You’ve got the time. You’ve got the desire. And you’ve got a few extra bucks to spend. Starting a business in retirement sounds like a piece of cake.
Don’t be lulled into a false sense of security. There are many ways to trip yourself up. And the downside isn’t just a failed business; it’s a failed retirement.
If you want to know these traps before you fall into them, take a look at what these entrepreneurs reveal about the mistakes retirees most often make when starting a new business.
Mistake #1: Taking too much risk
This is a big one. It’s the most misunderstood aspect