Starting A Business at 50

Starting a business at 50

How to start a business at 50? Will I lose out to younger generation since there are less years for me to fall back on? What is the success rate for seniors like me to start a business?

When I learn that Wealthy Affiliate allow me to start my business at this age and the capital and resources I needed is very minimum, I was so happy and excited for many days. I couldn’t stop thinking about how wonderful my life will be, when I have my own business.

It is not too late and surely possible to create your own business even though you are 50 years old. In fact, it is better to have your own business at this age. Why?

Because by this age you would have accumulated a lot of working experiences and have plenty of real life knowledge with you. You would have seem many businesses gone through the up and down, and will be able to handle all the hiccups in case any issue arises.

Starting a business at 50

By having your own business, there will be plenty of opportunities for you to utilize your knowledge and experiences in wide range of areas and business segment. There is no limit on how you are going to handle the business scale and what level of business you wish to participate with.

You decide how you are going to run your own business and create the vision you want your company to be. Sound exciting isn’t it? If yes, you should never miss this good opportunity to start your own business.

Once you decide to have your own business, you need to decide which kind of business platform you wish to start with. There are huge kind of businesses you can consider to setup, but do not forget about your online presence.

To succeed in this internet new world, you must let people find you and know you. Conventional business talk about getting traffic to your store, if you are in retail. Office setup will need sales people to promote and introduce products and services to others.

With the interconnected world like today, almost everyone has access to the internet. You need to establish your online presence for your business, the moment you setup the business.

How to go about getting your company be heard online? Come and visit my “Getting Started” page and you will discover there are so many useful tips for you to kick start your online presence.

With your online presence, you can reach your potential customers 24/7 and extend into many countries around the world.

You are never too odd to have your own business. Many seniors have done it and I believe you too can make it. Take a look at these successful seniors who have achieve wonderful business in their late life.

Business Ideas for you to start

You can consider to start a business focusing on the greying population. Many developed countries have this problem and they are in need of more healthcare workers. If you can help to eliminate this concern, your business will be in high demand. 

At Senior Service Business, you can find profitable idea to serve the senior citizen with your home-based business. Check it out today and start your own business to fulfill your dream of owning a business.

To give you an idea of an online store, whereby you can sell products targeting on seniors, you can visit website at Haf Box. This online retailer was setup by Mrs Eugenia Yeo in 2012 to offer those products she found lacking in the market. She has been doing well for her online business.

Public hospitals, community hospitals and nursing homes will require various products and services to support the aging population. Your company can help these organisation to fulfil their obligation or supplement their services.

Caring for Seniors are in big demand for many countries and the government usually have various subsidies to support them, your company can tap those schemes and provide the necessary products and services to meet the demand.

You can consider to provide active lifestyle among the seniors, offering products and services to keep them active and fit for their growing age.

Helping Seniors

If you have a good heart and want to help seniors to live comfortable without any worry in their old age, I can help you on that mission. I have learn a lot from Wealthy Affiliate and wish to share it to those till have not found this wonderful community.

Wealthy Affiliate will teach you how to reach out to more people on the internet, and guide you to have your online business and create your passion in your heart in helping others.

When you know that you can help others, especially those that are close to you and dearer to you, you will feel energise and have more power to face each day. It gives you the hope and dream for each day forward.

Seniors Doing Business Online

It is actually more convenient and many benefits for seniors to setup business online. Less times will be wasted on your travelling time from home to office and back. As seniors, the body movement is usually less flexible moving from place to another.

With online business, you can do your business at home and save all the hassle of climbing steps and ladder to reach your office.

High speed internet connection is widely available at most homes, and the internet allows you to reach any country in the world within second of connection. What you publish on your website and products offering, can be reached and accessed by anyone at every corner of the world, when they find you online.

Millions of potential customers are waiting for you to explore within the reach of your online presence.

Go for it and reach out to all these potential clients. With your products and services that cater to their needs. Helping those find you online to solve their problems and needs.

My personal preference of starting a business at the age of 50 years old and above, or for senior citizens wish to setup own business, is go into online business. This is the new trend in our modern world as more people are using their smartphones or tablets to access information.

When you have a business online, people can find you online and you will have opportunity to connect with them.

Resources On Internet Helping Seniors to Start Business

There are resources on internet you can turn to for help, one of them I found today is Jeff William, founder of BizStarters. He has setup online service to coach older entrepreneurs to start their businesses.

According to him, older business owners tend to treasure flexibility in their work schedule than younger generation. They have gone through the corporate world and some of them have achieved success in their career.

These older entrepreneurs have been there, done that, already managed people and they would like to grow a company without employee.

Povinelli, Founder of Dainty Wrist Jewelry, setup her online business selling all kinds of bracelets for the small-boned. Her aim is not to have a lot of money and big house but to be with her grandkids and enjoying the business.

James Glay, finally started his business at 59, after collecting vintage musical instruments for many years and setup Crash Boom Bam (now Vintage Drums And More) when he was laid off by his ex-company.

You can learn a lot from these senior citizen, how they setup their online business and witness there are many business ideas you can consider.

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4 thoughts on “Starting A Business at 50”

  1. Hi Thomas. Thanks for sharing this encouraging article “Starting A Business at 50”. This article is packed with awesome details to conceive and setup an online business or to take an existing business online. In the online world, the possibilities are endless.

    On the other hand, starting an online business at a very young age could give one so much advantage too. It’s never too late to start a business online. Please try start one even if you’re young too. Don’t wait for the perfect time. Start little.

    It’s always a good idea to set up an online business using the Wealthy Affiliate platform. Recommended for both experts and upcoming.

    Keep sharing. Cheers!

    1. You are right to say, the younger you start your business online, the better you will be.

      As our life span become longer, starting at the age of 50 is not old. In fact, you have at least 15 to 20 years to work towards your dream and goal in life. 

      With the right support system, you will be on the safe hand and you can start your business online today. Stop worrying about the future but start doing it immediately. 

      I wish you succeed in your plan journey and enjoy your life while learning a new skill set.

  2. Hey Thomas

    Being in my early fifties myself, I totally relate to your blog!  I am also an online entrepreneur and a member of Wealthy Affiliate.

    The main purpose of my online business is to be able to support myself and my wife once I retire.  I have years to go, but it’s like the story about the hare and the tortoise, in my case I am the tortoise and I will get there eventually.  In the mean time, I am building something great!

    And with Wealthy Affiliate on my side, I just have to follow their lead and I know I can succeed!

    Great inspirational and informative post!  I have your website bookmarked for future references!

    Cheers!

    Denis

    1. Hi Denis,

      I am glad that you have joined this platform and you are on the way to succeed in your online business. When we have dream, our life become more motivated and we work towards it each day. 

      Why are younger people traditionally more energetic? It is because of their dream and believe that their life will become better and richer. As seniors, we should have the courage to dream big and far, just like when we are younger.

      Let’s us show others that we can do it and we have our dream in the pipeline waiting for us. We will reach our destination as long as we continue.

      All the best to you and enjoy your online journey

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