Over 50 and Want to Start a Business? 3 Barriers to Overcome | News & Trends

If you’re ready to turn your hobby into a business as an older adult, career expert Marc Miller reveals the mindset needed to overcome fear and succeed well beyond your golden years. View more News & Trends videos: https://bit.ly/biznewsandtrends

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0:00 Who is Marc Miller?
0:31 How to overcome fear of failure
0:53 How to get a growth mindset as an entrepreneur
1:22 Free professional learning platforms to upskill
1:38 Do you need to be an expert to be a business owner?
2:00 Perceived risk vs real risk in business
2:34 The importance of moving forward when failure comes

If you’re thinking of turning your hobby into a business, Founder of Career Pivot Marc Miller says there are three major barriers to overcome — especially if you don’t have any previous experience as an entrepreneur. Some of the biggest challenges to starting a business include shifting your fixed mindset into a growth mindset, and understanding the difference between types of risks. To do that, you have to learn to overcome the fear of failure and stop thinking you have to do it all. With over 40 years of experience himself, Marc knows firsthand the importance of being honest with yourself, determining if your expertise is still relevant in the modern business world and admitting that you don’t know everything. There are endless free resources out there to help you upskill where needed to have business success — but you don't have to wait to be an expert before you get started. If you don’t know something, take the time to go learn about it. Take the first step and keep moving forward, even if failure comes along the way.

References:
Employees in growth mindset organizations are 49% likelier to say that the company fosters innovation.
https://www.forbes.com/sites/forbesinsights/2019/02/26/outperform-with-a-growth-mindset-culture/?sh=7f7320b63c2c

81% of employees say upskilling has boosted productivity at work.
https://resources.workable.com/stories-and-insights/survey-upskilling-and-reskilling-in-2020/#:~:text=68%25%20of%20companies%20invest%20in,train%20employees%20on%20new%20technologies.&text=91%25%20of%20companies%20and%2081,has%20boosted%20productivity%20at%20work.

Since 1977, the small business failure rate has declined by 30%.
https://www.smallbizgenius.net/by-the-numbers/entrepreneur-statistics/#gref

Learn more about Career Pivot:
https://www.careerpivot.com
https://www.facebook.com/careerpivot
https://twitter.com/careerpivot

Resources for Small Businesses:
Venture Forward study: https://www.godaddy.com/ventureforward
Up-to-date info on COVID-19: https://www.cdc.gov
COVID-19 resources and grant information: https://www.covid19businesscenter.com

The information contained in this video is provided for informational purposes only and should not be construed as an endorsement or advice from GoDaddy on any subject matter.

#StartaBusiness #GoDaddy #SmallBusinessNewsandTrends #FearofFailure #GrowthMindset #EntrepreneurMindset #MarcMiller

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