Is it possible to be an entrepreneur in retirement?
It can be tough to find things to do once you’ve reached retirement age. This type of activities may be more stressful than job hunting when you were younger. All of the self-study books would point one in the direction of their chosen field of study. Another would suggest not looking any further and instead focusing on honing their skills and making them an extension of living, of life. Is it possible to be an entrepreneur in retirement?
One may or may not have all of the necessary training, tools, and facilities to pull anything off and become financially or commercially self-sufficient. The only difficulty is that not everyone was born to run a business.
Most of us toil for others and work hard our entire lives. We’re just scraping by to keep our heads above water. Some of us do make it, but we were not blessed with the ability to maximize our resources in order to make our journey more comfortable. At this stage in our lives, very few of us never experience these kinds of ideas.
There are two things we must examine at this time in our lives. There are two types of capacity: 1) financial capacity and 2) physical capacity. These two factors would also need to be considered. There are two types of goals: 1) long-term and 2) short-term.
The first two elements are the tools we’ll need to get started and successful on our new adventure, while the other two will help us figure out how long we’ll be doing it for and who we’ll be doing it for. The best-case scenario for anyone would be scenario: We have the financial means and the physical strength to do so. Assuming we’re both right. We should also think about if we can achieve this and establish a successful business in the next 10 to 20 years (Long Term Goal). If not, we can focus on something that will keep us occupied for the next few days (Short Term Goal) while also providing us with something we can use or preserve.
If you want to pursue something that will last a long time and you are financially and physically capable, entrepreneurship is the way to go. You can invest into any firm that is already established and is more or less turn-key if you are financially sufficient but not physically adept.
We can’t assume that those who are less financially equipped aren’t interested in developing or working with possibilities. So we leave them to their own devices, allowing them to select their own course.
Originally published in entrep.ph