Are You Too Old To Become Self-Employed?

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Unless your father owned a business, for which you were destined to inherit you were not exposed to the idea of becoming or being an Entrepreneur. To be brutally honest it takes a certain amount of guts, bravery, insanity? when you start your own business.

Why? because of the risks involved.

The older we get the fewer risks we are willing to take especially where our hard-earned money is concerned.

It has taken us a lifetime to build and nurture our nest egg, through financial crisis, pension fund frauds, children! so I’m not going to risk investing my time and money only to see it disappear into someone else’s back pocket.

30 yrs ago, even a decade ago, there were fewer resources for aspiring entrepreneurs trying their hand at innovation around the world, now however we have the Internet at our fingertips and the rewards can be enormous.

Entrepreneurship not only requires courage to innovate, it takes a lot of resources and effort. You are judged on the quality of your work, the amount of time you’re willing and eager to put into it, but the satisfaction of working for yourself is incredibly rewarding.

It can, and should become more of a lifestyle than a job.

Research tells us that it’s best to start a business in something that you have prior knowledge but what happens if this is not possible or realistic?

If that’s the case then you just have to accept that you’re not going to know exactly where you’re going or how exactly you’ll get there!

For me that was the exciting part, it was scary too.

The biggest question I get asked is “Am I too old to start?” or “Is it too late to start?

It’s never too late to start doing what you want to do. Thankfully, being creative and innovative doesn’t come with an age limit.

What you don’t want to do is get to a point where you say “I wish I had done that“.

Many people are looking to Self-employment for a variety of reasons:

Top up Pension fund or have no Pension fundForced Retirement or RedundancyFamily commitmentsIll health forcing people out of the workplace.

If you are faced with any of the above challenges then you should be doing something about it, because I can tell you now no one will come to your aid. The government cannot afford to.

    With a failing National healthcare system wouldn’t you like to be able to afford Private Health Care?With a Pension system in crisis wouldn’t you like to know that financially you have nothing to worry about?With your adult children still under your roof wouldn’t you like them to be independent?

Many people aspire to be their own boss and being self-employed, so what’s stopping you?

    Lack of experience,No idea where to start,No “amazing ” idea or product,Too Old?

Now, it’s time to stop thinking like that and realize that you’re never too old to achieve your goals and dreams.

I wasn’t going to let my age and inexperience stand in my way of creating the financial freedom that I and my family required.

Is it never too late to learn (and earn)?

Starting a new chapter in your life may seem like a big deal especially if you compare yourself to the bright young startups you hear about.

What you have that they don’t is: Life experience, hindsight and a developed skill set.

The number of self-employed people over 65 has more than doubled in the past five years to reach almost half a million. Self-employed people tend to be older (& wiser), with an average age of 47, compared with an average of 40 among employees.

So what is stopping you?