Dianacional Business Blog: March 2017

Thursday, March 30, 2017

10 Reasons It's Never Too Late to Start a Small Business

It seems that it is often young entrepreneurs who make the headlines and receive most of the recognition for their accomplishments. Think of Mark Zuckerberg (Facebook), Matt Mullenweg (WordPress) and Pete Cashmore (Mashable) — all in their early 20s, and high up on the list of successful entrepreneurs. But the age of the founder is not the primary factor that determines whether or not a business will be successful.

These six successful entrepreneurs, with ages ranging from 40s to 60s, show that the success of a business is not directly related to the age of its founder.

In fact, there is an argument that those who start businesses later in life have a better chance of reaching success: Studies have shown that if you're over 55 years old, you are twice as likely as your counterparts who are under 35 to launch a high-growth startup. Not convinced? Here are 10 reasons you would make a better entrepreneur now than you would have when you were younger.

4 Small Businesses You Can Start for Under $100

1. After-School Tutor - Tutors are needed provide educational assistance in just about every subject area for students of many ages. The key to starting a tutoring business with little investment is starting with one or two students and asking them to refer you to others.
2. Garage Sale Consultant - It takes a lot of work to have a garage sale and you don't always get the results you want. Many people are willing to pay for the assistance of a seasoned garage sales expert to help with pricing, displaying merchandise and negotiating with buyers. If you have these skills, a business as a garage sale consultant may be a great fit.
3. Handyman - Many people need repairs and other small projects completed around the house that don't warrant the help of a professional contractor. If these homeowners don't have the skills or the desire to do the work themselves they look to hiring a handyman. If you are often called Mr. or Ms. Fix It, starting a business as a handyman can provide you with a great low-investment business opportunity.The biggest cost for this business idea will be liability insurance.
4. Personal Concierge - A personal concierge handles your errands, manages your schedule, takes your dog to the vet and helps to plan your travel itinerary for your next vacation. Starting a personal concierge business can be a great small business idea for anyone who enjoys assisting others, has a flexible schedule and thrives on variety.