“This crisis is forcing family businesses to make trade-offs among objectives that would have previously been unimaginable — all while dealing with the complex dynamics of a family.”
“No question or issue is too big or too small,” Rebecca Wiggins, AFCPE’s executive director, says. “People can come if they just have questions, want to finally get some assistance to make a realistic budget or if they are really struggling and don’t know where to even start.”
Many of us, especially those in our 50s or 60s, are now very worried about our money due to the pandemic.
The pain and uncertainty of the impact of the coronavirus on small business owners is staggering and likely to be substantial. Entrepreneurs are being forced to take drastic steps to continue operating and many are fearful about their futures.
Assess when, how and if you plan to retire. Many of us want to keep working beyond a traditional retirement age for the mental engagement as well as the money. You might be thinking of retiring from a primary career and launching an encore one or even starting a business. Once a year, think through your plans.
For your financial health and prosperity in the year ahead, there are a few critical dates to put on your calendar and steps to take for them:
A co-working space, of course, is appealing for new entrepreneurs of all ages. It’s practical for owners on a tight startup budget who want to surround themselves with other creative small business types. But for those who want a more tranquil setting, the Greenhouse model is a win-win.
There’s something about entering the fifth decade, or later, that spurs a desire in many people to soul-search about what truly provides meaning in their lives and how they can help solve thorny social problems that disturb them. It strikes the chord of big cosmic questions such as “Is this all there is?” and “What will I be remembered for?”
“It enables them to earn income, continue saving for retirement and bridge savings shortfalls — with more free time for personal pursuits,” says
Catherine Collinson, CEO and president of the nonprofit Transamerica Institute.