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Retirement's For Old People

July 2nd, 2009 @ 3:03 pm

5 Comments

Categories: Entrepreneurialism, Executive Focus, Management, Marketing, Opinion, Rant, Strategy, Wisdom, Workplace

Tags: Retirement, Blogging, Consulting, Investment, Personal Finance, Entrepreneurs, Steve Tobak

In 2003 I announced my retirement from the corporate world. Not to anybody in particular, since nobody really cared. That is except for my wife, who cared very much that I was about to invade her space at home like a horde of marauding Huns.

I was only 46, but after 23 years in high-tech, including 10 as a senior executive and millions of air miles, I felt completely exhausted. I needed a break. A long, long break.

But my retirement wasn’t my father’s retirement. Within a year I had a consulting firm. A few years later I started blogging for CNET. Then came a book project and a new blog with BNET. Whenever I get a new consulting project my brain lights up like it’s on fire and I’m suddenly full of energy.

I used to wonder what I was smoking when I dreamed up this idiotic kind of retirement - working my tail off just as I did before. Then I remember I didn’t actually dream it up, it just sort of happened.

I think about the financial crisis, the haircut our investments and home valuation have taken, the uncertainty and almost certain inflation ahead. And I can’t believe I had the foresight to stay engaged the way I did. Except it wasn’t foresight, just dumb luck. 

I see truly retired people giving blood at the Red Cross or taking their daily walks on the rural road where I live and work. They go on vacations, take up kayaking and yoga. It sounds great … for them. But it’s not for me.

I have a retired business friend named Phil. Phil has a lot more money than I have. He has three homes, including one in Paris. He once told me there are two reasons why people don’t retire and they’re both tragic: either they can’t afford to, or they have no other interests but work. Maybe Phil’s right, but when a friend recently called us both to get involved in his new startup, Phil’s neurons seemed to light up just as mine did. And yes, he bit.

At this point, I’m still only 52, and I have no idea how long I’ll go on like this. But I’m having a good time and besides, my wife loves it when I get out of the house and she has it all to herself, like the old days. So I guess, and this is definitely subject to change, I’ll retire when I can’t do what I love doing anymore, or when there’s no market for it. Will I feel sad or fulfilled at that point? Your guess is as good as mine.

 
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  •  
    1

    Dryad

    07/02/09 | Report as spam

    RE: Retirement's For Old People

    Good luck on the startup. You need an angel funder. According to a Financial Times interview in May (?), the number of VC investments in 2009 is 50.

    In 2008 it was about 8000.

    Entrepreneurs, if you don't have an angel, you're SOL and it will get worse. As interest rates rise, since the governments are printing more money, would you rather put your money in 16% Treasury note - remember Jimmy Carter - or invest in new capital or a startup?

    Stagflation here we come.

  •  
    2

    Steve Tobak

    07/02/09 | Report as spam

    RE: Retirement's For Old People

    Oh, it's very well-funded. And I'm just consulting.

    Definitely a tough time to raise capital, though.

    ST

  •  
    3

    meldot

    07/03/09 | Report as spam

    RE: Retirement's For Old People

    Sounds like you've read my book! I retired from dentistry at age 44 (14 years ago) and started a consulting business (having nothing to do with health care.) I love what I do including writing several books, blogs, and articles. We moved to a 55 and older community last year and few neighbors understand why I'm still working feverishly. It's crazy - because it doesn't feel like work. I don't get up dreading what I do but look forward to dreaming up new projects and working with clients (by phone and email mostly). Life is great not being retired.

  •  
    4

    LoriDryburgh

    07/03/09 | Report as spam

    RE: Retirement's For Old People

    There is a guy in Canada, Dan Sullivan, (The Strategic Coach) who explains: If retirement is about doing everything you love to do and are good at ... and if you're an entrepreneur who gets to do just that ... then this is retirement.
    The definition of retiring something usually means that it has ceased to be "useful". If you believe that, then God forbid one should ever be "retired". I certainly don't plan to be.

  •  
    5

    David Hunkins

    07/03/09 | Report as spam

    RE: Retirement's For Old People

    It is good that you have retired but are still working. I am in
    the same mode and dealing with the same excitement you
    are. I do still OWN a small business but I am dealing with it
    as a Return on Investment Plan.
    My primary Job now is to use my Wisdom years to help with
    our ECONOMIC SOLUTION ....as ROME IS BURNING!
    Are you willing to lend a hand to this SOLUTION?

    Could you do an Article that deals with the HOW .......I mean
    HOW to work toward FIXING our ECONOMIC SYSTEM. People
    with experience, such as we are, in Business Savy need to
    help formulate an awareness....concept of correction...and a
    sure fire guide, in principle, to the long term solution.

    Again...it is all about the CONCEPT of our Economic Repair
    PROCEDURE that should be on the minds of all of us at all
    levels.

    Read my simple short form answer...does it agree with your?

    Simple steps would include:
    1) Economics 101Education from the Bottom up...which
    means families, then the local community....then the
    county...da..da...to the state...and then to the Country.
    2) Define ...in each case... the ENGINE(s) to FOCUS on that
    is the source of what makes the rest happen. Businesses call
    it PRODUCT LINE.

    3) Define..in each case.... what is not the engine and you
    have defined the OVERHEAD of your situation.

    4) Like any successful business.......FOCUS on the PRODUCT
    LINE...and Minimize the OVERHEAD.


    If every entity.....family, community, City..etc that each
    controls their destiny....would follow these simple rules of
    just good business practices...then we could maximize our
    talent affects.....import less and export more in the correct
    balance as all would be more efficient and the world would
    start functioning under a much more stable environment.

    Finally...this CONCEPT seems obvious...but I know that it is
    not being practiced or understood. An example would be the
    reporting on the job situation. The job market stats do not
    identify the TYPE of jobs. If jobs are in the PRODUCT LINE
    FOCUS...they are a plus....if the jobs are in excessive
    OVERHEAD catagories...then that jobs are negative in our
    Economic condition. Everyone wants their job back...that
    can not be..... as excessive overhead in our society has to
    be minimized....da.

    EDUCATE....EDUCATE...EDUCATE........so we can get going in
    the correct direction on all fronts.

    What is going on with the Stimulus Package is an attempt to
    provide a Soft Landing and build necessary OVERHEAD areas
    in our Society at the same time.
    NOW, the real work of getting our PRODUCT LINES IN ORDER
    with necessary OVERHEAD defined is ALL IMPORTANT.

    WE NEED TO START NOW! IF WE DON'T....WHAT YOU
    DESCRIBE AS A POSSIBILITY OF OUR DESCENT IS OBVIOUS
    TO ME.

    If you would like more information...examples etc. ...feel free
    to contact me at any time. I have run a small business for
    over 35 years...so I have experience in all of this. It really is
    all about understanding the basics of Economics...no
    gimmicks...real stuff that everyone can understand.

    Cell: 315-244-3976
    davidhunkins@tampabay.rr.com

    I AM DEPENDING ON YOU TO BE PART OF THE SOLUTION.
    PLEASE LET ME KNOW WHAT YOU ARE THINKING.

    Thanking you in advance,
    Respectfully,
    David Hunkins

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  • Blogger Thumbnail Steve Tobak Steve Tobak is a marketing and strategy consultant based in Silicon Valley. He's a 20-plus year high-tech industry veteran and former senior executive of a number of public and private companies. He also wrote the popular blog Train Wreck for CNET. When he's not airing corporate America's dirty laundry and helping companies solve their problems, Steve likes to play with gadgets and animals and drive his wife crazy. Find out more at Invisor.net. more »

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