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Small Business Boomers

Archive for July 2008

July 27th, 2008

Free teleseminar from Bill Losey

As part of National Retirement Planning Month, Bill Losey has put together several teleseminars.  The last one is next Wednesday.  Here are the details:
Wed., July 30th @12pm EST, 9am PST - The Joy of Not Working
 w/Best-Selling Author Ernie Zelinski
CALL-IN NUMBER & ACCESS CODES ARE THE SAME FOR ALL EVENTS. NO RESERVATIONS ARE REQUIRED.
Call-In Number: 1-605-475-4150
Access […]

By Jean -- 0 comments

July 26th, 2008

Boomers can Estimate Social Security Benefits Online

The Social Security Administration now has an online calculator you can use to estimate your Social Security benefits.  Maybe it’s one of those things you really don’t want to know, but it’s available anyway.
My husband and I have been getting those forms every year (my daughter, who is not yet 30, is also getting one!) […]

By Jean -- 0 comments

July 25th, 2008

Newest scam - I want to buy your product

I’ve heard about this scam, and I just received one today.  Here is the text of the email:
AM MR SCOTT SMITH
I WILL LIKE TO MAKE AND ORDER FOR SOME ITEM IN YOUR STORE SO I WANT TO KNOW THE TOTAL COST OF THE ORDER PLUS SHIPPING COST TO NIGERIA.VIA FEDEX EXPRESS 3 TO 5 DAYS […]

By Jean -- 0 comments

July 25th, 2008

Selling your boomer business: What’s it worth?

I have seen this over and over as I help young professionals buy practices:  The owner of the practice (often a baby boomer) invariably overvalues the practice.
Here is the scenario:  You have worked hard to build up your business over 20- to 30-years, in order to leave it to your children (who it turns out […]

By Jean -- 0 comments

July 25th, 2008

“The Last Lecture” Professor Randy Pausch Dies

Baby boomer Randy Pausch was a computer science professor at Carnegie-Mellon University. Last September he gave a lecture at Carnegie-Mellon as part of a series titled “The Last Lecture.” Today he died in Virginia, at the age of 47.
As he started the lecture he announced that he was dying of […]

By Jean -- 0 comments

July 24th, 2008

Market cycle, revisited, or “it’s just another recession…”

As I wrote a week ago, we’re in the down swing of a market cycle.  Miranda Marquit, over at Yielding Wealth, wrote about this same issue, and she included a list of the recessions we have experienced over the past few 80 years, staring with the “Great Depression.”
If you want a dramatic visual representation, check […]

By Jean -- 0 comments

July 24th, 2008

Boomers considering part-time “bizopps” should beware… of RedBull

Sean Kelly over at Franchise Pick suggested that you might be interested in what he found out about a new “business opportunity” - RedBull vending machines.  It sounds like a great opportunity for a baby boomer who is retired or semi-retired, and who has time to install/maintain/fill vending machines. While these kinds of businesses are […]

By Jean -- 0 comments

July 24th, 2008

Contest! Books for Baby Boomer Business Owners

What books would YOU recommend for a baby boomer starting a business? Give me your book selection and enter a contest to win a business book.

I have been asked to put together a list of books that I would recommend to people who are starting new business.  This is a fun job for me, since […]

By Jean -- 20 comments

July 23rd, 2008

7 Ways to Keep Employees on the Payroll

In tough times, it’s sometimes necessary to let employees go (nice way of saying you’re laying them off).  However you say it, it’s not a pleasant task, for either of you. But sometimes there are ways to keep employees on the payroll.  Here are some suggestions:
1.  Reduce Hours.  This is the easiest one, for you.  […]

By Jean -- 0 comments

July 23rd, 2008

Who are Fannie Mae and Freddie Mac, and why do their problems matter to your small business?

Fannie Mae, the nickname of the Federal National Mortgage Association,and Freddie Mac,  the Federal Home Loan Mortgage Association, are in trouble because of the subprime mortgage crisis.  Last week the Federal Reserve announced that it would loan these entities money, if necessary.  The press release explained their action:
This authorization is intended to supplement the Treasury’s […]

By Jean -- 0 comments