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Small Business Boomers

Archive for March 2008

March 16th, 2008

The Fed and Boomers in Small Businesses

Sorry for the sports analogy, but it fits.  It’s never good to see a football coach get away from his game plan in the middle of the game.  Adjustments to a game plan at half-time are fine.  Making significant changes to a plan regardless of circumstances leaves the people in the stands wondering if the coaching staff […]

By jim -- 0 comments

March 15th, 2008

Baby Boomers - the most researched generation

A new book (2007) on Baby Boomers titled Generation Ageless is full of interesting information about our generation, including the fact that we are the subject of more research than any other generation in history.  The book was written by J. Walter Smith, president of Yankelovich, and Yankelovich senior partner Ann Clurman, and we’re reminded […]

By Jean -- 2 comments

March 14th, 2008

Speaking of oxymorons, how about “U.S. healthcare leadership”?

Miki Saxon over at Leadership Turn has a great series on the current situation in U.S. healthcare, with several posts on “U.S. healthcare leadership - an oxymoron.” 
Since we Baby Boomers certainly have a vested interest in this subject, get over to Miki’s site and let her know what you think.
I’m still in the process of […]

By Jean -- 1 comment

March 12th, 2008

What happened to Bill Gates? And Who is “Slim” Helu?

B5media has a new business humor blog, BizLevity (does “business humor” sound like an oxymoron to you?), and they recently reported that Bill Gates has slipped in the ranking for wealthiest man in the world. Apparently his stock portfolio has taken a hit on the Yahoo bid news, leaving Warren Buffet (my hero) at […]

By Jean -- 0 comments

March 12th, 2008

Sounds like a good idea. Hope it works.

Yesterday several key central banks, including the US, put forth a plan to give bankers confidence in each other.  If it works, the plan will allow the central banks to turn straw into gold.  If not, it will be just another fairy tale for which local tax payers will have to shell out.
Basically, the financial systems of […]

By jim -- 0 comments

March 11th, 2008

Sub-prime fallout shelter: Some advice from Accounting$olver

Jim has been talking a lot in previous blogs about the sub-prime lending crisis and what you can learn from it.  And many people, baby boomers included, are in difficult positions.  Ren Garcia over at Accounting$olver has a recent series of blogs on this subject, each with advice on how “fall out shelters” against this […]

By Jean -- 1 comment

March 11th, 2008

Why do you want to run your own small business?

This is a multiple answer question.  I’ve always thought it was a 2 answer question, but I’m open to the idea that there can be more. 
One of the primary answers better not be because I need the money.   Money does not come quick or easy running your own business.  Over night success takes 3 to 5 years of 60 […]

By jim -- 1 comment

March 10th, 2008

Small Business “retirement” idea - Home Typing Service

Mary Emma Allen, over at Home Biz Notes, recently answered a reader’s question about starting a home typing business. I’m assuming the question was about word process on computers, not typewriters. Reminds me of the old Selectric typewriters with the balls you could replace for different fonts…. Back in the 80s, when […]

By Jean -- 2 comments

March 8th, 2008

Procrastination in Retirement - When will you retire?

Some older workers never retire.  In fact, according to the Toronto Financial Post, 17% of boomers continue to work indefinitely, not just for the money but for personal satisfaction.
The trade-off is that you aren’t taking Social Security, which means that you can take more out later (if you live long enough).  Postponing your retirement (not […]

By Jean -- 4 comments

March 8th, 2008

The R word and what it means in small business.

Well, if it isn’t a recession, it sure looks and smells like one.  Many people of retirement age or near retirement age who have been looking for work have been moved to the sidelines.  Easy credit is getting dry.  Not the conventional time to start a new business.  At least not the conventional time to […]

By jim -- 0 comments