Reason of starting a business after 50s

You’re in your 50s+, and you’re thinking about starting a business. Are you crazy? No, you’re just passionate and good for you! There’s never been a better time to follow your dream, and there are several good answers to the question, “Why start a business in your 50s?”

Key Reasons For Starting A Business After 50

Being in your 50s is the indication that you have gathered enough knowledge and of course enough experience. Regardless of whether or not you have had an entrepreneurial life before, you’re likely to have enough familiarity with the market and the things that sell and retain in the market. So, obstructing yourself from starting a business at 50 just because you haven’t ever lived a life of an entrepreneur or you think it’s not your age to get started with is completely impractical.

For starting a business at 50, just ask yourself a few questions: Why should I start this business? Will it able to cater to my passion? What new thing can I introduce to take my business to the next level?Once you get answers to all these, you’re ready for starting a new business at 50.

Fifty Is The New Fabulous

Maybe you thought you’d be looking at retirement now, and that’s totally awesome if it’s part of the story you’re writing for yourself. But, if you’re looking at the fact that you feel pretty incredible these days, and you know you’ve still got lots of living and loving left to do…starting a new business is not such a crazy idea.

Think about it. Your kids are probably already out of the house and on their own. You may be tired of your current work track, or as is often the case these days—being pushed out for younger, less expensive options. You may no longer be married and taking in the same dual-income that you’ve been used to for a while, or you just may want to leave a legacy that you can feel good about when your days on this earth are done.

There are a million reasons why you’d start a business in your 50s, but the most important? Because you want to!

Also Read: Why a Vision Statement is Important for Your Business

Opportunity Is Knocking!

Why would you start a business in your 50s? How about because after a few decades (or so) of working for someone else, you realize all those great ideas you’ve had could serve YOU and YOUR business just as well! The best part of starting a business in your 50s is that you have years of experience, even if not in the workplace. You can use that experience to take new opportunities and make them into lifelong dreams. Starting a business in your 50s or beyond lets you take all the brilliance you have and repurpose it into opportunities you may never have dared dream before. Starting now means you have more sense of who you are, what you want, and who you want with you on the ride, and it’s never been a better time to seize the day and the opportunities in it!

Do It For Yourself

Speaking of purpose…starting a business in your 50s can be your biggest gift to yourself! You’ve most likely spent most of your life taking care of other people’s needs—your spouse/kids/family/colleagues—all competing for your attention and none leaving a lot of room for your to pursue your own purpose. It’s not that you haven’t loved the time you’ve put into others; it’s just that you’ve not had the time to put into yourself.

Now, starting a business of your own? You do! You’re investing in yourself with every business step you take. You’re connecting with passions and purpose you feel in your soul, and you’re able to put the time and effort you want into that passion and purpose to start a whole new, exciting story.

Also Read: When To Outsource In Your Business

New Business, New People

Starting a new business in your 50s or 60s can be great for you to keep your social networks strong. When we move into different seasons we can find ourselves alone more often, which is not always a terrible thing. That said, even if we’ve spent a big chunk of our lives in social constructs—swim team parents/church groups/band supporters, etc.—we may not have quite the social network we think we do.

When the swim meets are done and the band trips are over…the church groups dwindle because your friends move closer to their young adult children…you may find yourself wanting to fill your time with others who share your interests and passions. Always loved bird watching? A small, local shop where others with the same passion can gather, find products and information may be your new, immediate friend group. That’s the key—build your business on something you are passionate about and want to set as your purpose, and you’ll find new people with whom you’ll share those things too.

Starting A New Business Is Way Better Than Crossword Puzzles

The truth is that doing more with these unique days means you have more opportunity to be happier. When you’re building a new business, you’re out there in the day-to-day with new people, keeping your body and mind sharp and constantly working. You keep your brain and body agile by putting in that sweat equity a new business takes, but that means you get the adrenaline and excitement that comes with the business’s success too. Being in our 50s and 60s doesn’t mean it’s time for us to shrink into the world’s canvas. Take this time to continue to stand out and forge your own legacy!

Starting a business in your 50s may seem daunting, but remember how much more you know now than you did in your 20s! Take the dreams and life experiences you have had and make them work for you in this day and this age—and watch this next chapter unfold in amazing ways.

about

Karen Rae

I was becoming an empty nester, a woman of a more interesting age and in transition. Sound familiar? I was at that place where we question our purpose, value, and worth and what in the world are we going to do with the rest of our lives.

I noticed women have a huge hunger to belong to a community of women where they can feel safe, share openly from their heart and have other women to do life with! This is why I created my Fave Lifestyles.

Fave is for the woman who wants to call Fave her community of women who support, uplift, and make her feel better about herself. I want to create a place where we help her answer life's questions and just do life together!

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