Your Business Plan For Retirement

Does this scenario sound familiar:

After multiple decades spent pursuing whatever your chosen career you find yourself approaching an age typically associated with retirement. Whether the move to your second act is your decision or otherwise dictated you take the plunge and bravely go where you have never gone before. The initial weeks and months are not always exactly what you expected but gradually you start to get the hang of things.

You attack that to-do list you have been compiling for years. You add to your travel diary by visiting some spots you have long looked forward to exploring. You take another look at some hobbies you left behind due to the hustle and bustle of family life and career. Perhaps you even explore some new interests because heck, you have the time.

And then, maybe a year or two into the journey, you find yourself stalled. Like a ship run aground the initial momentum that drove you smoothly onward peters out. Activities that held your interest are fewer, you are caught up on your projects and you cannot travel every day of every week. That active you with so much to give and so much to do is suddenly on pause.

Don’t despair.

Your mission – should you choose to accept it – is to guide your way back on track to continue living the life you want for the coming decades. You are just getting started so don’t even think of giving up. What if you start to think of retirement as your new job?

From this day forward realize you are running your own business and you are in charge. The success or failure of this oh-so-important start-up depends on your commitment and effort. There has been and will be no more important job in your lifetime.

The mission of your company is straight forward – to build meaning and excitement into your daily life.

As with any start-up you need to dedicate some portion of the day to generating new business. In the case of retirement that translates into broadening and improving your collection of retirement activities and options.

Here are a few ideas to help formulate your business plan for retirement:

– Network – retirement is a time to re-establish connections you have lost over the years whether friends, co-workers, family or whoever. Reach out and engage. Don’t be reluctant to respond to high school or college reunion invites. Follow up with invitations from neighbors or make your own. Who do you want to interact with? Since you now have the freedom and the time you get to choose.

– Get social (media that is) – search Google based upon your interests/passions. Find what might be in place locally by signing up for services such as NextDoor. Check out interesting blogs. See who might be on Facebook and friend those you want. The internet can make reaching out easier – you just have to get comfortable with technology and use common sense.

– Make some cold calls – keep prospecting for new opportunities by reaching out to local organizations that sound interesting. Send an email to introduce yourself or ask pertinent questions.

– Be entrepreneurial – if you have good ideas apply them. You don’t have to wait for someone else. If the particular club or organization that interests you does not exist, start it yourself. Take initiative and put to use those skills and experiences that got you where you are today.

– Expand upon areas that you are already interested in. For example if you like learning a new language add another to the mix (trying to keep the different rules and pronunciations straight is a great brain workout). If you are proud of your flower garden expand into growing vegetables. If you like getting out of the house once a week how about twice? Once you identify what you like to do seeking out related endeavors can be rewarding and fun.

It’s not always simple to come up with activities that engage and make the day feel worthwhile. Retirement is a joy as well as a challenge. Like any other job the more you do it the better you get at doing it. And the benefits of this job are hard to dispute: inspiration to live each day, stimulation of your mind and body, satisfaction with personal achievements, and no time for boredom.

I hope 2016 has been a good year for you and yours. Best wishes for a happy healthy Christmas, a safe exciting New Year, and of course a most enjoyable retirement.

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About LoveBeingRetired

Dave Bernard is a California born and raised author and blogger with an extensive 30 year career in Silicon Valley. He has written more than 300 blogs for US News & World On Retirement and his personal blog Retirement – Only the Beginning. He has authored three books: "Are you just existing and calling it a life?"; "I want to retire! Essential Considerations for the Retiree to Be"; and " Navigating the Retirement Jungle". Dave was also a contributing writer for the books 65 Things to do when you Retire (“Positive Aging – Old is the New Young”) as well as 65 Things to do when you Retire – TRAVEL (“Travel to Discover your Family Heritage”). He lives in sunny California with his wife, his Boston Terrier "Frank" and a passion for the San Jose Sharks.