Why Retire? Advice For The Aged On Starting A Business

In these days and times, can we really rely on retirement savings and the dreaded Social Security; or as I have heard some say, Social Insecurity?

I also think of how I will feel when I reach an age when many people retire and I say to myself, why retire?

I love what I do and I cannot see myself rocking in a chair on the front porch, watching the neighbor children playing baseball or basketball.

Maybe I am assuming, but I think many aged people probably wish they were still working. But not working in a job they detest or for people they can’t stand. And with their wisdom, it just makes good sense to start a business.

I found myself talking to, and researching aged entrepreneurs and discovered some great tips and advice to help people 50+ on starting a business… Becoming aged entrepreneurs. And I am going to share some of that advice with you in today’s post.

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” Steve Jobs

Why Retire Advice #1: Be Grateful

I recently learned about Edward Ritter. This Knoxville, Tennessee entrepreneur has an amazing spirit, and it all comes down to his being grateful and not dwelling on the bad circumstances.

You see, Edward was a corporate executive and nearing the stage of retirement when the company downsized and gave him the boot. And then Mr. Ritter’s wife passed away. While many people would have just “thrown in the towel,” Edward moved forward. He started Roni Deutch Tax Center and has several aged employees.

At 77 years old, Edward Ritter is as spry as a 30 year old… Because he is grateful.

“The best time to plant a tree was 20 years ago. The second best time is now.” Chinese proverb

Why Retire Advice #2: Don’t Do It For The Money

At 68, Jim Koch is going strong… He always has a smile on his face and we ask, “Is it the beer?”

Jim is the co-founder of Boston Beer Company, the company that brews Samuel Adams.

Jim tells us that it would have failed if he had been in it just for money… He did it to be happy. And following his passion led to money coming in too. But Jim would have kept brewing his tasty beer even if no money came, because he was doing what he loved and it made him happy.

“You drill your fair share of dry holes, but you never lose your optimism.” T. Boone Pickens

Why Retire Advice #3: Consider Time Commitments

Nancy Collamer is the author of “Second-Act Careers.”

Nancy explains that while becoming an aged entrepreneur is a great idea, you need to choose a business that will allow you to take needed time apart.

She recommends staying clear of a brick and mortar business which can kidnap your time. Other businesses can allow you to work fewer hours and still be successful.

“Don’t limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve.” Mary Kay Ash

Conclusion

You have a world of experience and wisdom that can give you a strong advantage in the entrepreneurial world.

Use it!

Maybe the younger generation has a better handle on technology, but I believe the aged have a better handle on the treatment of customers.

So believe you can and you will.

Hey, I am here for you too! If you need assistance in getting started as an entrepreneur no matter your age, just reach out.

Here is something I developed that may help… Click here to checkout the Home Business Success Kit. There are 3 tools that can get you rolling… and profiting.

Thanks for coming by and please share this with your aged, and not so aged friends.