Starting a Business after Retirement: A Guide

When you officially retire, you are suddenly presented with a considerable amount of time to pursue the things you love to do. You can go on holiday at the drop of a hat, play golf, learn to paint, which is all very well and very enjoyable but if you are the kind of person who loves to get stuck into work, then it won’t satisfy you for very long.

Why is retirement the time to start a business venture?

Retirement is the perfect time to start your own business because you will be in a good place financially and have enough time to put in the needed effort to make your venture into whatever industry you choose a successful one.

While many articles will talk to you about writing a business plan and getting initial funding, this guide is going to walk you through how to start a business the right way to ensure it lasts for a long time and is the best it can possibly be.

How to be sustainable

Every business has a choice about how it is going to run things at its inception, and this choice is between doing things right or doing things cheaply.

When it comes to this question, the answer should be a no-brainer, and the secret to doing things right is by making your business sustainable. This isn’t just about being kind to the environment, which is a great idea, but it is also about keeping costs down and ensuring quality throughout every facet of your company.

But what does this mean in real terms?

To answer this question take, for example, baling wire. This is something every company that deals with material goods will need to ensure the smooth transportation of bulk goods, so why buy cheap wire when you can get the very best? When it comes to this particular item, paying a visit to www.balingwiredirect.com is a fantastic place to start as the functional design of the product and the quality representation that it boasts mean that you can use the product multiple times, making it an investment in sustainability that serves your business well.

Reducing the waste in your business

If you want to be making a profit with your business, then having a high amount of waste is not an option.

You can find loads of ideas online that details the ways to be more green in your business to help you out.

One such way is to learn how to start an office recycling program. First of all, you will need clearly marked places for different types of recycling to go and ideally appoint someone to coordinate the effort. Talk with your employees about the importance of recycling and its positive impact on both the business and the environment.

Consider something radical

The last thing you need to think about is going the extra mile. Every business needs a base and once you have your building, what is there to stop you making the radical choice to use solar power?

The benefits of solar power for business are manifold and include a quick return on investment, reduced production costs, and maintenance free, reliable energy.

All the choices you make about how you are going to run your business at the beginning of things will directly impact your success and chances of survival in the competitive marketplace, so it is in your best interests to take these ideas on board.

 

Lisa
Lisa Besserman, Founder and CEO of Startup Buenos Aires, has been named as Business Insider’s “Top 100 Most Influential Women in Tech”, and the 2014 “Business Innovator of Latin America” by the Council of the Americas.
Lisa moved to Buenos Aires from New York City to create Startup Buenos Aires, the organization that represents the startup, tech and entrepreneurial community of Buenos Aires, Argentina.
Startup Buenos Aires has been one of the main catalysts for strengthening the tech ecosystem in Latin America, by bringing global startup initiatives, development projects and investment opportunities to the region.
Under Lisa’s leadership Startup Buenos Aires has been credited as “Top 3 Growing Startup Cities” by CNBC and “5 Emerging Global Tech Hubs” by Entrepreneur Magazine.

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