work, so if you don’t want to start until late in the morning, you do not need to.

Prosperity

Because of the rapid advance in technology, many online businesses today tend to be prosperous, and so getting involved in this type of business is a good way to make some money.

Costs of Starting Up

This is probably one of the biggest reasons as to why many people choose to open a business online.  As many of the transactions are completed online, there is little or no need for lots of paper and documents.  What one really needs in order to get an online business going is a computer, a high speed internet connection (ADSL), printer, fax machine and few other essentials that an office may need.

As you can see, these are just a few good reasons for why setting up an online business might be the ideal choice for you.

If you are serious about opening a business online and starting it successfully from the first day, I recommend you register to get the eBook  Create your first website by…. its completely free. 120 plus pages!  written In simple non-technical talk, where you’ll find step by step instructions on how to start making money online. Plus free membership to a weekly newsletter full of helpful tips and tricks. Register now at www.sankyscorner.com

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Starting A Home Business Online… Do you understand what this means?

Creating your very own business from home online is a great challenge, and will initially take a great amount of planning, courage, time, and most of all, patience.

So you decided to start a home business online! Creating your very own business enterprise is a big challenge, and will initially take a important amount of planning, courage, time, and most of all, patience. However, learning the  basics of the home business world early can save you much of the hassle and frustration that goes with the  home-based biz territory. And best of all, in the end, you’ll be really rewarded for your efforts.

Starting a home business doesn’t have to be scary, if you play the game correctly. Obviously,lots of folks think that starting their own business means quitting their full time job altogether and starting from scratch. The thought of giving up a regular paycheck for something that has a risk of failure is truly frightful. That’s why it’s a good idea to keep that day time job and work on your home business on the side, until it starts bringing in enought money for it to be a full time job.

We tend to ask ourselves so many questions when starting a business from home. Where do I start? Will I be successful? Am I clever enough to do this? Where can I find help? Believe it or not  If you have the correct attitude you’ll be able to answer all of these questions and be happy in no time.

Decide the type of home business that you would like to create. Would you like to sell a product, promote a program, or offer a service? Brainstorm and think of an idea that is well-suited for you, and meets your interests. You must keep in mind that this is a  business that you visualize participating in for the long run. Sometimes, the obvious can be the best choice!

No one has ever started an online business and sailed through the startup phase; there’s a trial and error period for everyone. If you are able to see where you went wrong and change it, you’re on your way to success. An online business is a marathon, not a sprint.

There are new skills to develop and maintain to create an online business. I will assume that like it was for me, you have no clue on how to begin the process of building a website.

The internet is loaded with resources and people who can help you succeed. There’s not one question that you have about your business that can’t be answered almost immediately. Unfortunately not everyone will help you, but there are folks who will guide you through the process. I  wouldn’t  have  gotten to where I am today without help.

I searched and found ways where I could learn from home. I signed up for this free eBook, In it I found a step by step system that thought me the skills I required to build my first website, publish it online and maintain it. With this eBook you will learn all the skills needed to build a successful business online and much more. So remember you’ll never be alone again! Visit me at www.sankyscorner.com

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A View on Aging… Great Advice From A 71 Year Old

Great advice from a 71 year old…

George Carlin on aging!
(Absolutely Brilliant)

IF YOU DON’T READ THIS TO THE VERY END, YOU HAVE LOST A DAY IN YOUR LIFE AND WHEN YOU HAVE FINISHED, PLEASE DO SEND IT ON.


George Carlin’s Views on Aging

Do you realize that the only time in our lives when we like to get old is when we’re kids? If you’re less than 10 years old, you’re so excited about aging that you think in fractions. ‘How old are you?’ ‘I’m four and a half!’ You’re never thirty-six and a half. You’re four and a half, going on five! That’s the key. You get into your teens, now they can’t hold you back. You jump to the next number, or even a few ahead.  ‘How old are you?’ ‘I’m gonna be 16!’ You could be 13, but hey, you’re gonna be 16! And then the greatest day of your life ! You become 21. Even the words sound like a ceremony.YOU BECOME 21. YESSSS!!!

But then you turn 30. Oooohh, what happened there? Makes you sound like bad milk! He TURNED; we had to throw him out. There’s no fun now, you’re Just a sour-dumpling.. What’s wrong? What’s changed? You BECOME 21, you TURN 30, then you’re PUSHING 40. Whoa! Put on the brakes, it’s all slipping away. Before you know it, you REACH 50 and your dreams are gone…

But! wait!! ! You MAKE it to 60. You didn’t think you would!  So you BECOME 21, TURN 30, PUSH 40, REACH 50 and make it to 60. You’ve built up so much speed that you HIT 70! After that it’s a day-by-day thing; you HIT Wednesday! You get into your 80′s and every day is a complete cycle; you HIT lunch; you TURN 4:30; you REACH bedtime. And it doesn’t end there. Into the 90s, you start going backwards; ‘I Was JUST 92.’

Then a strange thing happens. If you make it over 100, you become a little kid again. ‘I’m 100 and a half!’  May you all make it to a healthy 100 and a half!!

HOW TO STAY YOUNG

  1. Throw out nonessential numbers. This includes age, weight and height. Let  the doctors worry about them. That is why you pay them.
  2. Keep only cheerful friends. The grouches pull you down.
  3. Keep learning.  Learn more about the computer, crafts, gardening, whatever, even ham radio. Never let the brain idle. ‘An idle mind is the devil’s workshop.’ And the devil’s family name is Alzheimer’s.
  4. Enjoy the simple things.
  5. Laugh often, long and loud. Laugh until you gasp for breath.
  6. The tears happen. Endure, grieve, and move on. The only person, who is with us our entire life, is ourselves. Be ALIVE while you are alive.
  7. Surround yourself with what you love , whether it’s family, pets, keepsakes, music, plants, hobbies, whatever.Your home is your refuge.
  8. Cherish your health: If it is good, preserve it. If it is unstable, improve it. If it is beyond what you can improve, get help.
  9. Don’t take guilt trips.. Take a trip to the mall, even to the next county; to a foreign country but NOT to where the guilt is.
  10. Tell the people you love that you love them, at every opportunity.

AND ALWAYS REMEMBER:

Life is not measured by the number of breaths we take, but by the moments that take our breath away.
And if you don’t send this to at least 8 people – who cares?
But do share this with someone. We all need to live life to its fullest each day!!

Life’s journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting…
“Holy Shit ….What a ride!”

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A Positive Attitude The Key to Success

The Powers of a Positive Attitude

I am going to ask you to something very weird right now. First of all, I want you to listen to your thoughts. Now tell me, what thoughts fill your head? Would you label them as positive, or negative?

Now let’s say you are walking down the street with these thoughts. Do you think anyone who would meet you would be able to tell you what’s on your mind?

The answer to number one is up to you. But, the answer number two can be pretty generic. Although people will not be able to tell you exactly what you think, they will more or less have an idea of how you are feeling.

Here’s another question. When you enter a party filled with friends, do they all fall silent as if something terrible had happened? Or does everybody there perk up as if waiting for something exciting to happen?

You know what? The answer to all these depends on your frame of mind.

Thoughts are very powerful. They affect your general attitude. The attitude you carry reflects on your appearance, too – unless, of course, you are a great actor.

And it doesn’t end there. Your attitude can also affect people around you.

The type of attitude you carry depends on you. It can be either positive or negative.

Positive thoughts have a filling effect. They are admittedly invigorating. Plus, the people around the person carrying positive thoughts are usually energized by this type of attitude.

Negative thoughts on the other hand have a sapping effect on other people. Aside from making you look gloomy and sad, negative thoughts can turn a festive gathering into a funeral wake.

A positive attitude attracts people, while a negative attitude repels them. People tend to shy away from those who carry a negative attitude.

We can also define attitude as the way of looking at the world. If you choose to focus on the negative things in the world, more or less you have a negative attitude brewing up. However, if you choose to focus on the positive things, you are more likely carry a positive attitude.

You have much to gain from a very positive attitude. For one, studies have shown that a positive attitude promotes better health. Those with this kind of attitude also have more friends. projecting a positive attitude also helps one to handle stress and problems better than those who have a negative attitude.

A positive attitude begins with a healthy self-image. If you will love the way you are and are satisfied, confident, and self-assured, you also make others are around feel the same way.

A negative attitude, on the other hand, has, of course, an opposite effect. So, carrying a negative attitude has a twofold drawback. You feel bad about yourself, and you make others feel the same way.

If you want to have a positive attitude, you have to feature healthy thoughts. This is probably very hard to do nowadays since, all around us, the media feeds us nothing but negative thoughts. A study shows that for every 14 things a parent says to his or her child, only one is positive. This is truly a saddening thought.

If you want a healthier outlook in life, you need to think happy thoughts, and you have to hear positive things as well. So, what can you do? Well, for starters, you could see a funny movie, you could play with children, spend some time telling jokes with friends. All these activities fill you with positive stimuli, which in turn promotes positive attitude.

Although it is impossible to keep ourselves from the negative things around us, you can still carry a positive attitude by focusing on the good things, the positive things in life.

And this positive attitude you now carry can be of benefit to other people. Sometimes when other people feel down, the thing people mostly do is try to give them advice. But sometimes, all they need is somebody to sit by them, and listen to them. If you have a positive attitude you may be able to cheer them up without even having to say anything.

If positive attitude is really great, why do people choose to adopt a negative attitude instead? One who carries a negative attitude may be actually sending a signal for attention. Before you get me wrong, feeling sad, angry, or gloomy is not wrong itself. But dwelling on these thoughts for far too long is not healthy either. There is a time to mourn.

As always, if you are beset by troubles, even in your darkest hour, focus on the good things in life, you will always have hope. Problems become something you can overcome.

You do not have much to lose by adopting a healthy, positive attitude. Studies show that such an attitude actually retards aging, makes you healthier, helps you develop a better stress coping mechanism, and has a very positive effect on all the people you meet every day. So, what’s not to like about a positive attitude? Adopt one today.

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Career Change, Is It For a Baby Boomer?

Society may have long provided baby boomers for their emotional and basic needs, but there comes a time when this category of people needs to begin focusing on meeting these needs on their own, independently and intelligently. So is the case with their deciding on a career change initially, it may seem hard to take a decision, but no one says that changing professions needs to be a ‘drop of the that’ decision, so take your time and weigh the pros and cons of probable
career change options. Of course, a career change is not always a good decision, especially for those baby boomers already having attained a level of success in their current job, but sometimes, one can naturally feel that their natural path lies elsewhere.

In such a situation, it is best to introspect and come up with potential career change options based on talent, abilities and aptitude for excelling at the new occupation rather than just going by the lure of big money, which many people get misguided by.

A bigger pay package shouldn’t be the only measure for determining a career change since jobs already pay well enough today to satisfy all major needs especially with easy financing available for extras or for kids care etc. However, if one is really sick of working at the same job day in and day out, then a career change may be a good idea – for those who have no love left for their work.

Baby boomers are generally people who are already well-settled into their chosen professions by now, yet want to work harder and longer than others inspired by the need to excel with many taking late retirement and still others changing careers, too; thus, this category comprises a professional workforce that believes in contributing valuable expertise even after retirement. Retrement often justifies a change

Many baby boomer have changed jobs often and still lacked the satisfaction that comes with an ideal job; others find the decision making behind a career change a impressive task. Whichever category you fit in, you need to look within for the answer and take the ultimate step towards your reasons for considering a career change.

What makes it difficult for the baby boomer generation to confront a career change is the fact that they grew up in a comfortable world where their needs were met for them, so in today’s highly competitive marketplace, they are better equipped to contend with equally qualified people and should make an effort to do so,  for their own sakes.

The simplest advice a career adviser could give baby boomers looking for a career change is to look for something they love doing, and then stick to working at that, till retirement age  So, while many people leave jobs, and still others are not cut out for certain jobs, and even Many may be laid off, those that make career change a calculated and conscious choice, such as baby boomers are capable of doing, should meditate certain aspects of their life to make it a smart decision.

Some of these elements involved in a career change decision for baby boomers include, evaluating present skills and aptitude appropriate for other jobsor business, defining your passion, being honest about talents and sense of fulfillment in the career and considering taking on fresh training to gain new ground at the present place to increase scope of work productivity.

Experts advise baby boomers to overlook irrelevant factors such as age and gender; instead focus on qualifications and desire to learn, experiment and grow by contributing in a worthy organization that one is interested in or naturally inclined towards.

Stress on the experience on the job you have and the necessary training you have gone through to bring value to the business and you’ll find that even though change is not possible overnight,  it sure can be achieved with success once you plan and work towards making it all come true.

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Do you know what you Will be Doing When Retirement Arrives: Plan your new life

Life Mapping: A Vision of Success

Success is much more than economic gains, titles, and degrees. Planning for a successful retirement is about identifying all the aspects of your life. Similar to preparing for a trip, you need to define the following details: Who are you (origin), where your going (destination), how your going to get there (vehicle), your knowledge and experience (backpack), your objectives, goals (landmarks, and route).

Origin:  Who you are

Like a map has a starting point. Your origin is who you are at this moment. Most people when asked to introduce themselves would say, “Hi,my name is Chris and I am a 55-year old, retired manager.” It doesn’t tell you who Chris is; it only tells you about her present situation. To gain insights about yourself, you must look closely at you believe in, your values, and principles as well as your economical, professional, cultural, and civil position. Furthermore, you can also meditate on your experiences to give you discernment on your good and bad  traits, skills, knowledge, strengths, and weaknesses. Upon self-examination, Chris realized that he was extremely motivated, unselfish, service-oriented, but he was also impatient. His disposition was in educational activity. Furthermore, he thought that life must serve a purpose, and that wars were harmful to human dignity.

Destination: Where are you going, your vision of who you want to be

“Who do want to be?” That’s your vision. Now it’s crucial that you know yourself to have a clear idea of who you want to be; and the things you want to modify whether they be attitudes, habits, or points of view. If you barely know yourself, then your vision and objectives for the future would also be blurred. Your goal should embrace all the aspects of your being: the physical, emotional, intellectual, and spiritual. Pursuing Chris’s story, after he defined his beliefs, values, and principles in life, he found that he needed to have a life dedicated in helping his fellow men.

Vehicle: How will you get there, Your Mission

A vehicle is the means by which you will reach your destination. It’s similar to your mission or calling in life. To a large extent, your mission would depend on what you know about yourself. Based on Chris’s self appraisal, he decided that he was suited to become a teacher and that he wanted to become one. His chosen career in retirement was to teach. Describing his new ambition fully: it was to live his new life dedicated to helping people in his same situation (retired)  as a teacher.

Travel Bag: Your knowledge, skills, and attitude

Clothing, drinks, medicines, and other travelling essentials are contained in a bag. Applying this concept to your life map, you also bring with you indisputable knowledge, skills, and attitudes. These influence your competence and assist you in achieving your vision. Granted, there is a motive for you to measure what knowledge, skills, and attitudes you have at present and what you need to take in along the way. This double appraisal will give you ideas on your landmarks or measures of success. Chris recognized that he needed to add professional knowledge and skills in teaching so that he could become a teacher. He knew that he was a bit quick-tempered, impatient with people so he realized that this was something he needed to change.

Landmarks and Route: Objectives

Landmarks confirm if you’re on the right course while the route sets the travel time. So, in projecting your life, you also need to have landmarks and a itinerary. These landmarks qualify your success. These measures need to be specific, measurable, possible, realistic, and have an end so you can’t set two major objectives such as earning a master’s degree and a doctorate degree within a period of three years, since the least number of years to complete a master’s degree is two years. Going back to Chris for instance, he discovered the following landmarks in his life map: collecting the elements that will be part of  the program he would teach in his private course by the  the age of 56; completing the preparation of his course by the age of 57; his marketing program by the age of 58 ; Retiring at the age of 59; and teaching his course “how to start a business online”.

Anticipate Turns, Detours, and Potholes

The purpose of your life map is to minimize hasty and spur-of-the-moment decisions that can make you lose your way. But frequently our plans are changed along the way due to some inconveniences, delays, and other situations beyond our control. Like in any path, there are turns, detours, and potholes thus; we must expect them and adjust accordingly.

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Your a Baby Boomer Serious About Wanting To Start A Business At Home? 5 Steps on How To Achieve Your Dream!

Don’t leave your day job just yet .If you’re a boomer looking to start a home business, there are 5 mandatory things you must do first.

Leaving the security of a job with an established retirement program, health insurance or other extra benefits can create a real tug of war for baby boomers who want to follow up on their dreams of  having their own business.

Prepare Your getting out scheme

Today the youngest of the baby boomers are about 45 and the oldest are turning 64,67.  Regardless of the group you’re in, preparing and studying a departure strategy from your job will be essential to your long-term success as a home business entrepreneur.  Do you have enough savings?  If you’re married, will you be able to participate in your spouse’s health insurance?

Build a Financial Plan

What is your salary today? What are your fixed, variable and less useful expenses?  Building a strong plan so that you and your family will know precisely what the financial situation will be until your business project takes off and begins generating revenue.

Selecting a Business Model and Legal Entity

There are many business models to choose from; Internet Marketing, multi-level marketing, consulting, and affiliate marketing to name a few.  You have to arrive at a decision based on your personality and what you are best-suited for.  Choosing a legal entity for your project should be discussed with a tax accountant or your lawyer.  Alternatives are single owner, LLC or  corporations.

Set Business Benchmarks

You wouldn’t travel across the country without a road map, for your business it’s the same thing.  Determining financial and business-building benchmarks will assist you to put together a focused plan that will help you to reach your success.

Get a Physical

What does having a physical examen have to do with your business?  When you leave your job, most probably your health insurance will change and as unjust as it may be, getting new health insurance when in your 40′s, 50′s or 60′s will be challenging.  Although going after your dream of a home business is something you are surely very enthusiastic about, if you don’t have good health to savour the rewards of your efforts, then nothing else is important.

The boomer generation is equal to no other before or after it. Technically, we’re viewed as middle-aged, but we’re anything but middle-aged in mind, body and spirit.  We know there’s more significance to life than traveling back and forth to an unsatisfying 9 to 5 job, but there are also crucial steps we need to take first.  Planning and preparing for your business right away will result to fewer headache’s later.

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