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	<title>Hello Boomers Magazine &#187; financial picture</title>
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		<title>5 Top Things Baby Boomers Must Do Before Starting A Home Business</title>
		<link>http://www.helloboomers.com/business/5-top-things-baby-boomers-must-do-before-starting-a-home-business</link>
		<comments>http://www.helloboomers.com/business/5-top-things-baby-boomers-must-do-before-starting-a-home-business#comments</comments>
		<pubDate>Fri, 20 Feb 2009 17:21:35 +0000</pubDate>
		<dc:creator>John Madson</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[401 K Plans]]></category>
		<category><![CDATA[Affiliate Marketing]]></category>
		<category><![CDATA[baby boomer]]></category>
		<category><![CDATA[baby boomer generation]]></category>
		<category><![CDATA[Baby Boomers]]></category>
		<category><![CDATA[Business Benchmarks]]></category>
		<category><![CDATA[Business Models]]></category>
		<category><![CDATA[Day Job]]></category>
		<category><![CDATA[Exit Strategy]]></category>
		<category><![CDATA[financial picture]]></category>
		<category><![CDATA[Good Health]]></category>
		<category><![CDATA[health insurance]]></category>
		<category><![CDATA[home business]]></category>
		<category><![CDATA[Home Business Entrepreneur]]></category>
		<category><![CDATA[Legal Entity]]></category>
		<category><![CDATA[Middle Aged]]></category>
		<category><![CDATA[Mind Body And Spirit]]></category>
		<category><![CDATA[Pursuing Your Dreams]]></category>
		<category><![CDATA[Starting A Home Business]]></category>
		<category><![CDATA[T Travel]]></category>
		<category><![CDATA[Tax Accountant]]></category>
		<category><![CDATA[Term Success]]></category>
		<category><![CDATA[Tug Of War]]></category>
		<category><![CDATA[turning 60]]></category>

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		<description><![CDATA[Don&#8217;t quit your day job just yet. If you are a baby boomer looking to start a home business, there are 5 essentials things you must do first before starting your home business. Leaving the security of a job with established 401(k) plans, health insurance or other benefits can create a real tug of war for baby boomers who want to pursue their dreams of owning their own business. Analyze Your Exit Strategy At the time of this writing, the youngest of the baby boomers are turning 42 and the oldest are turning 60. No matter where you fall into this group, analyzing and preparing your exit strategy from your job will be crucial to your long-term success as a home business entrepreneur. Create a Financial Plan How much is your salary now? What are your fixed, variable and frivilous expenses? Creating a solid plan so that you and your family will know exactly what the financial picture will be until your business gets off the ground. Choosing a Business Model and Legal Entity There are several business models to choose from; home party plans, consulting, and affiliate marketing to name a few. Choosing a legal entity for your business [...]]]></description>
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