Retirement Entrepreneurs Blog

Comments, rants and tips on baby boomer small business ideas
and working after retirement.


Author: Ingvar - Retiree In Training  


Working after retirement

Tag Archives: business



With a few exceptions it will cost you some money starting a business. Even my favorite - a blog will cost a few hundred dollars. Other business will cost more. After retirement you need to look at how you spend your money. It is important to keep the upfront expense to a minimum to protect your retirement funds. It is better to start small and then grow instead of spending money you can't lose initially. ...
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What should retirement age be? It is the topic d'jour in many countries. Most governments now want to rise the retirement age. In Canada, and this is true for most countries I would imagine - people live longer and healthier. In 1966 Canadians who retired at 65 could expect to live another 13.6 years. In 2010 65 -year-olds can expect another 17.9 years. So what do the government do? Make people work longer.

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So what if you retire and you can't really justify dipping into your retirement fund? But still want to get into some business that can give you some satisfaction and perhaps some income? Trick is to leverage what you do have. And I am sure you have lots... you just have to think about it.

If you have been in one industry all your career you are an endless source of knowledge. Skills ...
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Anyone can apply for government grants. Most government grants are given for academic, research and artistic fields, but there are grants available for business and individuals as well. A common misconception is that grants for business are easy to get. They aren't. A solid business plan is a must and you have to understand why they would give you a grant. More information with a link to applying for grants here: www.GettingaGrant.com - There has ...
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One of my good friends is 76 years old, a cancer survivor and running his own business. He was a university professor his entire career and then retired. But didn't do the RV thing, he had a patent for a scientific device and went to work. He's still working the business - hands on. Incredible. I asked him for some comments, and instead of re-writing them I thought I'd just let him speak for himself:
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How old it too old to think about starting a business after retirement? Fifties? Sixties? Seventies? Fact is - there is no such thing as being too old to do anything. Sure, we are all challenged by limitations that come our way as we grow older, but barring severe mental or physical challenges - now is as good time as any. There are stories about people starting in their sixties and becoming very successful. Colonel ...
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No matter what services you offer, or what you sell; repeat customers are your key to a long-term successful business. Few stores or viable business depend on one-time sales. Repeat business is the magic formula. Most business spend more money trying to get new customers than keeping existing ones and selling them more stuff. Tip of the day is: spend more time and effort to get more sales from existing customers. It's cheaper too!

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In my mind - the most important thing to consider is your passion. Following your passion might be the most important step you take before launching into your own business. I can't imagine working on something that I am not passionate about. Sometimes I get assignments from clients that get to be a little dreary and time-consuming. That happens. But overall - if you are passionate about your choice of business - the rest will ...
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Amazingly enough there are lots of small businesses out there without a website. Or some listing in some obscure directory in their field. If your listing or website is not producing qualified leads every day - it's just taking up cyberspace. You MUST have a website. And no, it doesn't have to be an elaborate nor expensive site.

There are however some basic requirements for a professional and credible website.
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Stats show that over 50% of new small businesses fail. Why? There are several reasons. Lack of planning, funding, experience and competition are some. New entrepreneurs are often very eager to start a business not really planning ahead. Sure, it's fun to get going on a venture you feel passionate about. But at least sit down and take a cynical "what if" look at the future. Also, as a recent retiree you have had the ...
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