Should You Start a Business in Retirement?

Will you end up alone, out-of-touch, bored, or broken in retirement because you don't have your priorities straight?

Would you be starting the business to make extra money or for more personal reasons such as helping others, filling a void, or being part of something bigger than yourself?

Financial reasons

Personal reasons

Would you prefer to create your own product or service or use an existing business model?

Create my own

Existing business

Do you have family and friends that will support you and help champion your business ideas and goals?

Yes

No

Do you have any special skills, training, certifications, or personality traits that will help you succeed?

Yes

No

Do you have separate funds to use in starting the business that won’t change or disrupt your planned retirement lifestyle?

Yes

No

Do you have any health conditions or lifestyle habits that may worsen with added stress?

Yes

No

Do you personally know other entrepreneurs you could ask for help or advice?

Yes

No

Do you have any personal commitments that may conflict with your business needs including caring for an aging parent of grandchild, volunteer work or regularly scheduled doctor or other appointments?

Yes

No

Would you be forced to return to work if things didn’t work out after the first year?

Yes

No

What would you do if you finish this quiz and your answers suggest you may not be ready to start a retirement business?

Accept it and not start a business

Seek out people, tools, and resources to help better prepare myself

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