Small Business Boomers

In case you haven’t heard, the first baby boomer is now eligible for Social Security. Kathleen Casey Kirshner turned 62 at one minute after midnight on January 1, 2008.
So what does this mean for the economy? The Wall Street Journal isn’t sure – is it a bad thing for all the boomers to take their pension money out of the stock market, or is it bad for these very productive people to be leaving the workforce?
At my husband’s very large company, there are many technical people who will be retiring over the next few years. They …read more

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Myth: Entrepreneurs are risk takers.
The Truth: The derivation of the word “entrepreneur” includes the concept of ‘risk-taking.’ And many people assume that entrepreneurs (small business owners) are risk-takers. Like the late Evil Knievel who cheated death many times before his recent (November 2007) death at age 69.
But look carefully at this assumption. What kind of risks does a new business owner take that the “average” person working for a company not take? Well, you could lose your company if you don’t do a good job of managing cash flow and getting in customers/clients. So, …read more

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