Published:

01/06/2012 12:27am

The Wealthy Retiree - Is This A Good Time To Start A Business?

Did you know that many super successful businesses have been started during economic downturns? Hyatt, Burger King, IHOP, The Jim Henson Company, Microsoft, and even MTV was started during an economic downturn. These are very successful businesses that started on a wing and a prayer with low start up costs, even in the garage of a parent's home, and are now recognized the world over just by their name.

Aside from these well known businesses, there have been solely owned and operated businesses owned by people just like you, who found a new and exciting way to support their families and themselves. They might not be multinational billion dollar corporations but they do quite well supporting their family and their retirement years. Contracting, consulting, and other types of "home businesses" or entrepreneurship have exploded during this last recession just as they have during every other economic downturn we have had in our country.

Many boomers are looking to start a business with low start up costs that they can start while still working another job, or that they can start without breaking the bank while their spouse works. Either way, there are so many different ways to use your skills today that there is certainly something that you can start part time and build to a lucrative full time income over time. The trick is to look at what skills you bring to the table now, what skills you may need to learn, and how you can put that all together to come up with a business you can be proud of doing.

With the uncertainty in the economy today boomers want to minimize their financial risk by starting a business they can do from home. Having a home office is no longer considered an unprofessional thing to do. Many people are doing it, successfully, every single day. With the technology available today, and the increase of broadband access and high speed Internet which allows a sole practitioner to outsource to others who are also working from home, there isn't much you can't do remotely while appearing to others as a huge corporation with an entire staff at your fingertips.

Opportunities are created by changes in the marketplace, it's to your advantage to keep your eyes open to the needs that you can fulfill based on the skills and interests you have today. If you currently work in an office as an executive secretary, or a manager, you can turn these skills into working as a consultant or virtual assistant, or even a coach to help others find their way to starting a business. There are so many ways that you can help people from your home office or kitchen table if you just start looking at what benefits you can offer others. Right now is a great time to do it because many businesses cannot afford to hire you full time, so why not work for four companies 1/4 time each? You'll likely end up making more money than you do now, as well as feeling more fulfilled. Because, when you are the owner of your business you become the master of your fate.

Small business expert and author Linda Hampton founder of "Attract Clients Out of Thin Air." Linda teaches smart, simple ways boomer women can use their skills, knowledge and experience how to attract more clients, create profit-making products and services, make more sales and ultimately live the life they desire and deserve. To learn more about how to Attract Your Ideal Clients sign up for more FREE tips like these, visit her site at: http://clientattractionmentor.com