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Key Takeaways The momentum of entrepreneurship and the satisfaction of business ownership might outweigh the appeal of retirement for many.
Remaining active in business can have significant health benefits, including maintaining mental sharpness and avoiding “leisure sickness.”
Continued work allows for ongoing innovation, team enjoyment and the opportunity to give back to the community.
Whether you are a serial entrepreneur or have spent a lifetime growing a business, there comes a time when you question your next step. Statistics vary, but it is estimated that approximately 4.1 million Americans are expected to retire each year through 2027, which averages to about 11,200 people per day.
There are many reasons that people leave the workforce. Some got a huge payday when they sold their business and are not yet ready to start the next venture. Some retire because they want more freedom to travel and pursue other interests. And for others, health concerns or stress push them to simplify their lives.
No matter what the reason, I believe it is wise to avoid retirement. Yes, you heard that correctly. Here are my top seven reasons to consider never retiring.
Related: The Unexpected Way Retirees are Reigniting Their Passion After Stepping Down
1. You have too much energy to sit on a couch or play endless rounds of golf
It takes a certain amount of energy to run a business. There is a thrill that comes from getting things done. When a small business owner decides to do something, they want to move — really fast! I know that I hate red tape. I hate endless meetings. I hate having to sit and wait for things to unfold. Most of the small business owners I know love the fast pace. Slowing down? No, thank you. That is why the idea of retirement is not appealing. That does not mean that you can’t take time to enjoy life. You just don’t want an endless vacation.
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