Starting A Business When You Retire
Steve Strauss: “Retired would-be entrepreneurs have many assets at their disposal that younger entrepreneurs do not. First of all, you likely have a nice nest-egg of capital that you could tap into for a business. Also, you know who you are and what you like to do. You have skills, and you most likely have a long-term relationship with a bank and credit-worthiness. Together, this puts you head-and-shoulders above most entrepreneurs who either don’t know what kind of business to start, don’t have the money or credit to get started, don’t have the necessary experience to start a viable business or all of the above.”
Lucy on February 9th, 2005 12:25 pm
Yes they have the alot more money available, I hope they also have the ambition, motivation and energy to start the business.
Tom Lindstrom on April 16th, 2008 3:32 am
Retired people often get bored at some point.Having their own business will also give them supplement income.
cassy on December 11th, 2008 11:28 pm
For me that is the best idea,for those who are retired people to invest for good .just to keep them busy and earn extra income from thier retirement money ,puting up a business will be great idea,if i where to ask!
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