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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

spencer
spencerEnlightened Mentor
Asked: April 24, 20242024-04-24T12:16:33+00:00 2024-04-24T12:16:33+00:00In: Money & Business

How To Build a Business after Retirement?

How can a retired employee build a successful business, what are the skills one can build to ensure you build a successful business?

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3 Answers

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  1. Augusta
    Augusta Enlightened Mentor
    2024-04-26T13:34:30+00:00Added an answer on April 26, 2024 at 1:34 pm

    This is a way to go after retirement instead of using your money for just leisure and enjoyment you should start a business. Since retirement money comes in bulk the wise thing to do start a business you know you can run You need to do your research on the business you would need start. Then take aRead more

    This is a way to go after retirement instead of using your money for just leisure and enjoyment you should start a business. Since retirement money comes in bulk the wise thing to do start a business you know you can run

    You need to do your research on the business you would need start.

    Then take a feasibility study to be sure it would be profitable

    Contact suppliers and get food location

    Then you can start off the business but be patience let it grow.

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  2. Mika
    Mika Expert Mind
    2024-04-27T03:08:23+00:00Added an answer on April 27, 2024 at 3:08 am

    How old will you be when you retire? Probably 60 or 65 years, right? IN many countries people retire at the age of 60-65. Do you think someone would be physically capable physically as well as mentally to start a business at this age? Well, KFC was built by an old man but things like this does not hRead more

    How old will you be when you retire? Probably 60 or 65 years, right? IN many countries people retire at the age of 60-65. Do you think someone would be physically capable physically as well as mentally to start a business at this age? Well, KFC was built by an old man but things like this does not happen to everyone. Unless, you retire in your 40s or early 50, it will be impossible to create a successful business

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  3. Carpon
    Carpon Expert Mind Hustler
    2025-08-06T13:48:23+00:00Added an answer on August 6, 2025 at 1:48 pm

    It is very important to have something to lay your hands upon after retirement and that's why it is good for you to have plans of what you want to do after you retire so that you can be able to have a constant stream of income. You can open up a small kiosk, it will be okay for you after retirementRead more

    It is very important to have something to lay your hands upon after retirement and that’s why it is good for you to have plans of what you want to do after you retire so that you can be able to have a constant stream of income.

    You can open up a small kiosk, it will be okay for you after retirement and I think it is very good for you to invest well in your working days so that you don’t even have to really be doing anything after you retire because that’s the aim of retirement

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