Discover the steps to transform your creative pursuits into a successful business
- Turning hobbies or passions into a full-time career is possible in retirement
- Consider financial implications and develop a business plan
- Tap into your network for advice and guidance
- Learn from experienced entrepreneurs in your field
- Embrace the sense of purpose and meaning that comes from pursuing your passion
Retiring doesn’t mean giving up on your dreams. Many retirees are finding ways to turn their hobbies or passions into full-time careers. Whether it’s music, writing, winemaking, or any other creative endeavor, here are the steps to make it happen: – Consider the financial implications and develop a business plan – Tap into your network for advice and guidance – Learn from experienced entrepreneurs in your field – Embrace the sense of purpose and meaning that comes from pursuing your passion By following these steps, you can transform your retirement into a fulfilling and profitable chapter of your life.
Public Companies: Target (TGT), CVS (CVS)
Private Companies: undefined, undefined
Key People: Courtney Burton (retail merchant), Donna Marie De Carolis (founding Dean of the Charles D. Close School of Entrepreneurship and the Silverman Family Professor of Entrepreneurial Leadership at Drexel University), Marshall Vanderburg (farmer and writer), Chris Farrell (senior economics contributor for American Public Media’s Marketplace)
Factuality Level: 7
Justification: The article provides personal anecdotes and examples of individuals who have turned their hobbies and passions into full-time careers. It also includes advice and tips for those considering a similar transition. While the information is based on real experiences, it lacks statistical data or broader research to support its claims.
Noise Level: 3
Justification: The article is focused on the personal experiences of individuals who have turned their hobbies and passions into full-time careers in their later years. It provides examples and insights into the challenges and rewards of pursuing creative endeavors as a business. The article stays on topic and provides actionable advice for those considering a similar path. However, there is some filler content, such as the mention of the text-to-speech technology and the reprinted permission information, that is not directly relevant to the main topic.
Financial Relevance: No
Financial Markets Impacted: No
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not describe any extreme events.
www.marketwatch.com 
