When you retire, you might assume that your networking days are behind you. However, getting to know people and making strong connections continues to make a difference all throughout your golden years. Here’s a look at some of the things you might want to do in retirement - and how networking can make them better:
Starting a Business
Networking has the most obvious advantages for seniors who want to use retirement as an opportunity to create their own business. Networking is always essential in business ownership, since it allows you to connect with the people and businesses your business will need to thrive. Take advantage of the connections you’ve made throughout your career to support your entrepreneurial goals. You can reach out to peers to find good candidates for roles in your company. Business owners who network properly can get a lot out of the process, so don’t be afraid to get in touch with people about your new enterprise.
As you’re learning how to start a business in Virginia, you’ll also need to consider which business entity works best for your fledgling business. Many new businesses choose to set up as an LLC for its asset protection and simplified tax filing. Keep in mind that you can use a formation service to file your LLC.
Picking Up a Hobby
Retirement is a great opportunity to explore hobbies and activities you didn’t have time for while working. However, getting started with a new hobby can be pretty intimidating. No matter what you’re trying to learn, odds are there’s a steep learning curve at the very beginning.
That’s where networking can come in handy. Try to find a community of people who practice the hobby you hope to pick up. Not only will you get to make friends with people who have shared interests, but you’ll also have people you can turn to for advice, resources, and tips to help you learn all you can about your new hobby!
Caring for the Community
Networking is also a great tool for seniors who want to use their retirement to give back to the community. Get in touch with local nonprofit organizations and let them know you’re interested in volunteering your skills and time. Take opportunities that suit your abilities and interests, and use those as a jumping off point for more volunteering down the road.
For example, if you spend a day working with adults with developmental disabilities, you’ll get to know the people you’re working with and the other volunteers along the way. Any of those people may know of other volunteer opportunities that would suit you. Let people know you’re interested in helping others out, and you’ll find plenty of needs you can meet.
Finally, a strong social network can be extremely useful when it comes to staying active and healthy in your golden years. Exercise, for example, is a lot easier - and generally, a lot more fun - when you’re working out with a partner or group. Finding other seniors with similar physical goals can be a great asset when it comes to keeping fit.
Moreover, your network can help you find referrals to good medical care. There are a number of health issues that tend to crop up in your senior years that you’re probably not already familiar with. When you have trusted friends you can talk to about your health and wellbeing, you have excellent resources for professionals who can help you manage any medical concerns that come up.
Networking still has plenty of uses for retired seniors - indeed, it could be the key to a truly satisfying retirement. We hope this article helps you figure out how to take advantage of networking and use it to get what you want out of your golden years!
Centaurus Financial can help you build, manage, and preserve your wealth so you can achieve all your retirement goals. Call (910) 363-4548 to schedule an appointment.
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