Working for Yourself When You're Over 50 Sheffield
Many successful businesses are now being launched by those over 50, an age and stage where people have plenty of energy, skill and wisdom and the need for financial reward is perhaps less pressing. As at any age there are many challenges to overcome but as this article explains a clear view of what you want to achieve is the solid foundation of becoming a successful olderpreneur.
Competence At Work
0114 2922201
0114 2922201
Blades Enterprise Centre John Street
Sheffield
Sheffield
Hardy Transaction Management Ltd
0114 2762007
0114 2762007
Beehive Wks Milton St, S3
Sheffield
Sheffield
South Yorkshire European Information Centre
0114 2252126
0114 2252126
City Campus, Howard St
Sheffield
Sheffield
Streetwise Direct Ltd
0114 2799921
0114 2799921
Shoreham Ho, Shoreham St
Sheffield
Sheffield
Rider Levett Bucknall
0114 2895000
0114 2895000
38 Carver Street
Sheffield
Sheffield
Trafalga Management Ltd
0114 2750123
0114 2750123
92A Arundel Street
Sheffield
Sheffield
Hewitt's Advisory Services
0114 2763366
0114 2763366
41 Townhead Street
Sheffield
Sheffield
Jones Lang LaSalle
0114 2731782
0114 2731782
Catherdral Ct, Vicar La
Sheffield
Sheffield
Tribal Managed Services
0114 2196000
0114 2196000
St Marys Court 55 St Marys Road
Sheffield
Sheffield
6 Principles Ltd
0114 2808800
0114 2808800
Red Ridge Ho, 100 Trippet La
Sheffield
Sheffield
Working for Yourself When You're Over 50
Why would someone over 50 want to work for themselves rather than being employed?
Statistics show that most 'small' start up businesses are neither particularly profitable nor particularly successful (there are high initial failure rates), so why would someone who is sane, solvent and over 50 want to embark upon such a high risk endeavour?
Experience shows that most people start out with one or more of the following factors as motivation:
• a good idea which they believe they can develop and exploit (personal satisfaction)
• a desire for more flexibility and control (freedom)
• a need/want for new challenge (excitement)
• a burning desire to make a difference in some field (passion)
The idea of making serious money is usually always a 'would be nice' rather than a true goal or motivator. If it happens, it is usually a side-product of the passion, commitment and motivation which goes into the business, rather than an expected output.
Risk reduces with age
Certainly it is easier and less risky to remain employed - the pay slip, holidays and benefits are guaranteed, and there are the added comfort of backup, support and motivation from workmates. For both men and women this is hard to give up particularly if mortgage, marriage and children are still hungry cash consumers.
The good news however is that as you age, your likelihood of establishing a successful business increases considerably. It is truly a case of “wisdom wins”.
And the additional piece of good news for females is that many women make great entrepreneurs; they tend to be creative, good at multi-tasking, can be hugely passionate and committed about their business, and sometimes have a working partner to supply some financial security.
Balancing work and family
However, it cannot be overlooked or underestimated that for those over 50s – male or female - who have partners and children and generally are still the mainstays of keeping the financial show on the road, being self-employed does represent a risk.
Furthermore, home commitments such as family life and holidays do not always sit at all easily with the workload of a self-employed entrepreneur - unless they are making so much money that they can afford to hire employees (usually not an immediate option).
In respect of entrepreneurial 'glass ceilings' – the issue of how successful it is possible to be - one of the biggest factors influencing the progress of 'entrepreneurs' of all types and at all stages is lack of confidence.
This is even more marked for those in later life (particularly males) who may have had a successful employed career and are now wary of failing in business.
There are many challenges to be faced in starting a business over 50. But certainly age is no barrier and there are many rewards. Amongst all else the magic for many “olderpreneurs” lies in achieving their life’s ambition and proving what they can accomplish at a time in life when others might be thinking of slowing down.
Click here for more information from in my prime about working for yourself over 50
Statistics show that most 'small' start up businesses are neither particularly profitable nor particularly successful (there are high initial failure rates), so why would someone who is sane, solvent and over 50 want to embark upon such a high risk endeavour?
Experience shows that most people start out with one or more of the following factors as motivation:
• a good idea which they believe they can develop and exploit (personal satisfaction)
• a desire for more flexibility and control (freedom)
• a need/want for new challenge (excitement)
• a burning desire to make a difference in some field (passion)
The idea of making serious money is usually always a 'would be nice' rather than a true goal or motivator. If it happens, it is usually a side-product of the passion, commitment and motivation which goes into the business, rather than an expected output.
Risk reduces with age
Certainly it is easier and less risky to remain employed - the pay slip, holidays and benefits are guaranteed, and there are the added comfort of backup, support and motivation from workmates. For both men and women this is hard to give up particularly if mortgage, marriage and children are still hungry cash consumers.
The good news however is that as you age, your likelihood of establishing a successful business increases considerably. It is truly a case of “wisdom wins”.
And the additional piece of good news for females is that many women make great entrepreneurs; they tend to be creative, good at multi-tasking, can be hugely passionate and committed about their business, and sometimes have a working partner to supply some financial security.
Balancing work and family
However, it cannot be overlooked or underestimated that for those over 50s – male or female - who have partners and children and generally are still the mainstays of keeping the financial show on the road, being self-employed does represent a risk.
Furthermore, home commitments such as family life and holidays do not always sit at all easily with the workload of a self-employed entrepreneur - unless they are making so much money that they can afford to hire employees (usually not an immediate option).
In respect of entrepreneurial 'glass ceilings' – the issue of how successful it is possible to be - one of the biggest factors influencing the progress of 'entrepreneurs' of all types and at all stages is lack of confidence.
This is even more marked for those in later life (particularly males) who may have had a successful employed career and are now wary of failing in business.
There are many challenges to be faced in starting a business over 50. But certainly age is no barrier and there are many rewards. Amongst all else the magic for many “olderpreneurs” lies in achieving their life’s ambition and proving what they can accomplish at a time in life when others might be thinking of slowing down.
Click here for more information from in my prime about working for yourself over 50