Retirement May Be a Great Time to Start Your Own Business
There’s a big difference between starting a company as a young entrepreneur with stars in your eyes and launching a business at an age when you need reading glasses. If you’re a twentysomething student with an idea for a better search engine, like Google founders Larry Page and Sergey Brin, you can start over if the idea is a dud. If you’re a retiree looking for a second career, you have a lot more to lose–including your life savings.
The upshot is that many people elect to hang up a new business shingle when friends their age are settling down to a life of leisure. The challenge is figuring out what to do and how to do it, without betting the farm on a venture that might not pan out…