News and links from Ageless Startup


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The 3-Step Startup Journey

Entrepreneur.

Rick Terrien. March 12, 2020,

Starting a business isn’t a singular event, but a journey with three important phases: permission, planning, and practice.

... you must plan strategies and business processes that make you increasingly proficient in the professional practice you’re creating. It’s vital that you learn and improve with every transaction. Building a successful practice means establishing a professional business model as well as a subject expertise.

You can enter any part of our economy at a small scale that matches your goals and aspirations. But it’s crucial to build a professional practice and personally grow in professionalism as you develop your business model. Treat your business like the professional practice it is right from the start.


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Ageless Startup released this week!


The writing began 15 years. In a cheap hotel in Dubuque, Iowa. The hotel was near a John Deere plant where I was installing one of our fluid treatment systems.


I had heard about blogs, but didn't know how to do it. I wrote the first post out in my notebook at the hotel. I saved that page for a long time. It was all schmeered up with oil from the work and blood from busted knuckles.

It's a real thrill to see Ageless Startup emerge as a book!


VISIT THE BOOK ORDER PAGE HERE


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The 2 Systems You Need To Set Up for Startup Success

April 16, 2020, Entrepreneur.

Rick Terrien, VIP Contributor

One involves people; the other, finances. But both are essential to run your business effectively.

No one can start a business with absolutely no help. Whether you’ve incorporated your own team from the outset, or you simply need the right advisors to help you launch, you need to know the ins and outs of building a truly supportive team.


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Podcast interview - EntreEd - The National Consortium for Entrepreneurship Education.

March 19, 2020

EntreEd. The National Consortium for Entrepreneurship Education

The gift of uncertainty...

"That's the best closing line ever."


LISTEN TO FULL PODCAST


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Laying the Groundwork For Your Ageless Startup

April 9, 2020, Entrepreneur

Rick Terrien, VIP Contributor

Find out what first steps you need to take to maximize potential.

Most startups take far longer to get underway than people think. This is especially true for small, self-funded startups. That isn’t a bad thing; it’s just what it is. What this should be saying to you is to start your own small business as soon as possible because it’ll take longer than you think to get it going. Start it while you have a day job. Start it in your spare time. It won’t be easy, but the time is there. Find what time you can, and put it to work.

So, start now. Start slow. Take some time to think about it and explore the possibilities. Following are the first two things you’ll need to do to launch a slow startup to make it sustainable for the long term.


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Starting a Business That People Need

April 2, 2020, Entrepreneur

Rick Terrien, VIP Contributor

Businesses succeed by solving real problems. Here's how to determine what problems you can solve to make your new business a success.

All businesses succeed by solving real problems. But most people have no idea where to start. How do you pick the products or services you’ll turn into your problem-solving enterprises?

Here’s an idea I can roughly guarantee: Look at the work you’ve done in the past. Where were the choke points? What were problems people avoided because of the work you did?

No matter how you spent the first part of your life and career, you’ve learned to be good at something. It can be anything from gardening in small spaces to designing fire safety systems. We all have a specialty. This doesn’t mean you have to be the world’s authority on a subject; it just means you can talk competently about solving problems in that niche of the world.

You can make a nice, sustainable national enterprise out of that solution. Maybe not by next week, but it’s doable in the next few months and years if you’re smart and careful.

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26 Questions to Help You Decide if a Late-in Life Business Is Right for You

March 26, 2020, Entrepreneur

Rick Terrien, VIP Contributor

"Instead of just asking "Why me?" ask yourself these questions to determine if becoming an entrepreneur after you retire from your job is a smart move for you."

How do you know if starting a business is the right path for you? And how do you know when the time is right to lay the groundwork for the next chapter of your work life? If your answer is that you’ll figure it out when you get there, then you’d better start figuring it out soon. Creating new income streams with a new enterprise is entirely possible, but it takes time and resources. It’s always best to start small, start slow and start smart—with some self-assessment.

When you ask yourself some simple questions about where you’ll be working at 60 or 65, don’t see work as a burden to live through. See it as a path to liberation in the later years of your life. Ask yourself…. these 26 questions (link below)….

Older entrepreneurs can create significant value for themselves and their communities by focusing on the life skills and traits that got them here: common sense, tenacity and a strong ethic of helping. You can apply your extensive knowledge of what doesn’t work to bypass entrepreneurial roadblocks. You have the time and resiliency to launch new businesses that may be slow to grow but rich in benefits. You don’t need immediate returns as many investor-backed startups led by younger thrill-seekers do. You possess the self-discipline needed to see tasks through to fruition. By this time in your life, you’ve likely figured out what you’re truly passionate about and can build new enterprises to serve those goals.

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Running a New Organization? Take it Slow

March 20, 2020. Associations Now.

Michale Hickey

Why rapid growth isn’t necessary for success.

So you’ve launched your own organization and you’re looking to grow. There’s no need to rush, suggests author Rick Terrien in Entrepreneur. While you may be itching to expand your operations, the smarter startup path might be the slow startup.

“Slow startups are new organizations that are typically self-funded that don’t need to meet rapid financial goals. They’re enterprises designed [for] their founders’ personal goals and aspirations for success,” Terrien says. “These organizations benefit the greater goals of the communities they serve as well as the goals of the entrepreneur in several ways.”

Starting slow also gives you time to fine tune the original purpose of your organization.

“Take the time to research what you love as the first step. Let the research take you into challenging new directions, not the same old same old. What’s emerging? What’s exciting?” Terrien says. When you give your organization time to evolve, you can offer services that are unique and truly benefit your community.


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