Starting a Business After Retirement
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Ingvar Grimsmo
Mar 14, 2013, 2:30:54 PM3/14/13
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Please consider this free-reprint article written by:
Ingvar Grimsmo
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Article Title: Starting a Business After Retirement
Author: Ingvar Grimsmo
Word Count: 536
Article URL: http://www.isnare.com/?aid=646427&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=646427
Easy Publish Tool: http://www.isnare.com/html.php?aid=646427
*********************** ARTICLE START ***********************
Starting a business after retirement can be very rewarding both financially and personally but making wrong decisions can ruin you financially - and perhaps health and relationship-wise.
How old is too old to start a business? If you are willing and able to do the kind of work you are planning - there is no age limit. Think of Col. Sanders. Wasn't he 70 or something when he finally sold his first chicken recipe?
Before you jump in - ask yourself these questions:
Why do I want to start a business after I retire?
Is it for extra income? Stave off boredom? Get out of the house? Or perhaps you want to turn a hobby into a revenue source. Or maybe you don't care about the money at all, you just want something to do. To contribute.
What kind of business am I thinking about?
Have you thought of what kind of business you want to do? Something in mind? Or you just know you want to "do something"? The possibilities are unlimited.
Do I have loan-free money do start a business?
Is this money you could afford to lose? It is the last thing you want to do to spend your nest egg on some business venture that might fail. Or perhaps you have no or little money. So you are looking for something productive you can start with a low entry price.
Do I have a business plan?
It doesn't have to be elaborate. Just the basics. A rough draft. Does it make sense? Is there a lot of competition? A business plan is absolutely needed if you seek funding, even if you are self-funded it is a good idea to create one. Just to get a birds eye view.
Am I really an entrepreneur?
Does it scare you to launch a business? If you haven't been in any entrepreneur jobs in your career you need to take a close look at what it means to start a business. The key secret here is passion. If you are passionate about the new venture - the rest will fall into place.
Could another 'Real Job" fit me better?
You might want to consider getting another job, full or part time. In your old line of work, or something entirely new. Thus avoiding all the "non-job" stuff you have to face when self-employed.
I know, many of you are ready to jump into this because you are passionate about your idea. My best advice to you is to calm down. Think about it. Run it by someone impartial.
Then think about it some more. Then DO IT. Let's put it this way: when you are 60 you might have 4,000 days left in your life. How do you want to live it? Don't forget - you must enjoy doing whatever you are doing.
Oh, one more thing... be realistic in your expectations. And define your goals. Both financially and achievement-wise. At this stage in your life it is, in my opinion as important to enjoy as it is to make money.
About The Author: Ingvar is getting close to "the golden age". He writes about entrepreneurship after retirement. http://www.retiremententrepreneurs.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=646427
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Ingvar Grimsmo
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=646427
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=646427
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Starting a Business After Retirement
Author: Ingvar Grimsmo
Word Count: 536
Article URL: http://www.isnare.com/?aid=646427&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=646427
Easy Publish Tool: http://www.isnare.com/html.php?aid=646427
*********************** ARTICLE START ***********************
Starting a business after retirement can be very rewarding both financially and personally but making wrong decisions can ruin you financially - and perhaps health and relationship-wise.
How old is too old to start a business? If you are willing and able to do the kind of work you are planning - there is no age limit. Think of Col. Sanders. Wasn't he 70 or something when he finally sold his first chicken recipe?
Before you jump in - ask yourself these questions:
Why do I want to start a business after I retire?
Is it for extra income? Stave off boredom? Get out of the house? Or perhaps you want to turn a hobby into a revenue source. Or maybe you don't care about the money at all, you just want something to do. To contribute.
What kind of business am I thinking about?
Have you thought of what kind of business you want to do? Something in mind? Or you just know you want to "do something"? The possibilities are unlimited.
Do I have loan-free money do start a business?
Is this money you could afford to lose? It is the last thing you want to do to spend your nest egg on some business venture that might fail. Or perhaps you have no or little money. So you are looking for something productive you can start with a low entry price.
Do I have a business plan?
It doesn't have to be elaborate. Just the basics. A rough draft. Does it make sense? Is there a lot of competition? A business plan is absolutely needed if you seek funding, even if you are self-funded it is a good idea to create one. Just to get a birds eye view.
Am I really an entrepreneur?
Does it scare you to launch a business? If you haven't been in any entrepreneur jobs in your career you need to take a close look at what it means to start a business. The key secret here is passion. If you are passionate about the new venture - the rest will fall into place.
Could another 'Real Job" fit me better?
You might want to consider getting another job, full or part time. In your old line of work, or something entirely new. Thus avoiding all the "non-job" stuff you have to face when self-employed.
I know, many of you are ready to jump into this because you are passionate about your idea. My best advice to you is to calm down. Think about it. Run it by someone impartial.
Then think about it some more. Then DO IT. Let's put it this way: when you are 60 you might have 4,000 days left in your life. How do you want to live it? Don't forget - you must enjoy doing whatever you are doing.
Oh, one more thing... be realistic in your expectations. And define your goals. Both financially and achievement-wise. At this stage in your life it is, in my opinion as important to enjoy as it is to make money.
About The Author: Ingvar is getting close to "the golden age". He writes about entrepreneurship after retirement. http://www.retiremententrepreneurs.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=646427
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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