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Welcome to the Senior Entrepreneur Resources Website PDF Print E-mail
Saturday, 07 July 2007 09:54

Welcome to the Senior Entrepreneur's Resources website.  Currently we are still under contstruction and adding content daily.  If you have any suggestions or ideas that you would like to see here, sent us a note and we will get it included.  Thanks for your patience and we hope to see you here often.

The Staff at SER

 

 

 

 

 

 

 

 

 

 

 

Last Updated on Tuesday, 17 December 2013 17:41
 
9 entrepreneur lessons not taught in the classroom PDF Print E-mail
Thursday, 08 August 2013 00:49

Entrepreneurship is all about leading – leading customers to a new product or service, leading a startup team to peak performance, and leading a new business to the market opportunity, while providing maximum return to stakeholders. Most entrepreneurs feel they have innate leadership talents, but struggle with how to nurture these abilities and measure their effectiveness.

Since I believe that a large part of leadership is personal confidence and initiative, I was drawn to a new leadership book by Robert S. Murray, “It’s Already Inside.” His focus and belief is that anyone can nurture their innate leadership abilities, to achieve business and life success. The key is learning from the life lessons of others, something you never get in classrooms.

He hits many of the key lessons that I have learned from my own experience, and feedback from great leaders, in both large businesses as well as startups. These include the following:

  1. Practicing authentic leadership versus fake leadership. Authenticity requires honesty, self awareness, and a selfless perspective. Authentic entrepreneurs lead through the power of personal influence, rather than coercion. Fakers rely on position, authority, and manipulation – leading to short-term gain and long-term loss.

  2. It all starts with a vision, but you have to execute. Vision provides direction so your startup won’t just flail about. As you communicate your vision to stakeholders, you will strengthen your own belief and get buy-in from them. But above all, leadership is defined by action. You have to execute to succeed, so trust yourself and start moving forward.

  3. The importance of critical thinking. Critical thinking is the ability to think clearly, rationally, reflectively, and independently. Critical thinking is not just accumulating information, and should not be confused with being critical of other people. Entrepreneurs need to practice critical thinking to be leaders, rather than following conventional wisdom.

  4. Leadership comes with building and nurturing the right team. Entrepreneurs not only have to pick the right team members, but have to continually communicate the vision, tasks required, and provide mentoring and feedback to each member. Don’t focus on the product, and assume the team will come along by osmosis.

  5. Pretend to be a customer or client of the business you lead. Successful entrepreneurs practice stepping back to look at their business the way customers see it for the first time. It obviously helps to ask new customers what they see. Then it takes humility to swallow your pride and your biases, and make improvements regularly.

Last Updated on Thursday, 08 August 2013 00:55
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Baby Boomers: America's Hottest Group Of New Entrepreneurs PDF Print E-mail
Thursday, 08 August 2013 00:12

Post written by Gene Zaino

Gene Zaino is CEO of MBO Partners.

 

Aging in America has changed – and I for one, think it’s for the better. We are living and working longer and feeling good while doing it. Was it Oprah who first said, “50 is the new 40?” I see it at MBO everyday as I watch expert professional Baby Boomers leave corporate full-time positions to become America’s hot new entrepreneurs.

Rather than taking a bow with traditional retirement, many boomers today are forging fulfilling encore careers with independent work. Today, there are five million boomer independents in the U.S. and it has never been easier for these senior professionals to design a second solo act. Facilitated by the rise of cloud and mobile computing and social networking, boomers are easily able to leverage their intellectual and social capital to start solo businesses and earn continued income and professional kudos.

According to The Boomer Report, a newly released phase of MBO Partners’ Independent Workforce Index, 59% of boomers chose to be independent and just 23% said job loss was a reason for selecting that path. The same report indicated that boomers enjoy independence because they like being challenged and motivated (61%), making an impact (56%) and being their own boss (60%). Further, for boomers, flexibility (79%) and doing what they like (77%) are more important than money.

Independent work can be a fulfilling way for boomers to leverage their seasoned careers, but the path is not without challenges. Below are three common pitfalls for those forging this brave new path to take into consideration:

  • Beware of the golden leash.

Boomer independents should beware of the” golden leash” that tethers them to a former employer potentially hindering their growth and earning potential. It is easy to remain in your comfort zone and do what you were doing with your previous employer as an independent. When you work as a consultant for a former employer, there is a tendency to base your pay on your work-place salary rather than the market value of services you provide. If your former salary is higher than market value, your contract may not last long. If you are paid below market value, you deprive yourself of getting a more optimum rate for your service. There is also the danger of falling into a rut and not building up your skills or your network. Both can severely limit your future opportunities and rob you of the joy of being constantly motivated and challenged.

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Baby Boomer: Before You Start A Business, Ask Yourself About Yourself PDF Print E-mail
Thursday, 08 August 2013 00:18

Baby Boomer: Before you start a business. Ask (yourself) about yourself!

Fri, Apr 16, 2010

I am a Baby Boomer, and businessperson dedicated to helping others  get quality dental care and preserve their savings by traveling to Panama (www,panamdentaltours.com).  As a a SCORE (Service Corps of Retired Executives) counselor, I volunteer to help people in small business to achieve their goals.

Entrepreneurs will find the following to be most useful:

Knowing yourself is the beginning of all wisdom.” Aristotle said this about 2,500 years ago and it seemed to work for his prized pupil, Alexander the Great.

More and more Baby Boomers are looking at starting their own business. Whether their motivation is to boost a flagging 401-K or to fulfill a lifetime dream, you need to know that a successful business is more than a good idea.

In my six years as, I have no clients whose ideas conquered the world…yet . Whatever the merits of the business, the “big idea” often has less bearing on future success than the personality of the person starting the business. Like the stars that guided the ships of Ancient Athens, there are 10 personal questions the would be entrepreneur should ask him or herself before launching their business. Knowing yourself will help you rise above the competition.

 

1. Can you afford financial risk?

Because: Many new ventures do not succeed, and you may lose much of whatever money you have.  This may affect your financial goals, such as children’s college expenses, or retirement savings.

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Ten Fun and Affordable Ways to Entertain Clients PDF Print E-mail
Wednesday, 07 August 2013 23:34

Ten Fun And Affordable Ways To Entertain Clients

 

Let’s be honest: A lot of companies don’t have an obvious edge on their competitors. If the proprietors are lucky, customers might keep coming back out of force of habit. Whole industries (think commercial banking) are based on that kind of zombie behavior.

That’s why success often falls squarely in the hands of silver-tongued salespeople–and they need all the help they can get. Once-fat entertainment budgets have gone on a diet, and many small businesses never had much to play with in the first place.

Plenty of business is still won on the links. But then not everyone plays golf. If a tee time is your only weapon when it comes to entertaining clients, you’re not thinking creatively enough

Last Updated on Wednesday, 07 August 2013 23:58
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