Reply to What new Career or Pivot did you start in your 40s?

Forum Index » Jobs and Careers

Reply to "What new Career or Pivot did you start in your 40s?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I started my own business at age 50.  Probably should have stayed at my day job, though.  It was easier and paid more.[/quote]

considering doing this, can ou share more about your experience?[/quote]

Sure.  It took 3 years of many 16 hour days to make a profit, and a small one at that.  I'm exhausted and burned out, and being my own boss is not even a tiny bit fun anymore. Getting noticed and getting business and ranking on Google was the easy part.  My product is great and sells itself, and I'm at good at selling anyway, and marketing, and pretty much anything creative.  The hard part is the finance and organization part.  I just really have no idea what I'm doing and can't figure out how people make a living doing this (but they do).  I have a whole bunch of degrees and credentials and thought I'd be able to learn it because I'm so smart and all, but I'm failing and maybe not that smart and now wish I'd just gotten a regular job with actual benefits and guaranteed pay.  Unless you are in an industry with really high profit margins and have a ton of money and business experience, I can't really recommend this route.[/quote]

Did you network with other business owners before starting this business? [/quote]

Sure.  But even now, when I know just about everyone in the business, most people won't talk about money.  Product, advertising, sure, but few people will tell you honestly what the state of their finances is.  Those that I have talked about it with have the same issues that I have.  There are a couple of very large companies making decent money, but their business model is different in the same way that Walmart is different from your local organic grocer.  I'm not sure, but I think being so small might be the real problem.  But expansion would mean borrowing money, and since I feel like it would be kind of a shot in the dark, I'm not willing to do it.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics