Business Start-Up Checklists

Find A 50+ Business That Fits Your Lifestyle

When you start to think about becoming your own boss, you should carefully consider how the work you will do in your business fits with your desired lifestyle.

Since most 50-plus business owners have some other source of income, they often do not have to work the 50+ hours per week that their younger counterparts do.

These post-50 entrepreneurs use self-employment as a way to better balance their work lives and their leisure lives.

Listed below are some lifestyle issues commonly considered by 50-plus individuals and an indication of what this can mean in their choice of business.

You want to work weekdays only. Usually, you should forget about starting a retail business, unless you can afford a weekend manager.
You want to work no more than five hours per day. You need a fairly automated business where you can ship an appreciable amount of product in a short time. A web store might fill the bill here.
You want to travel at least two months per year. You need a business where you can keep your customers happy over the phone or with occasional live visits.
You want to work with other people around. You need to start a business where you regularly make sales calls. Or you can move into an outside office where you can interact with other tenants.
You want to continually learn new things. You may be best off here by selecting a relatively new category of business that is growing rapidly. This type of business is often characterized by rapid change.
You want to heavily use technology. You will find yourself continually challenged by a need for new understanding of technology if you go into a Web-based business, where rules are re-interpreted weekly.

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