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To: MEGoody
I've thought of starting my own business. I don't have capital to invest in starting a business unless I empty my retirement accounts - and I won't do that. That means that, at the age of 56 (or 57 or whenever I get laid off), I'd be trying to get a loan for a risky enterprise.

Start the business RIGHT NOW on the side, and have it growing by Axe Time. ("Castle Early in the Game.") I did that before Going Away at 62- Department closing.

Self-financed, no long term debt. It has ups and downs, but I'm doing OK. Working for a real @sshole, though-as always, long hours, and crummy benefits.

My wife told me she had never seen me this happy. Tired, look like crap, but smiling every time I look at the traffic report at commute time.

47 posted on 09/20/2010 9:54:23 AM PDT by Gorzaloon (CNN:AP:etc:Today, President Obama's stool was firm and well-formed. One end was slightly pointed. ")
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To: Gorzaloon
Start the business RIGHT NOW on the side

I'd have some tough thinking to do. What business do I get into? What "life" things do I give up in order to have the time required to run a business on the side? How do I handle customer needs that come up while I am working my regular job? I'm not good at sales and marketing, so how do I manage getting help with those things? So far, I haven't been able to solve those problems.

Self-financed, no long term debt.

Except for my emergency fund and my retirement funds, I don't have ready cash. I'm not willing to empty either fund to risk it all starting a business. Unless I can find something I want to do that doesn't require much initial investment (and I haven't found anything yet), I'd have to get a loan.

63 posted on 09/20/2010 11:32:10 AM PDT by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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