The aging entrepreneur

 

There's something that very few entrepreneurs give thought to as we begin and grow businesses. Many of us believe that we are doing great now, and therefore, our own mortality seldom, if ever, crosses our minds. 

This is compounded by the stresses and strains of running a business. The uncertainty, managing expectations and reputations, ensuring that everyone gets paid on time, and the supply chain work smoothly without hiccups. 

For many, we want to be our own bosses, never working for anyone, but it comes with sacrificing your freedom at least in the early years of your business. Before you know it, you've dedicated years in the business and have nothing to show for your efforts. You have realized that you now move slowly, deliberately thinking of the best way to do so without causing too much pain and discomfort. 

You have become old. 

Ageing is something that we all face to various degrees. Some are graceful, others energetic and youthful. Still, others seem sickly and frail. There's something for everyone. Then we die, and there's no forecasting who will go first when the time comes. 

In the wonder years, we give thought to pensions, living expenses, replacement income, medical bills, discretionary income, investment funds, etc. It seems like we are now scrambling to get things done right. We made choices we wished we had done differently. There are a few exceptions, but this is the narrative of many. 

As a quick sidebar, you begin getting referrals to specialists for various checks. If you're observant, as you sit waiting to be seen by the specialists, you realize that their floors are paved with tiles no smaller than 25". My mind wondered about that, and then when I heard the fee for being seen by the specialist, I understood why the tiles were that size. The quoted fees make you stagger, and they don't want you to fall. 

As an entrepreneur, you can be successful. However, you should consider what went before into your planning. Some professionals can help you plan for these eventualities. Research them and prepare adequately. 

Enjoy your weekend everyone. Until next time.