Do You Want To Retire Or Do Something More Interesting?
Baby boomers are a different breed from previous generations, and they demand different choices for retirement. Forty years and a gold watch won't work on a me-first, go-for-it crowd of free thinkers weaned on social change, pot and LSD. So what choices are boomers facing?
Previous generations retired after working for one company for 25-30 years, and after that stretch, they then retire and get a pension plan. Retirees had a small house paid for, a decent Social Security check and a pension. Add to that a life expectancy of around 70 years, and you'll have a perfect retirement plan.
Today it's a different reality for sure. Life expectancies are creeping up past 80, pension plans are quickly disappearing, and full retirement is no longer at age 65, but rather 66, plus we can expect that to vary even more in the future. With the fact that many of us baby boomers are poorly prepared financially, and it's clear why the current retirement landscape ain't so rosy for boomers.
So, more and more, boomers are seeking entrepreneurial opportunities to help shore up their inadequate retirement savings like starting your own Inetent based business.
But businesses can and do fail, often. The great thing about an Internet business is that the risk is small and even if it fails the loss is really only your time and a few hundred dollars but the potential rewards are huge.
Think about the math of failure and recovery. If you start a business when you're 55, and it takes about four years to fail, how able will you be to start yet another venture when you're age 60?
Networking is hard both off and online. Handshaking and backslapping takes a lot of effort for offline promoters, and web cashflow takes entirely new techniques.
Being on your own means you set your own procedures and policies, serve as your own human resources, sales, marketing, payroll, tax and accounting departments, plus fax and phone answerer - the list goes on and on…
Prepare to work longer wherever you are. Some companies will allow you to consult, and many companies allow flextime for working from your home. If you do decide to start your own offline business, prepare to gather contacts from the network opportunities you have where you work now, For an online business, plan to invest for initial and ongoing education and coaching though networks such as Automatic Authority Site Builder.
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