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Building a Business in Your 60s: Strategies to Beat Fatigue and Financial Stress

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Andrew R. Michaud

• December 23, 2023

Are you in your 60s, single, and feeling the strain of a job you no longer enjoy? The stress of your current employment, coupled with the possibility of being let go at the beginning of the year, can take a toll on your mental and physical well-being. But don't worry, there are ways to navigate this challenging situation and still pursue your business dreams.

Prioritize Stable Income and Plan for the Future

It's crucial to have a stable income, especially if you rely on it to support yourself. Before diving headfirst into your business venture, consider securing a back-up plan. Look for alternative job opportunities that not only provide financial security but also come with additional benefits like healthcare and retirement accounts. Finding a job that you enjoy more can make a significant difference in your overall happiness and well-being.

Minimize Costs and Take Control of Your Finances

While waiting for your business to take off, it's essential to keep your financial obligations in check. Minimize additional costs associated with your start-up as much as possible while you navigate uncertainties with your current employment. Prioritize paying your bills and reducing existing debts whenever feasible. By gaining control of your finances, you can alleviate some of the mounting stress and set yourself up for success in the future.

Formulate a Business Plan

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