How to survive without a job at 50 years old?
As a woman in my 50’s and up a little, I have demonstrated my resourcefulness and resilience throughout my life. I’ve become, or maybe I should say we women have become experts at doing things for the first time.
Some have earned degrees, some raised families and earned degrees as well, managed our careers, and traveled alone. Now as we are near the 60s, many of us are facing our greatest challenge.
Yes, and it is
One option is to start an online business. But, despite a lifetime of experience, many of us lack the confidence to get started. If you are thinking about starting a business in retirement, it is essential, to begin with, your mindset… Mindset! I mean that you will need to think positive, write your goals, write a Plan.
But here we will talk about open an affiliate Online Business.
I’m not talking about opening a business, getting stock, sales, no not that old kind of business, I’m talking about online business, affiliate marketing, selling pictures, promoting products, writing ebooks, helping people to do so.
Sure, it’s a lot of work and a lot of hours, but one thing that should not stop you is… Your age!
WHAT IS A BUSINESS PLAN: A business plan is a formal written document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved. It also describes the nature of the business, background information on the organization, the organization’s financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road map that provides direction to the business. (from Wikipedia).
Starting your Plan, it is critical to decide what are your goals, and what is your knowledge?
What would you like to talk about in your Online Business?
Starting a business will influence everything else that you do. Is your goal to make a substantial survival income? Do you just want to bring in a little extra cash to supplement your income? Or, perhaps you want to but, in most cases, it is enough to start by writing your plan around a few key questions:
- What are your goals for the project?
- How will you measure your success?
- What help can I bring to our customers?
- Who are your potential customers?
- Where do they go for information?
- Who are your competitors?
- What do they do, what can you do better?
- What is your product or service and how will you tell people about your product?
- How much money will you need to get off the ground?
- Where can you get practical advice and emotional support?
When starting your online business, I suggest reading and revisit these questions you will be in a much better position than 90% of the people of any age who try to have an online business.
Starting a business is hard, you need motivation and a good motivation is the choice you make for your online business is that it’s in an area that you already are passionate about. (question#8).
Never let anyone tell you that your passion is too specific. The fact is that some of the best small business ideas serve niche audiences.
Such as opening a vintage hat store, if that’s what you love! Or, perhaps you’re a great cook and want to give your recipe write them and how to do it? Or you know about car mechanics, make a video on how to repair a starter? Share your passion with the world, there is no limit to the number of small business ideas for people over the 50s and 60s.
Ironically, you have a much better chance to succeed financially if you build your business around your passions.
HERE IS MY NUMBER #1- RECOMMENDATION TO MAKE PASSIVE INCOME FROM HOME
You will need to make networking a priority. Ask business colleagues, friends for guidance. Give them specific things to help you with. It’s time to update your profile on Linkedin recently, on Facebook, Instagram, and others you have. Media social will become a good tool to work with.
Surrounding yourself with positive people can make a huge difference in your life.
Many women of my generation are modest when assessing their own skills. We don’t like to brag. Now is the time to remind yourself of just how talented you really are. You have accomplished more than you give yourself credit for. If you need a little extra inspiration, on how to improve your self-confidence. (https://en.wikipedia.org/wiki/Confidence)
Reflect on why you want to start a company and what might be holding you back. You have a lifetime of experience to apply to your new business. Now is the time of your life to do the things that you love. If you can build a successful business around your passions, so much the better!
If you considered starting a new business, here we have the best platform, with a Coach, a positive community of people, and Experts that will help you achieve your goals.
HERE IS MY NUMBER #1- RECOMMENDATION
Thank you for reading, and when you decide to start your business with us at Wealthy Affiliate, I’ll be there for you if you need anything or any questions leave a comment below.
All the Best!
Heads up: My posts may contain affiliate links! If you buy something through one of those links, You won’t pay a penny more, but I’ll get a small commission, which helps keep the lights on. Thanks!