If you’re 60 years old and just starting a business of your own, this is not the time for you to settle for second best. First, it is not good for your psyche and second, it is not good for your business.
In this 12 Most Overlooked Essential First Steps For Starting A Business blog post, the first and last steps are all about you.
The number 1 question is: Ask yourself, “What do I want out of life?”
And the 12th and final “most overlooked essential” question is: Remind yourself, “Why you are starting this business and what it’s supposed to do for you?”
You’ve lived and worked a lot of years. Now you’re free to choose what you want to do for the next 20-30 years. Don’t blow the opportunity. Stay focused and don’t compromise.
Business News Daily had an article, Innovation Begins at Home for Entrepreneurs, that notes one of the best ways to test your entrepreneurial mettle and staying power is to build on something that works for you. It cites a study, released by the Ewing Marion Kauffman Foundation, a nonprofit group that focuses on entrepreneurship and innovation, which found, “Nearly half of innovative startups are founded by user entrepreneurs. These are firms created by entrepreneurs who developed innovative products or services for their own use and then went on to found firms to commercialize them. They leave an outsize mark on the economy; even though they create only 10.7 percent of startups overall, they account for more than 46 percent of innovative startups that have lasted five years or more.
For more about the you in entrepreneurship, don’t miss this new book The Big Enough Company by Adelaide Lancaster and Amy Abrams. They explore how to grow your enterprise in a way that sustains your own personal goals and needs, not someone else’s standards. Drawing on the true stories of nearly 100 entrepreneurs, as well as their own experiences, the authors guide readers through the best principles that really matter when you work for yourself. This book empowers entrepreneurs to ignore popular “wisdom” and peer pressure to take charge of their businesses in a way that will help them succeed on their own terms.
Never Lose Sight of the You in “Starting Your Own Business!”