But Ausderau, now 72, is busier than ever. Each year he gives approximately 500 entrepreneurs the benefit of his experience and observations. He consults with them in person, over the telephone and by e-mail. Ausderau is one of about 11,500 people around the country who offer free help to entrepreneurs who are starting or managing a small business. Here are some of the highlights from our conversation.
Retirement is a good time to start a small business.
Older people have a lot of energy and many still want to work, but on their own terms, he observes. As a result, consulting, sales and home-based businesses are popular retirement pursuits. So is spinning a hobby into a business. Don't neglect planning. Turning a hobby or start-up into a profitable business requires setting goals, planning and market research.