subject: Becoming Self Employment After You Retire [print this page] Lets face it, self employment requires a bit of courage, a great deal of self dicapline, and a lot of hard work. Unless you are up to the task, you might want to reconsider. If you decide to go forward with this idea though, you will need to have the resources set aside for you to keep going until your new venture starts generating revenue.
I can speak about this from experience since I started a business over 25 years ago manufacturing electrical equipment. I was very successful and not at all intimidated in this venture since I had been managing the same kind of business for someone else for the previous 20 years, so there was no doubt in my mind that I would not be successful.
Shortly after I started I had quite a few employees and several large contracts and things were moving right along, however, cash flow is always a concern. One of the many contracts we were working on was for over a million dollars, it was with one of the five largest electrical companies in the U.S., but this company who we will leave nameless was famous for waiting 120 days after the product is delivered to pay the bill.
This is just one instance of the obstacles you may encounter in obtaining large contracts. One way to offset this is try to negociate progress payments written into the larger contracts. This will help to keep you out of cash flow difficulties. Needless to say, I made a ton of money for the 6 years I owned that business, and every since I sold it, I have wanted to have my own business again. I retired a few months ago though,and started looking on the internet for something to do to fill my idle time.
After getting stung with several different scams I tried during my searching, I finally came across The Wealthy Affiliate University. It has been six months since I signed up with WA and it has been a very worth while experience. If you are at all interested in pursuing self employment, you owe it to yourself to check out Wealthy Affiliate. After logging in for the first time to WA, I was convinced that the price I paid for membership was far less than the actual value of the service the Wealthy Affiliate University had to offer.
This place was unreal. I almost thought I was dreaming. It included more things than any $2,000 training course could ever attempt to offer. It included tools that people are paying $100/month for alone. These included keyword tools, a website building tool, a Clickbank tool, and a content development tool. It included services I had been used to paying for like web hosting. And it included something I had never been exposed to which was personal support from the actual owners themselves. Click here to find out more about WA: http://www.wealthyaffiliate.com?a_aid=43f6c4ca
So, if you are considering self employment, this is a good place to start. on my website you can sign up for a FREE 10 lesson course cal the "Mad Marketer". This course will walk you through what is involved in internet marketing and show you how to make money online. It will teach you how to start writing and submitting articles and how to start marketing products online using Clickbank. This will give you some idea about internet marketing and let you start earning revenue, and it's all FREE. Give it a try, I did, and I have seen my internet business skyrocket since joining Wealthy Affiliate.
