• Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
  • Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
Work With Me
Work With Me
  • Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
  • Home
  • Profile
  • Services
  • Blog
  • Shop
  • Community
Menu Close
  • Business Grant
  • Business Plan
  • Executive Summaries
  • Network Marketing
  • Business Grant
  • Business Plan
  • Executive Summaries
  • Network Marketing

Top 5 Skills Every Retiree Must Get Before Starting A Business

  • DayoHub

Top 5 Skills Every Retiree Must Get Before Starting A Business

Top 5 Skills Every Retiree Must Get Before Starting A Business

Retirement is a total different life from working period, and you need a new set of skills to succeed as a retiree in business. Many of these skills are those you would have acquired during your working years, and they will be beneficial for you in retirement. You don’t necessarily need to have a lot of money before retirement, but there are skills that are very essential that you must strive to acquire. Most retirees just want to take things easy. In their opinion, they have worked hard all these years and now is the time to rest, but even rest can be boring when it gets too much.

Other retirees are of the opinion that they can get through anything in the business world, because they were the best staff of the year for several years in their places of work. Unfortunately, it doesn’t work that way. This is a totally different game and you must bring in the right set of skills to be able to play, win and stay in the game for a long time. It is not surprising that many retirees get down with serious diseases and sickness right after retirement, this is because they were not able to properly navigate the retirement years and what it entails.

The same way every business needs some skills to succeed, you also need to have some specific skills you must have before starting a business.

  1. A knack for dealing with uncertainty

You have been used to a certain stream of income from your paycheck, and now you want to c=go for a change. It is not automatic that you will develop this certainty since you’ve not been used to it over the years. To succeed in any business as a retiree, you need to develop this skill for dealing with uncertainty. You don’t know the future, or whether you’ll have enough money for the future, so here is the potential of getting scared. However, you need to know how to deal with uncertainty to successfully start and continue a business. It is okay to feel stress, but you must know that it is a normal thing and you can overcome it. You should learn to be comfortable with taking calculated risks, you just have to know the right way to go about it.

  1. Mastery of Cash Flow

As a retiree, you will need to know how to manage and control money per time. Most salary workers just spend money as it comes, and have no plan or budget for spending. But, now that you’re retired and want to go into a business, you cannot just spend money anyhow. You need to have a mastery of cash flow and a diligence to monitor your budget regularly and be ready to make adjustments where necessary. Know what you’re spending money on and things you need to cut off or reduce. You cannot acquire everything you want; you need to be able to prioritize in your spending. Plan for things carefully, and be sure not to just squander money away. You might have had plans of travelling around the world after retirement, but if it is not necessary at the present moment, you might consider cutting it off for later.

Top 5 Skills Every Retiree Must Get Before Starting A Business
  1. Ability to stay motivated

As a salary earner, you might have had your boss motivate you countless times to work. There might have been incentives that motivated you to do your best at all times. But, here is a different scheme as there won’t be anyone to motivate you except yourself. So, you need to know how to do that often if you want to succeed in any business. Retirement is the first time of your life that you have a complete control of your affairs and schedule. And you have to be careful so that you don’t get idle and lazy all the way. Most retirees do not know what to do or even have the motivation to do it. Experts say that it is essential that you find something you love doing and truly do it. Develop new routines, set new goals and achievements for each day.

 

Read Also: How to Know Upfront Whether Your Startup will make Profit

 

  1. Capacity to have a purpose and follow through

Retirement is your best time to be who you have wanted to be, and to do the things you have always wanted to do. Most retirees have no plans for retirement, they do not have what it takes to have a purpose and follow through with it. Without a plan, you will feel unfulfilled and restless. With all your years of service and experience, you should be able to sit down and develop a purpose. You know what you have passion for, and that will most likely be an area that you’ll succeed in business. Starting a business after retirement does not always mean it has to be a big stuff or a vague thing, but just something you have passion for, something you can do without stress. You can write a retirement manifesto, or hire a retirement coach that can help you prepare for your retirement years.

Top 5 Skills Every Retiree Must Get Before Starting A Business
  1. Resilience

You will face some very tough situations after you retire, and you must have the ability to be resilient. You should be able to recover quickly from difficulties when they come, as you will face a lot of them as you go on. There’s no doubt that you will get frustrated with things, it’s a new way of life that you’re not used to and you have to adapt on time. Study shows that the factors that make someone resilient are a positive attitude, optimism, ability to regulate emotions, and the ability to see failure as a form of positive feedback. You should imbibe these skills in yourself before starting a business as a retiree. If you’ve never been in business before, you might not be familiar with customer services, and customers can be very difficult to please, but they are still the sole reason for starting a business.

 

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write business plan and help with fund raising strategies and Grant applications. We can help you start, grow and expand your business.

Call or WhatsApp us now on 081 0563 6015, 080 7635 9735, 08113205312 or send email to dayohub@gmail.com  and we will solve any of your business problem.

 

Share this:

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Related

Starting out in Life and Business

Starting Out in Life and Business by Dayo Adetiloye  Chapter One

Grant Winning Workbook

How to Turn Yourself into a Live Breathing Cash Machine

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

How To Start A Profitable Ecommerce Business in Nigeria
How-to-join-LiveGood-Multi-Million-Dollar-Business-Opportunity-from-Anywhere-in-the-World
unicaf 3

GI Vital Soft Gel

gi vital softgel
Business plan with AI 2
unicaf scholaship

Follow me on Facebook

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Starting out in Life and Business

Starting Out in Life and Business by Dayo Adetiloye  Chapter One

Grant Winning Workbook

How to Turn Yourself into a Live Breathing Cash Machine

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

How To Start A Profitable Ecommerce Business in Nigeria
How-to-join-LiveGood-Multi-Million-Dollar-Business-Opportunity-from-Anywhere-in-the-World
unicaf 3

GI Vital Soft Gel

gi vital softgel
Business plan with AI 2
unicaf scholaship

Follow me on Facebook

Share this:

LinkedIn
Facebook
Twitter
Email
PrevPreviousTop 5 IT Innovations That Will Blow Your Mind in 2021
NextTop 5 Technological Tools to Grow a Pharmaceutical Business with SpeedNext

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Facebook-f Twitter Youtube Instagram Linkedin
  • About
  • Dayo Speaks
  • Disclaimer
  • Shop
  • Privacy Policy
  • Sitemap
  • About
  • Dayo Speaks
  • Disclaimer
  • Shop
  • Privacy Policy
  • Sitemap

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Copyright 2025 All Rights Reserved, Dayo Adetiloye

Privacy policy

Disclaimer

 

Loading Comments...