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Nov 28, 2004
What It Takes To Start An Offline Business In Retirement
It’s a big decision to opt for an offline business as the route to a profitable retirement pursuit and it’s one that you should not make rashly. (Inspirational)

It’s a big decision to opt for an offline business as the route to a profitable retirement pursuit and it’s one that you should not make rashly.

For a start, would you be fit for it? It will take up a huge chunk of your time (perhaps take over your life for a while at the outset) cutting severely into other retirement interests.

Would you have the finances for it? Might you find it stressful dealing face to face (perhaps for the first time in your life) with your prospective clientele? Perhaps most importantly, are you willing to learn?

Chapter 3 of ‘How to Turn a Buck in the Third Age’ poses the crucial questions that need answers before pursuing the offline route.

1. Determining the strength of your commitment
2. Making decisions that affect your future
3. Planning ahead to cope in all kinds of weather
4. Developing sound interpersonal skills
5. How to handle setbacks along the way
6. Coming to terms with the financial side of matters
7. Capitalizing on major change
8. Capitalizing on special skills
9. Where to look for help on initial planning
10. How to find and evaluate ideas
11. How to evaluate a specific business you have in mind
12. How to fine tune the selection process
13. Why you must test market when you settle on an idea
14. How research irons out the wrinkles
15. The nuts and bolts of running an offline business
16. How to create your business plan
17. Deciding your business status
18. What to consider when choosing a trading name
19. Financing an offline business
20. Why finding the right location is vital
21. Getting organized at the outset
22. Allowing for accounting, cash flow and taxation
23. Learning how to market the enterprise
24. Acquiring commercial skills online
25. Adding to your skills offline
26. Crucial questions to ask your professional advisers

Why Online Is The Faster, Easier, Less Stressful Route

When you adopt the online route to pursue profitable activity in retirement you eliminate the bulk of the hassles connected with setting up an offline business.

Even so, you will still require to embark on a prescribed learning curve (and that’s what the next 27 chapters in How to Turn a Buck in the Third Age are all about) but it’s a lot more fun.

All things considered, online is the faster, easier, less stressful route to take for retirees who wish to add to their basic income.

Your virtual store can be any size you like – as big as the biggest mall in New York City – and there is no limit on the amount of products you can offer: the range can be infinite.

1. How to trim start up costs to the bare minimum
2. Setting working hours to suit your new lifestyle
3. How your website can take orders while you sleep
4. Why there’s 365 day non-stop trading in cyberspace
5. How your local store does business internationally
6. How you’ll compete with the moguls on equal terms
7. Why automatic ordering eases the strain
8. Why automatic processing gets the cash in fast
9. How delivering produce instantly creates goodwill
10. Why customer satisfaction means more sales
11. Why virtual customer interfacing reduces stress
12. Six ways you’ll save on operating costs
13. How to create passive income online

Jim Green is an active retiree and the author of the bestseller ‘Your Retirement Masterplan’ (How To Books ISBN1857039874). His new tutorial ‘How to Turn a Buck in the Third Age’ is available for immediate download at
http://www.retirement-moneymakers.com

Contributed by:
JIM GREEN
©2004 Jim Green
Website: Writing for Profit