What Do Retired Entrepreneurs Over 60 Do All Day?

Entrepreneurs don’t retire.

Well, at least not in the traditional sense. When we talk about former business owners, startup founders, or entrepreneurs, what do these individuals do once they step away from the day-to-day affairs of a startup or traditional business?

Former Business Owners

Former business owners often choose to step back and enjoy the fruits of their labor. They may:

Relax and play sports like golf Spend quality time with grandchildren Travel the world or explore their interests Come out of retirement to consult or mentor others Dabble in startup investing

While running a traditional business is different from starting and operating a startup, former business owners often find alternative ways to stay involved in the entrepreneurial ecosystem.

Former Startup Founders

Many former startup founders:

Become advisors and thought leaders, often through blogs or books Take up hobbies, such as boating or owning season tickets to a team of which they are part owner Purchase electric vehicles, like Teslas, and visit coffee shops with friends

Former Entrepreneurs

There is no such thing as former entrepreneurs. To them, every day is an opportunity for learning and innovation:

involvements in community activities, such as their homeowners association (HOA) Supporting local media and favorite restaurants Development of new ideas on the side Participation in accelerators and incubators for office hours and networking Engaging in continuous learning, often taking online classes through platforms like Udemy or Coursera

With the rise of technology, many have shifted from traditional hobbies to more modern pursuits like mobile app development and UX/UI design. Thanks to the internet, they have access to a wealth of resources to learn new skills and stay connected with the latest trends in technology and entrepreneurship.

The Reality of Retiring Entrepreneurs

Of course, all of this is a bit of a joke. Entrepreneurs may enjoy some of these activities, but most are not entirely sedentary. They are actively involved in their communities, learning new skills, and continuing to innovate in their spare time.

Why Retired Entrepreneurs Often Stay Busy

Entrepreneurship is not just a job; it’s a lifestyle. Even after stepping away from a formal business, many entrepreneurs:

Find it difficult to stop working and thinking about their next venture Enjoy the sense of purpose and fulfillment that comes with creative problem-solving and innovation Enjoy the benefits of travel, learning, and personal development Continue to network and stay connected with like-minded individuals

For many, the transition from business owner to retiree is a gradual one. They may still have a few side projects or consult for non-profit organizations. The key is finding a balance that allows them to stay engaged and fulfilled without feeling burnt out or unfulfilled.

Conclusion

Retired entrepreneurs over 60 often find new ways to stay active and engaged in the entrepreneurial world. Whether through hobbies, mentorship, or continuous learning, they continue to contribute to and enjoy the growth and development of the entrepreneurial community. The key is adapting their lifestyle to fit their post-retirement goals while maintaining a sense of purpose and fulfillment.