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For many persons, retirement in the traditional sense of sitting at home and not working is a thing of the past. In fact, many persons are now retiring from one career and starting fresh in their own business!
On this episode of #FinanciallyFocusedMONEYTALK, we discuss how you can make retirement a time of new beginnings to create wealth. Host #DenniseWilliams and guests #DuaneLueFung, #ElizabethTerry, #DinoHinds and #DrCarolynHayle share their thoughts on the topic.
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In this episode, the key points are:
Belief is the main thing that can make you successful , you should be aware if you have #PossibilityBlindness . If you start a business in the industry where you have served in your lifed then consider if you are merely technically competent and need support in other areas. However, technical competency makes your organization successful , its better to choose the field where you have a technical competency . If you are a technician in the same field and you are much aware of what makes it successful then your chances of improving will be high. You should adapt management and leadership skills for your team and brand . Management and leadership skills will help you balance out the technical skills to be successful .
Another point of caution when starting a business in retirement or at any other time in life. The “one man/woman army” approach is the formula that is behind the destruction of the companies , The One Person show means that a single person is interrupting and influencing the whole organization. That one person is having control on each thing is great but when things are dependent on you, that means you there are no other ideas coming forth to grow the business . Team is the key to success.
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