Consulting can be a good choice for the “over 50” worker who has a desire to join the ranks of entrepreneurs. Start-up costs are low, much of the work can be done from anywhere there’s a computer and an internet connection, and a solid client base can grow from the business and personal networks developed over many years.
Caron Beesley, a contributor to the Small Business Administration (SBA) website, discusses the essential steps in getting started. As with other new ventures, up-front planning is important and should cover such areas as writing a business plan and securing the necessary licenses or permits. Selection of a business structure is also critical, as this has important tax and legal implications. Beesley goes on to discuss financing, marketing, setting prices and more.
Read the full article here to find out more about all eight steps, and be sure to follow the links contained within the article to learn more about the various SBA resources for entrepreneurs.