Carpon
Valued Contributor
Starting a business before you retire is a nice retirement plan and this is so because of the fact that business can easily by set up by a worker and you do not retire from doing business and this means that even if you retire from work and other things you do to get some income, you will remain a business person
✓ You first need to plan and think of what kind of business looks very prolific and has a good potential of succeeding and becoming a good source of funding for you. You may need to consult experts but make sure it is a very profitable business.
✓ Next is to find ways that you can realise what you have envisioned. Source funds and find a location to start up. In starting up, you may be able to get some very qualified and trust worthy persons to temporarily run the business for you before you retire. And even after you retire, they may keep running the business for you, and that becomes a source of passive income to you. It keeps coming and becomes your source of funding after retirement.
✓ You first need to plan and think of what kind of business looks very prolific and has a good potential of succeeding and becoming a good source of funding for you. You may need to consult experts but make sure it is a very profitable business.
✓ Next is to find ways that you can realise what you have envisioned. Source funds and find a location to start up. In starting up, you may be able to get some very qualified and trust worthy persons to temporarily run the business for you before you retire. And even after you retire, they may keep running the business for you, and that becomes a source of passive income to you. It keeps coming and becomes your source of funding after retirement.
