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Baby Steps That All Seniors Can Take to Start Their Own Home-Based Businesses

By Carla Lopez, Owner & Chief Executive Office, Boomer Biz

(Photo via Pexels)

More seniors than ever before are launching their own home-based businesses. This is a great way to practice something you’re passionate about, learn new skills, and generate a side income. Whether you face mobility challenges or a chronic health issue, almost anyone on any budget can take steps to launch their own business. Carla Lopez, Owner & Chief Executive Office, Boomer Biz shares several baby steps that all seniors can take to get the ball rolling on becoming a new business owner.

Brainstorm business ideas that bring you joy.

If you are at the stage where you’ve thought about starting a business but you have no idea what you’d do, this is a fantastic place to start. Pick up a pen and pad and begin brainstorming all possible business ideas that bring you joy. From custom-decorated drinkware to handcrafted end tables, the possibilities are endless. Whatever you choose, make sure it is something you love to do.

Take relevant online classes or enroll in an online degree program.

It is never too late to go back to school. If you would like to learn more about business before getting started, you can enroll in online classes or an online degree program. For example, you can enhance your business skills by earning an online accounting degree. Taking a mix of classes in finance, marketing, or economics can help you learn how to launch and grow a successful home-based business.

Start organizing your home office.

Another great way to motivate yourself to start a home-based business is to pick a location for your home office and to begin organizing it for that purpose. If it is currently full of clutter, take steps in sorting through knickknacks, paperwork, and the like. You can also purchase a desk, chair, and decorative items to make this space feel like a real office.

Research what paperwork you’ll need to complete.

Even as a home-based business, you’ll need to file various items of paperwork with both your state and your county/city. Some of the most common things you’ll need to apply for include your retail sales tax permit, your business license, and your business structure (if you are forming an LLC). Rather than rushing into everything, take your time to carefully research what you need to get started with your business. If unsure about anything, be sure to call or email the right department to prevent future frustration or delays.

Top three takeaways:

1. It is never too late to start your own business.

2. You don’t need formal business experience.

3. Taking baby steps toward your goal is a great way to make progress.

Boomer Biz is a resource for people in their golden years who want to start their own business or go back to work doing what they love. Learn more about what they do today.

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