Monday, August 15, 2022
Chuck Marunde, J.D., Broker/Owner 360-775-5424


iRealty Virtual Brokers


Broker/Consultant

Washington State

SUBSCRIBE
  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    The Coming Real Estate Crash

    The Coming Real Estate Crash

    The Sequim Real Estate Trilogy

    The Sequim Real Estate Trilogy

    Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

    Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

    Escaping California to the San Juan Islands

    Escaping California to the San Juan Islands

    Get Healthy

    Get Healthy: Increase Natural Immunities, Cellular Energy, Deep Sleep & Decrease Blood Pressure

    Manage Your Energy

    Manage Your Energy Not Your Time

    Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

    Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

    7 Myths of Selling Your Home

    7 Myths of Selling Your Home

    Buying Your Retirement Home

    Buying Your Retirement Home

    The New World of Marketing for Real Estate Agents

    The New World of Marketing for Real Estate Agents

    Sequim Real Estate For Buyers: Free eBook Updates Forever

    Sequim Real Estate For Buyers: Free eBook Updates Forever

    24 Secrets of Buying a Country Home

    24 Secrets of Buying a Country Home

    Sequim Real Estate: A Buyer’s Guide

    Sequim Real Estate: A Buyer’s Guide

    Living Off The Grid iin Alaska

    Living Off The Grid in Alaska

    Buying and Selling Real Estate

    Buying and Selling Real Estate

    Trending Tags

      • Sequim Real Estate for Buyers (Free eBook Updates Forever)
      • Sequim Real Estate: A Buyer’s Guide (Paperback)
      • Escaping California to The San Juan Islands
      • Buying & Selling Real Estate in The Rain Shadow
      • Real Estate From Bricks & Mortar to High Tech Virtuality
      • The Seven Myths of Selling Your Home
      • Buying Your Retirement Home
      • The New World of Marketing for Real Estate Agents
    • Agents
      • Professional Buyer’s Agent
      • Flat Fee Listing Broker
    Tetralogy
    No Result
    View All Result
    • Login
    • Register
    • Home
    • Search MLS
      • Sequim MLS
      • Sequim MLS Map Search
      • Port Angeles MLS
      • Port Townsend MLS
      • San Juan Islands MLS
      • All Islands MLS
      • How to Search the Sequim MLS
    • Videos
      • Sequim Videos Q&A
      • Buyer Videos Part 1
      • Buyer Videos Part 2
      • Buyer Videos Part 3
      • Buyer Videos Part 4
      • Living in Sequim Video Channel
    • Books
      The Coming Real Estate Crash

      The Coming Real Estate Crash

      The Sequim Real Estate Trilogy

      The Sequim Real Estate Trilogy

      Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

      Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

      Escaping California to the San Juan Islands

      Escaping California to the San Juan Islands

      Get Healthy

      Get Healthy: Increase Natural Immunities, Cellular Energy, Deep Sleep & Decrease Blood Pressure

      Manage Your Energy

      Manage Your Energy Not Your Time

      Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

      Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

      7 Myths of Selling Your Home

      7 Myths of Selling Your Home

      Buying Your Retirement Home

      Buying Your Retirement Home

      The New World of Marketing for Real Estate Agents

      The New World of Marketing for Real Estate Agents

      Sequim Real Estate For Buyers: Free eBook Updates Forever

      Sequim Real Estate For Buyers: Free eBook Updates Forever

      24 Secrets of Buying a Country Home

      24 Secrets of Buying a Country Home

      Sequim Real Estate: A Buyer’s Guide

      Sequim Real Estate: A Buyer’s Guide

      Living Off The Grid iin Alaska

      Living Off The Grid in Alaska

      Buying and Selling Real Estate

      Buying and Selling Real Estate

      Trending Tags

        • Sequim Real Estate for Buyers (Free eBook Updates Forever)
        • Sequim Real Estate: A Buyer’s Guide (Paperback)
        • Escaping California to The San Juan Islands
        • Buying & Selling Real Estate in The Rain Shadow
        • Real Estate From Bricks & Mortar to High Tech Virtuality
        • The Seven Myths of Selling Your Home
        • Buying Your Retirement Home
        • The New World of Marketing for Real Estate Agents
      • Agents
        • Professional Buyer’s Agent
        • Flat Fee Listing Broker
      No Result
      View All Result
      iRealty Virtual Brokers
      No Result
      View All Result
      Home News and Commentary

      Retired and Planning to Start a Business in Sequim

      Chuck Marunde by Chuck Marunde
      September 2, 2019
      Reading Time: 3 mins read
      0 0
      0

      Are you retiring in Sequim and planning to start a business?  You may have heard the expression, “The answers you get are only as good as the questions you ask.”  Today I thought I would both ask the questions and answer them for you.  The questions that some retirees may not ask, but should consider, are questions like these:

      1. Does the business I want to start have a high probability of success or a low probability of success?  Some businesses do, in fact, have very high statistical probabilities of failure.  New restaurants fall in this category, as well as antique shops, used bookstores, specialty stores, clothing stores, small toy stores, art and photography shops, some personal service businesses (accounting, bookkeeping, tax preparation), and there are others.
      2. Does the business have high overhead or high fixed and variable costs?  Entrepreneurs are infamous for over estimating sales and income.  In Sequim and in Port Angeles, I have watched for 18 years as businesses come and go for this reason.
      3. Will the business be very labor intensive?  A B&B (bed and breakfast) is very labor intensive.  It may sound fun, and I’m sure it can be, but a recent B&B owner told me if she had any idea it would have been so consuming, she would never had done it.
      4. Will the business be consistent with your personal interests and passions, or are you considering it just because friends or family have told you, “You should get your real estate license.  You would be so good.”  This is just an example, but many retirees have gotten their real estate licenses only to wish they had never bothered. 
      5. What will you actually do in your business everyday?  Many small businesses sound good at first, but later the owner realizes that what they thought they would be doing is not at all what they had to do everyday in the business.
      6. Would you start a business because you need to make money, or because you want to accomplish something else?  The answer to that question will have a huge impact on how you develop your business model?

      Start a BusinessThese are just some of the questions worth asking if you are thinking about moving to Sequim and planning to start a business in your retirement years.  Your retirement should be some of the best years of your life, and the last thing you and your spouse need in retirement is a financial and stressful nightmare.  Right?

      I share this because I worked with hundreds of business owners as a lawyer over two decades, and I learned more from the mistakes and failures of business owners than I did from those who succeeded.  If you buy a home and make me your Sequim Buyer’s Agent, I would consider it a privilege to share anything I’ve learned about businesses, legal entities, separation of liabilities, asset protection, estate planning, business succession, and marketing on the Internet.  It might also be helpful to know what businesses have succeeded and failed in Sequim and what locations tend to be good and bad for business, if you’re going to have a bricks-and-mortar.  I’d be glad to share what I’ve observed.

      By the way, some retirees are working out of their homes and using the Internet to sell their products or services.  It’s a brave new world, and there are many unique business opportunities today that we didn’t have 10 or 20 years ago.  As a hobby, I’ve started a home business apart from my full time real estate brokerage, which involves health and nutrition products (consistent with my own desire to lose weight and get healthier).  I’ve always wanted to build a passive or residual income, and this business will do that too.  I did my due diligence to find a company with outstanding products and with integrity from the top to the bottom.  You can learn more about this company and their products at Sequim Home Business.

      Whatever business you might be looking at, you can always email or call me and ask questions as you do your due diligence.

      Last Updated on September 2, 2019 by Chuck Marunde

      Tags: Start a Business
      ShareTweet
      Chuck Marunde

      Chuck Marunde

      Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

      Related Posts

      Methadone Clinic
      News and Commentary

      Save Our Sequim: Stop The Regional Methadone Addiction Facility

      August 23, 2019
      19
      News and Commentary

      Oil Rig in Port Angeles

      September 7, 2019
      0
      Audubon Center
      News and Commentary

      The Sequim Audubon Center

      September 28, 2019
      0
      Sequim Flood
      News and Commentary

      Sequim Dungeness River Nearly Flooding

      September 28, 2019
      6
      New Year's Resolution
      News and Commentary

      The Sequim New Year’s Resolution: Something Better

      September 27, 2019
      0
      News and Commentary

      The Death of Newspapers: What’s Going On?

      September 21, 2019
      0
      Next Post

      Gold or Real Estate?

      Home Sales Oversated by NAR

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      I agree to the Terms & Conditions and Privacy Policy.

      This site uses Akismet to reduce spam. Learn how your comment data is processed.

      "I wish I read this before selling my
      home. I could have saved $50,000." Andy 

      Search 2,200 Articles by Category

      • Trending
      • Comments
      • Latest
      Buyer and Seller

      What if a Buyer and Seller Talk to Each Other?

      August 5, 2022
      10 Best Places to Retire

      Why is Sequim One Of The 10 Best Places To Retire?

      September 22, 2019
      Terminate a real estate contract

      How to Terminate a Real Estate Contract

      December 31, 2020
      Prorate Propane

      How to Prorate Propane at Closing

      August 15, 2015
      print newspapers

      Print Newspapers Losing Readers to the Internet

      42
      FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

      FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

      31
      Buyer and Seller

      What if a Buyer and Seller Talk to Each Other?

      28

      What Documents Does a Buyer Need to Buy Real Estate?

      24
      Marunde-Books

      Marunde Books: I’m Having Far Too Much Fun Here

      August 15, 2022
      Financing Contingency

      What does “The Financing Contingency Shall Survive the Closing Date” Mean?

      August 12, 2022
      Sequim Real Estate

      Massive Upgrades to Sequim Real Estate Blog

      August 11, 2022
      Subscription to iRealty Virtual Brokers Real Estate Blog

      How Do I Subscribe to This Real Estate Blog?

      August 11, 2022

      Subscribe to Chuck 
      Marunde's Newsletter

      Popular Stories

      • Buyer and Seller

        What if a Buyer and Seller Talk to Each Other?

        0 shares
        Share 0 Tweet 0
      • Why is Sequim One Of The 10 Best Places To Retire?

        0 shares
        Share 0 Tweet 0
      • How to Terminate a Real Estate Contract

        0 shares
        Share 0 Tweet 0
      • How to Prorate Propane at Closing

        0 shares
        Share 0 Tweet 0
      • The Sequim Blue Hole – A Map of Rainfall

        0 shares
        Share 0 Tweet 0

      Leaving Comments   I hope you’ll join our community and leave comments from time to time. Please realize that comments, if approved, will be public, so do not use any personal information you don’t want broadcast to the world, and definitely don’t leave a phone number. Comments are not the place to ask Chuck Marunde for help in finding a home. To do that, call or text Chuck.

      Neither Chuck Marunde nor iRealty Virtual Brokers offers legal advice on this site. Please Read Our Legal Disclaimer

      If you’d like to view how we protect your privacy, see our Privacy Policy.

      iRealty Virtual Brokers

      iRealty Virtual Brokers reaches out to buyers around the United States with thousands of online articles, MLS sites, apps, real estate books, videos, and much more specifically to help buyers find all the answers to their questions. We also now offer a flat fee commission listing service that saves sellers tens of thousands of dollars.

      iRealty Virtual Brokers
      125 Olympic Ranch Ln
      Sequim, Washington 98382
      360-775-5424

      Search the entire NWMLS in Washington State:

      Sequim-Homes.com

      The largest independent real estate blog in the State of Washington with over 2,200 articles totally focused on our client’s best interest, their needs and their curiosity. All free and 100% reliable. I’m here if you need me, 

      © 2006-2022 iRealty Virtual Brokers and Chuck Marunde

      No Result
      View All Result
      • Home
      • Search MLS
        • Sequim MLS
        • Sequim MLS Map Search
        • Port Angeles MLS
        • Port Townsend MLS
        • San Juan Islands MLS
        • All Islands MLS
        • How to Search the Sequim MLS
      • Videos
        • Sequim Videos Q&A
        • Buyer Videos Part 1
        • Buyer Videos Part 2
        • Buyer Videos Part 3
        • Buyer Videos Part 4
        • Living in Sequim Video Channel
      • Books
        • Sequim Real Estate for Buyers (Free eBook Updates Forever)
        • Sequim Real Estate: A Buyer’s Guide (Paperback)
        • Escaping California to The San Juan Islands
        • Buying & Selling Real Estate in The Rain Shadow
        • Real Estate From Bricks & Mortar to High Tech Virtuality
        • The Seven Myths of Selling Your Home
        • Buying Your Retirement Home
        • The New World of Marketing for Real Estate Agents
      • Agents
        • Professional Buyer’s Agent
        • Flat Fee Listing Broker

      © 2006-2022 iRealty Virtual Brokers and Chuck Marunde

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms bellow to register

      *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.