The average human life span in modern times has increased past 100 years. Hence 50 years has become a middle age for them. So they have enough time after 50 years to plan for a better future unlike their parents who had to think of retirement at that age.

Hence, a lot of us after 50 are thinking of starting new businesses using our experiences and knowledge to make money. It may be part time or full time, but you stand to gain from it.

Their hurdles to start a new career are same as their younger counterparts, but they have their experience and knowledge to back them. These abilities enable them to mange their clients most profitably. Hence it is no wonder that the U.S. Small Business Administration is finding the age difference of the new applicants becomes older.

Take the example of Mr. Jones, who worked as a journalist for 30 years. But he didn’t like it when he became part of the management. He had liked pottery, so when he was offered a chance to retire at 63 he gladly accepted it.

Thus pottery, his hobby, became his second career. He found it a challenge to market his product, but he overcame the problem by doing studio sales many times a year. He and his wife transformed a four stall barn at their new 20 acre farm in West Virginia into a studio workshop. Three years past, he became very successful with a combination of studios, gallery and annual craft show sales. His website and some clever advertisements helped.

His business is growing well and, most of all, he enjoys it. Many people like him are following the same and enjoying themselves. So if you are nearing 50, it’s a new beginning. Go for a second innings after 50, and hit it really big. The sky is your limit! So, try it.

Filed under: Business, Retirement by admin