"26 Questions to Help You Decide If a Late-in-Life Business Is Right for You"
New at Entrepreneur
March 26, 2020
26 Questions to Help You Decide If a Late-in-Life Business Is Right for You
"Instead of just asking "Why me?" ask yourself these questions to determine if becoming an entrepreneur after you retire from your job is a smart move for you."
How do you know if starting a business is the right path for you? And how do you know when the time is right to lay the groundwork for the next chapter of your work life? If your answer is that you’ll figure it out when you get there, then you’d better start figuring it out soon. Creating new income streams with a new enterprise is entirely possible, but it takes time and resources. It’s always best to start small, start slow and start smart—with some self-assessment.
When you ask yourself some simple questions about where you’ll be working at 60 or 65, don’t see work as a burden to live through. See it as a path to liberation in the later years of your life. Ask yourself…. these 26 questions (link below)….
Older entrepreneurs can create significant value for themselves and their communities by focusing on the life skills and traits that got them here: common sense, tenacity and a strong ethic of helping. You can apply your extensive knowledge of what doesn’t work to bypass entrepreneurial roadblocks. You have the time and resiliency to launch new businesses that may be slow to grow but rich in benefits. You don’t need immediate returns as many investor-backed startups led by younger thrill-seekers do. You possess the self-discipline needed to see tasks through to fruition. By this time in your life, you’ve likely figured out what you’re truly passionate about and can build new enterprises to serve those goals.
Photo courtesy Entrepreneur.com
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