The power of being an Entrepreneurial Boomer Online.

Here are some simple business facts:

* Small businesses make up 99% off all employer firms in the country.

* Small businesses employ more than 56 Million people in he U.S.

* Home-based enterprises represent 53% of all small businesses

Harnessing the power of your experience, with decades of work behind you, today’s retirees have the skills and knowledge to start businesses on their own terms.

Here are a few tips, ideas and tools that I have learned from my business partners that will help you in getting your online-business started.

1.) Don’t crack open that retirement nest egg; Resist the temptation to cash out some of your retirement money to fund your new business venture.

Instead think about asking a family members, friends, or find an angel investors to assist you in your new business venture.

2.) Consider SBA Loans; The Small Business Administration will help new businesses get up and running.  Some of the loans can be used to finance your fixed assets for example business conferences, training materials, and computers.

Having a lower down payment and longer terms than a conventional loan means lower monthly payments.

3.) Knowledge Gaps, Entrepreneurial Boomers over the age of fifty have plenty of experience and confidence, but everyone has some gaps in knowledge.

Find a business that has a solid business plan, a plan that anyone can follow without having to have special skills.

Make sure the business allows you to leverage your time and profits in a 24 hour time period.  No one wants to put in 12 to 14 hour days getting a business up and running from home.  Your business should be able to run with as little as 3 to 4 hours 4 to 5 days a week of income producing activities.

In the age of the internet and business 2.0 your business can be open 24 hours per day world wide without any limitations.  Harnessing the power of such internet tools as Google, MSN, & Yahoo.

By going out and finding an online business that allows you to leverage your time and your profit along with a world wide audience could possible pay you tenfold in time freedom, monthly income, freedom of lifestyle.

These are just some tips, tools and ideas for that entrepreneurial boomer who is not ready to retire.  One of the fastest growing groups of self-employed workers are those between the ages of 55 to 64.

If you have any questions or want you know more, please feel free to contact me.

In your service.

Tillman