At over fifty, I find myself at a crossroad and asking: “What do I want to do with the rest of my life, and will I have the income to follow my dreams?” For some, starting a sideline business becomes part of this re-invention. Today, 3 in 10 businesses are started by individuals over 50. Is this part of your dream, but you are not sure how to proceed? Here are four steps to get the process moving.

1. Write down what you expect from a sideline business. (Do you want the social structure? Do you need additional income? If so, how much?)
2. What business or skill do you want to start that you enjoy?
3. Take time to find out if there is a market for the business you want to start.
4. Test the waters in a small way (visit a similar business, talk to someone who has a sideline business)