Why Postponing Retirement to Start a Business Might Be the Best Decision You'll Ever Make

You're coming towards the end of a successful career, and retirement is just around the corner. Brilliant! You'll finally be able to put your feet up, have a well-earned break and enjoy the bucket-list holidays you've been yearning for!

So…why is it that you don’t feel ready yet?

The truth is, you're not alone! Many professionals who had been looking forward to leaving the office politics and daily commute behind discover once they actually retire that the novelty begins to wear off very quickly.

And that's not surprising - you’ve spent your whole life working hard and thinking strategically. That drive doesn’t switch itself off overnight.

The Downsides of “Traditional” Retirement

Retirement seems relaxing...until you're in it. People often struggle with:

• A lack of structure and routine

• The loss of their identity after leaving a long career

• Boredom, especially for people who love learning or solving problems

• Feeling undervalued or invisible

• Missing being able to make a difference to other people

• Anxiety that their pension could run out

But, it doesn't have to be that way - you don’t have to choose between full-time work and full-time retirement!

Why Starting a Business Might Be the Answer

Running a business after you retire from your first career could be the answer:

• No more 60-hour weeks or managing a team

• You can use your considerable skills on your own terms

• It keeps your mind active and gives you a strong purpose

• You can earn some extra income for life's luxuries

• It builds a sense of achievement and identity

• It enables you to help others with something meaningful

• It gives you the flexibility and freedom to choose when and how you work, so you can look after the grandchildren, visit your elderly parents or take a trip to the seaside when the sun is shining

It’s no longer about chasing status or the next promotion. It’s about staying engaged, fulfilled and financially secure, whilst leaving behind a legacy of all that accumulated knowledge and experience.

What Kind of Business Could You Start?

Don’t assume it has to be anything big or complicated. You just need something that lights you up and fits your new lifestyle.

Think about the many skills you have learnt over the years. Many professionals do well with:

• Consultancy or freelance work

• Teaching or mentoring others in their industry

• Creating online courses or digital products

• Starting a local service or advisory business

It's never too late!

When it comes to second careers, age truly is an advantage. You have the credibility, wisdom and networks that younger business owners have simply not acquired yet. Plus, many clients prefer to work with someone who’s "been there and done that".

Think about it - if you’re in your 50s or 60s, you still have 10–20+ years of working life if you want it, so why not make it enjoyable?

So where do you start?

Are you thinking about starting a purpose-led business after retirement?

✅ Download my 5-Step Planner for Your Second Career. It’s a short, practical guide to help you explore business ideas that fit your skills, lifestyle and goals.

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