Want to be your own boss?

Posted on 04/15/2014 by | AARP South Dakota | Comments

iStock_000026784624_atakan_cmcleer_499000_resizeApril is Encore Entrepreneur Mentor Month!  Mentor Month is part of an effort by the Small Business Administration (SBA) and AARP to provide a range of resources this year to thousands of entrepreneurs and small business owners over the age of 50.

Saturday, April 26TH  The Sioux Falls SCORE Chapter will be conducting a workshop, “Starting Your Own Business:  Practical Advice from SCORE”, Saturday, April 26, 2014, 8:00 a.m. to 4:00 p.m., at the South Dakota Technology Business Center (I-29 at Russell St. – Exit 81 on the campus of Southeast Tech) in Sioux Falls.

This workshop will cover the areas of cash flow, financial projections, business organizational structure, marketing, basic business plans, and what a banker looks for in a business plan, as well as IRS tax advice for small business.  SCORE and guest speakers will discuss what services are available from SCORE, Small Business Development Center (SBDC), Small Business Administration (SBA), and the Governor’s Office of Economic Development.  There will also be a roundtable discussion by local business owners who will share their experiences.

Fee for the workshop is $45 for self ($40.00 if paid one week in advance), $25 for each additional associate and $20 for students.  This cost includes lunch and materials.  Attendees are asked to pre-register, and register early as space is limited.  For more information, call 330-4243, ext. 0.

According to a recent AARP survey, “Staying Ahead of the Curve 2013:  AARP Multicultural Work and Career Study,” 15 percent of workers 45-74 are self-employed.  Additionally, 13 percent of those who are current wage and salary workers say they plan to start a business once they retire.  Small business ownership is a good option for many baby boomers.  Small business owners who get long-term counseling may see bigger sales, hire more workers, and their businesses have more longevity.

Many older Americans pursue entrepreneurship as a way to generate income and strengthen financial security. For others it is also a way to turn a hobby or passion into a paycheck.

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AARP and SBA are also producing 10 webinars this year as part of an encore webinar series, with two of them being held in April.  Register, or get more information here.