Hang Your Shingle in Knoxville! A Best Place for Business and Careers
Across the country, many are trading in their retirement plans for new careers. Studies have shown that a growing number of Americans prefer to continue working beyond the traditional retirement age of 65: "In 2006, nearly 30% of Americans ages 65 to 69 belonged to the workforce, up from 18% in 1985, according to the Employee Benefit Research Institute." In addition, a "recent survey by Thrivent Financial of adults ages 45 to 64 found that 43% overall — and nearly half of all men — plan to work full or part time in retirement." Many of these people will leverage their skills, experiences, and even hobbies into a business of their own, joining "an expanding army of workers who continue working long after they become eligible for Social Security benefits." Now why the heck would they do that? Extra income, a sense of purpose, and longer and healthier life spans top the list.
Photo by Erik Mallinson.
For many, starting a microbusiness is the answer. "A microbusiness is a small business with fewer than five employees (including the owner) and less than $35,000 in start-up costs." Most microbusinesses operate out of the owner's home and have no employees at all, the owners choosing to outsource needed services rather than hire and manage employees. Successful microbusinesses have included a wide variety of goods and services. Some examples include child care, house cleaning, delivery services, catering, web design, consulting, writing and editing.
Like any business, a significant key to success is location. Not only will a good location offer sufficient resources to help with planning and funding needs, a good location will also have a growing and diverse population, a stable economy, an affordable cost of living, and an expansive talent and customer pool. Knoxville has all of these. Ranking fifth (out of 200 competitors) on Forbes' 2007 list of Best Places for Business and Careers, Knoxville enjoys a unique mix of creative and educated citizens, low costs of business and living, high technology, low taxes, and great cultural, recreational, and educational opportunities. For a quick reference sheet offering area statistics and many other awards and achievements click here. For further inquiries submit your questions here.
.jpg)
.jpg)