Ep 0069 Creating a Life of Abundance and Freedom Through Entrepreneurship with Jeff Williams of BizStarters

Creating a Life of Abundance and Freedom Through Entrepreneurship

Money Learnings: Jeff’s dad taught him about earning and spending as he was growing up. His dad was very entrepreneurial and would share his ideas with Jeff. Jeff started mowing lawns at a very early age and was very successful.

Take away: Possibility is everywhere.

Action step: Have a conversation about what you want to do next with your life.

Jeff Williams is CEO and Chief Coach for Bizstarters.com, a Chicago-based business startup coaching company that has specialized in guiding clients over age 50 since 1993. Jeff publishes the popular “Business Startup for Boomers” podcast series and is frequently quoted on the topic of boomer entrepreneurship on business websites such as forbes.com, entrepreneur.com and nextavenue.org.

Highlights from this episode:

Jeff became an adult entrepreneur at 40.
He helps boomers start new businesses.
What are realistic earnings for creating a lifestyle business?
What’s so special about wanting to start a business at age 55
Without a pension people have to rely on their own savings to fund retirement.they are concerned about their ability to do that.
Jeff helps people launch business for under $10,000 upfront and a few hundred dollar a month.
The biggest fear people face when starting a business .
What’s an MVP? (Minimum Viable Product)
Most people use their knowledge from their current job and industry to start their business, here is why.
Most people are missing this one skill.
Why we under value the skills we have.
Too often when we are good at something at work we get niched into a position they decide they want you in.
What are the principles behind a good business idea.
It takes time to build a business.
How to scale a business
How you can make the choices you want to.
The value of creating a life plan.
More than 85% of millionaires are entrepreneurial.
The power of relationships.
Learn how to do a task and then outsource the task.
Why we don’t need to do everything ourselves.
How to learn from the mistakes of others instead of paying the price yourself.
What are the time wasters that seem important?
How has sales changed over the years?
Many 55 year old corporate managers are not happy with their job and we explore why.
How to turn what you love to do into a business.
And much more…