Sounds like an oxymoron, right?
The reality is retirement is just leaving the career you’ve been in to enter a phase in life where you choose what to do. Obviously, for many that choice is to visit the grandkids, hit the links, or relax at the beach.
For some, however, it affords them the time to explore their artistic side more. Maybe travel and consult. Maybe finally open that bakery they’ve been dreaming about.
If this is of interest to you, here are three things to consider:
😊 Be honest in the management of your time. Sometimes that honesty comes in admitting how much time it will take to run your business. Occasionally it is being honest in how much time you can and want to spend.
💸 Evaluate and plan for the start-up costs. Talk with someone else who has done something similar. You should also talk with a professional coach who can help you understand those costs and how to best cover them.
📈 Create a 5-year plan. I have found that in creating a 5-year plan you will either see how excited you are to launch or how it might not be the right idea. Again, here is where a coach or mentor is extremely valuable.
Overall, we’ve seen many people successfully start and run a career in retirement. But only those who plan it, and run it, in the right way.