Have you wondered what to do when you turn 65, and your work life needs a change of path, because it’s no longer possible for you to keep up the daily work routine of 7 hours or more?
Fear not, there’s help ahead, and one of the solutions could be to start a business and become an entrepreneur.
The average life span is increasing year by year
The average life span is increasing year by year in every developed country.
In Denmark, the average life span has increased by 2-3 months every year, since 1840.
This means that you can expect to live quite a few years, no matter if you are a millennial or if you are approaching retirement age.
And it also means that you should consider what to do when you get old, because everyone has to lead a meaningful life, even if they can’t work 7-8 hours a day, right?
There are many benefits of becoming an entrepreneur as a senior citizen
Becoming an old age entrepreneur has many benefits, including staying active and being mentally alert.
Physical activities and brain exercises happens naturally when you have a business to run.
Maybe you’ll need to run to the post office once a day or write a thorough business plan, and both activities will keep your physique and you intellectual and cognitive skills in shape.
But there’s also the benefits of staying social and perhaps supplementing your income.
By starting a business, you can interact with customers, suppliers or colleagues. This is a great way to socialize, and maybe your business concept is so well-thought out, that it will generate a profit and supply your income.
Our top suggestions on how to become an entrepreneur when entering retirement
Scientists and researchers continue to delve into the topic about how to live as long as possible and still be happy.
But to live an active and happy life as a senior citizen is not rocket science, and the benefits mentioned before are known to populations of senior citizens all over the world, especially in the Blue Zones.
What’s new about it, is the fact that senior citizens are becoming more and more active.
They are no longer content staying at home taking care of the grandchildren. They want to do something, they want to work, be useful, and in many instances become an entrepreneur.
The question is how? How do you become an entrepreneur as a senior citizen?
Here are our top suggestions on how to become an entrepreneur when entering retirement:
Turn your hobby into a business: Whether you enjoy baking, carpentry or writing, consider developing your ideas and making them into products that can be sold online. There are many online platforms for that very purpose, and one of the popular ones is Etsy.
And remember: It’s way easier to turn your hobby into a business, when you have time on your hands.
Do voluntary work: Voluntary work has numerous benefits including staying active and mentally alert.
Socio-economic entrepreneurship is becoming increasingly popular, and it’s always rewarding to give something back to the community.
Use your experience and skills: Getting old doesn’t mean you lose your workforce value, on the contrary. You have many years of experience, knowledge and know-how, that can be used in different ways.
One of them could be as a coach or consultant for former employers or employees, and this is one of the most popular ways to become an entrepreneur in retirement.