Friday, 30 October 2009

Changing Careers & Retraining for Self Employment?

Watching a documentary on Warren Buffett yesterday made me think about the length of my working life and how my self-employment idea sits within this context... I'm a Calvinist so I like the idea of being productive till the very end, doing something I enjoy. If I'm lucky enough to work until 80, that means I have almost 50 years left in my career, either employed or self-employed. (Warren Buffett is 79)

1.Do I still want to nbe working for someone else at 50, 60 or 70?
2.If I don't think my employed life is satisfying, is it too late to change careers or retrain, considering I would like to work (enjoyably) for 40 more years?

Asking myself these questions makes the idea of retraining an obvious choice to lead to self-employment if my current employment does not offer a convertible route to self-employment. It is definitely not too late for anyone under 40 to change careers and become self-employed.

The options for retraining for self-employment is quite wide. Being active in sports, I often wonder if doing something related to fitness, like becoming a self-employed fitness instructor or therapist is the right idea.

The idea of inventing something and taking it to market is even more attractive as a long term self-employment option. I'm quite certain that being an one-woman architecture practice is not quite an economically-sustainable self employment idea so changing careers and retraining is probably the best option as a self-employment idea.

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