5 Must-Know Resources for Seniors Starting a Home Business
Now is a great time to launch a home-based business if you’re a senior looking to make some extra money in a post-retirement career. If you’ve never run your own business before, it can be both exciting and intimidating with all the unknowns ahead of you.
The good news is that you are not alone, and there are a host of valuable resources out there that will point you in the right direction and keep you going when the going gets tough. Here are five must-know resources recommended by Accounting Accidentally to take advantage of as you prepare for launch day.
- LLC Formation Services
Choosing to make your new business a limited liability company has several important advantages, like protecting your personal assets from creditors if your business ever gets sued and avoiding double-taxation when you pay yourself from your business income.
It’s fairly easy to file the paperwork and get the process done when you enlist an online formation service, plus you’ll save a considerable amount of money. It helps to know what steps are involved with a Missouri LLC registration since each state has its own set of regulations for LLC formation.
Consult with a CPA and an attorney on these issues.
- Small Business Association
SBA.gov should be a go-to resource for every startup and small business. The association offers a wide variety of educational and training programs that are especially helpful for new business owners, and it also helps connect you with mentors and other professionals who can guide you through those challenging early days.
Perhaps most importantly, the SBA directs you to the right banks and other programs that provide small business loans and grants.
Have a question about personal finance or entrepreneurship? Join the Ask Me Anything live chats on Conference Room.
- Networking Groups
Joining a networking group through your local chamber of commerce or an organization such as BNI is a great way to give and get business referrals and develop relationships with other professionals in your area. You’ll be surprised by the amount of support, encouragement, and helpful advice you will receive within the group.
- Google My Business
Creating an account for your business on Google is a great way to let your business presence be known for anyone looking for the product or service you offer. It’s easy to set up an account; all you need to do is fill in the information the form asks for and upload your logo and photos, and your home-based business is good to go!
It won’t take long at all to get noticed if you include all the right elements — you can read more about the process and recommendations on its site.
- Podcasts
Though it may be surprising if you’re new to the podcast world, podcasts are an excellent source of information, inspiration, and encouragement. They can even point you to other helpful resources. Since they’re strictly audio, you can listen while you’re doing something else and learn while you tackle household chores, yard work, driving, or just taking a well-earned break.
As with your new home-based business, this list is only the tip of the iceberg, but it will get you started on your way. Remember to occasionally ask your friends, family, and local professionals for their favorite business resources that will support you and your business.
Looking to get a handle on accounting and finances? Look to Accounting Accidentally for useful content, live courses, and free downloads.
Guest Post by:
Chelsea Lamb
info@businesspop.net