Manchester (PRWEB UK) 28 June 2013
Business owners should not be afraid of wanting to work within their business, rather than 'on' it, Quentin Pain has said in the second part of his guide to running a business for the over 50s.
He says that while business development is important, there's no reason why the owner has to do it exclusively.
Pain said: "I have heard many people say you may as well just get a job if you only intend to work ‘in’ the business – I disagree.
"If that’s what you love, why not go for it? Just be aware that someone, somewhere will have to work ‘on’ it for you.
"Pick someone you completely trust (obviously!) but make sure you retain control of the business. If that is too much to ask, keep the business small."
The article also gives a variety of other pieces of advice for those looking to start their own business.
He discusses the planning process in detail, and explains how to create working procedures. He also emphasises the importance of having a strong mission to drive the business forward.
He said: "The mission for your business may be to spread its message globally, change the world, and make a profit. The mission for your product may be to make it the best it can be.
"It may simply be to work less, earn more and take more holidays (although that may not be a strong enough mission!).
"Using your dream as inspiration, you need to think carefully about the direction you want everything to head in."
The full article can be viewed here: http://www.findtheedge.co.uk/startup/over-fifty/over-50-and-starting-a-business-the-secrets-to-success-part-2.
Quentin Pain has been starting and running businesses for 33 years, and is a firm believer that experience is a real asset when looking to start a new business. More information about him can be found here: http://www.findtheedge.co.uk/expert-panelist/quentin-pain.
Kenny Goodman, founder of Find the Edge, said: "Age is no barrier when it comes to running a business, and having experience can make a huge difference.
"Quentin's article gives a great overview for anyone interested in taking the plunge."
Find the Edge is a business website that features news, insight and articles aimed at business leaders.