A Business for Baby Boomers? Home Office Business Is Key
This article features an industry rather than just a business for baby boomers. You will begin to hold on to more of your money the minute you establish your home office business.
As mentioned, I’ll be talking in general terms about an industry that, quite frankly, you would be crazy to not get involved with at this stage of your life. Its not just a business for baby boomers either, it’s for anyone who is not happy with the plan that has been thrown at you. best jogging stroller You know the plan I’m talking about; work for 40 years to retire on 50 % of what you can’t live on now (smile).
84% of New Businesses Today are Started By Baby Boomers
That stat is the result of a survey by a company called Guidant Financial, based in Bellevue, Washington. Their survey found that 84% of new business startups are by people between the ages of 40-60.
Now, granted those people don’t all fall in the baby boomer generation, but it’s pretty obvious that people are seeing the light and becoming much smarter in planning their futures.
Home Office Businesses vs Helping to Make Someone else Rich
There definitely was a time, which you already know when you could work for a company for 40 years or so and retire with a gold watch and a somewhat livable retirement. Those days are long gone for several reasons. People live much longer and companies can’t afford to support them for that long.
Companies and governments made retirement promises to people, to entice them to stay, that they found were just too expensive to live up to.
Realize also, if you’ve never thought about it, that a private company is owned by a person or persons and by working for them you are helping to make their dreams come true, to make them rich.
When you open your home office business, whether it’s a baby boomer business or not, you are entitled to tax benefits that wage earners are not. You don’t have to spend hundreds of thousands or even a million dollars to start your business. Those kinds of rates are related to buying a franchise. You can do that if you want to and you have the money but there are alternatives that cost much less.
How Much Money for A Home Office Business?
The kinds of business for baby boomers and anyone who is looking is the affiliate and network marketing business. As a baby boomer myself I chose to get involved in both.