Self-Employed.

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

Post by Laura Weber »

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?

You know? I am a retired woman from Argentina, where life is not easy. I completely agree: everyone needs to do something useful for the community. Days can be so long, so boring! All of us need to rest when the years take their toll in bones and flesh, but our brain and soul need to do something, and we must listen their claim. Entretepeneur, selfemployed, employed... Life does not end with the retirement. (Please excuse my mistakes(
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Post by RHD »

Definitely. As a matter of fact, the self-employed or rather employers, should be able to leave their income-generating activities to their young or trustees as early as possible. Nowadays, most people don't think they should retire, but they should.
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Post by Mr Excellence »

Marsha JJ wrote: 01 Jul 2022, 17:33 To answer your question, here's an idea. What if "retirement" is an outdated concept? If your work is really enjoyable, why ever stop? Some of the people in the world with the longest lifespans (such as in the Blue Zones), stay active in some form of work (such as farming, or gardening), and researchers have found that the sense of "community" their provides helps them to stay healthy and happy. So, I would say that whether you have a job, or are self employed, or are doing unpaid volunteer work or a working on a creative pursuit, as long as you enjoy it, why stop?

I think it's also vital to recheck the meaning of the word "Entrepreneur" and "Self-employed".
I don't see any need to retire from something I love doing without pressure from any body.
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Helen Akoth
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Post by Helen Akoth »

When self-employed one usually have that freedom to decide when or whether to retire. The decision is not as fixed as when one is employed. So it is usually upon the self-employed people to decide when to retire, as there is that flexibility.
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Post by Aditii Mehta »

Yes, entrepreneurs should retire. But, if that person is happy continuing his work then retirement should not be a compulsion. He should work as long as he wants to.
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Post by Francis Omotayo Aderogbin »

I believe entrepreneurs should also have time to retire. At this time, they won't be involved directly in running the business. They would just be a supervisor and enjoy their time off. So, yes, a self-employed too should have retirement time.
You are yet to be the best version of yourself. Keep refining.
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Post by just_joy »

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?
The author talks widely about financial planning and the outcome.I learnt that when one is in control of the finances ,one can build strategies on how to save,as little as the salary or wages may be.The savings can later be used to establish a business and that's how you land yourself a self employed job
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Post by Fredrick Felix Mnjala Maneno »

I think that entrepreneurs should retire, at the right time. After all it's just like any other job and everyone has the right to enjoy their hard earned money at some point; what better time than when one retires.
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Post by princejal »

While I do feel like the concept of retirement for entrepreneurs would be different than the one for employed workers, I still believe in retirement for all. As a simple point of fact, one can't continue to work forever. There has to be a state where one can simply hang up his gauntlet and say yes, the work is done or else what are we even working for?
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Post by Stevenmusk »

Everyone needs a plan for retirement as it is a strategy for making your money work for you and your family when you’re no longer fit to work and this is even more so for entrepreneurs because they have to test that the business or legacy they have built can sustain them.
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Post by Zoe Tladi »

Yes definitely, entrepreneurs should retire too. However, I think before you can retire as an entrepreneur you should develop a life goal plan and have an exit strategy.
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Owuamanam Eberechukwu
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Post by Owuamanam Eberechukwu »

The Olynks wrote: 29 Jul 2022, 03:10 Yes absolutely! Entrepreneurs are workers too, although it's a bit different and in the end, they should also retire.
Beautiful point of view. The bottom line is to always make yourself happy. Be happy and work towards your happiness.
"I am learning every day to allow the space between where I am and where I want to be to inspire me and not terrify me."
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Nwaka Chukwuemeka
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Post by Nwaka Chukwuemeka »

Depending on your viewpoint, persons who are self-employed can also retire. The self-employed can retire if you approach it from the perspective of taking a break, but if you approach it from the perspective of being released from your obligations, the self-employed won't retire. An entrepreneur can forgo going to the workplace and yet run the company.
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Post by Sydney Ash »

This is a great question. I think it really depends on the planning they have put into it. Obviously, being an entrepreneur requires a lot of independence. Typical corporate jobs give you a pretty structured retirement plan where an entrepreneur might not have that. As long as they have a strong plan and a person to pass their ideas and business onto.
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Post by Raquel Sojo »

Of course! It even seems to me that as an entrepreneur it is more important to plan for the future by not having all the formal benefits services that traditional jobs have. The entrepreneur must prepare himself to secure his future and enjoy the fruits of his labor.
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