Self-Employed.

Use this forum to discuss the July 2022 Book of the Month, "Reconfigurement", by E. Alan Fleischauer
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Larnie_12
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Re: Self-Employed.

Post by Larnie_12 »

Well, in my own perspective, when entrepreneurs retire, it means their work is retiring with them, that is coming to an end too. I think there should be a time of rest for an entrepreneur, not totally retirement. An entrepreneur can have someone take after his work, but then, he/she is still active in the work, by bringing in ideas, concepts etc. So I think there is no total retirement for an entrepreneur, but he should rest o😹.
Christina Spivey
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Post by Christina Spivey »

🤔 I really think it really depends on how much work you do as an entrepreneur, if you are an entrepreneur that is hands on who has a lot of work that you personally do. Then, yes I absolutely believe that you need retirement, but if you have a business like online shopping or something like that that basically runs itself, I feel like you could still vacations and do the things that you wanted to do in retirement and still run your business. That's just my opinion though.
Lutf golibao
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Post by Lutf golibao »

For me you dont need to ritire when your a entrepreneur, Dywane carter once said you retire when you die he was asked about retirement from music, and i believe that is true
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Gulam Mohamed
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Post by Gulam Mohamed »

I believe that it depends on which tradition you come from. In some traditions the business stays in the family and is taken forward by the children under the guidance of the retired patriarch. He is still in charge to a large extent, however. Two families come to mind: Chandaria and Ambani.
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Patty Allread
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Post by Patty Allread »

Entrepreneurs can create a situation where they have more choices regarding retirement. If your business is in a phase where you are a vital day-to-day part of the actual production, it could be challenging to retire without losing your income. Or, you might have to sell it if it has any significant value. Ideally, as an entrepreneur, you have developed your business to another phase where you can take a step back and run it without being part of the day-to-day. I see retirement as a gradual change in activity, not a sudden stop. I don't consider the concept of "retirement" as a complete halt from working. How boring that would be!
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Post by Mariam Tj »

It depends on the definition of retirement that you are talking about. Some eople almost never retire from their passions. So it's a life long committment. But if it is a day to day job, they'll eventually retire from it.
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Tonia Freeman
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Post by Tonia Freeman »

Owuamanam wrote: 01 Jul 2022, 15:38 The author emphasized on retirement for the employed.

What if you are an entrepreneur.

Should entrepreneurs also retire?
I think that answer would be different for each person and also for each line of work. Is the work physically demanding? If so then yes, you only have one body, and if you can afford to retire when you're in good health then that is important. If it's more mental and you get enjoyment out of it I see no reason that retirement is a must. Maybe they just cut back hours.
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Jona00baka
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Post by Jona00baka »

Yes. An entrepreneur needs some rest from a full-time commitment at some point in life. They need to relax and just do it for fun and not as they used to do it in the past.
hana0112
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Post by hana0112 »

I think they should, although it may be more difficult. Self-Employed is still 'employed and thus still working. Retirement is making the choice to lean back and take a rest. That's something that depends more on whether someone wants to continue working or not and less on their 'type' of work.
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Cherrie Rosaldo
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Post by Cherrie Rosaldo »

I think so. Even if you're self employed, you need retirement to spend your time with your loved ones. But as for me, if I grow old, I try to still write on my blog to keep my mind active. Blogging is my happy pill :D
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Post by Jumana_Fawmi »

Of course self employed and entrepreneurs also should retire. Though there's a bit more work on planning for entrepreneurs than employees with searching for a retirement plan it is completely possible. And i think they can be retired yet useful with a minimal involvement.
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Post by Rita Nuncia »

Being an entrepreneur myself I would say “Yes of course”. I don’t plan on working till I get old and die. I have a plan. But honestly, that is why at some point you will have to get an apprentice or employ workers to take over your own role. You did be retired and the money will still be rolling in.
Achiever Tandoh
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Post by Achiever Tandoh »

In my opinion, every professional has the right to retire. In fact, I'd say it's imperative. Entrepreneurs are no exception. Being an entrepreneur is not an easy task, they also wear out at some point. They deserve their share of relaxation and a carefree life.
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Post by Rex Rexy »

Even as an entrepreneur, there are points where your body can't cope with the physical demands of the day to day running of a business. At that point, it is advisable to retire. You can just act as in an advisory capacity.
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Post by Summer Henrietta »

Entrepreneurs are humans too.
They need this retirement plan but who will stand in for them in their jobs if they do?
Well, I believe they will have definitely have to reduce workload and the amount of task they do but then, if you love your job, why reduce the amount of fun you do while working?
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