More boomers are putting the golf clubs and big trips on hold and using their age and experience to launch successful small businesses.

As the oldest boomers turn 60 in 2006, their desire for trying new things could portend a significant wave in departures in the next year, says Dr. David DeLong, suggesting a wave change in the workplace that will be propelled by entrepreneurs.

The perks of being self-employed include being held accountable for their own success, being their own bosses, and not having to live by anyone’s rules. Other reasons cited for starting a business include the satisfaction of making money from a good idea as well as the opportunity to create a family business effort.

Management consultant Randall Craig, author of Leaving the Mother Ship, offers these tips for budding boomer entrepreneurs:

1. Do your research. Make sure there is enough demand for your product.
2. Invest in yourself. Take a business class to fill in any gaps in your skills, such as accounting or marketing.
3. Take a test-drive. Try to work full or part-time in the business you plan to open.
4. Develop a solid business plan. Write a report detailing exactly how your business will operate and make money.
5. Be frugal. Cash is oxygen to a business.
6. Build a buzz. Repeat customers and positive word of mouth are critical to your business success.
7. Develop your brand. A professional logo and effective marketing and advertising materials will help to ensure your budding corporate culture reflects positively on your enterprise.
8. Engage your support network. Talk to family and friends, but alsoto your professional advisors including your lawyer, accountant, banker and others.
9. Don’t give up. Be willing to quickly change gears if things are not working out as planned.

50Plus.com