One of the most successful managers in the history of British soccer is Alex Ferguson. The coach of Manchester United has won a staggering amount of trophies and titles during his 20+ years as manager of arguably the biggest soccer team in the world. Somehow, at ages 72, he manages to outwit rival coaches half his age while teaching the game to young men in their late teens. A few years ago, a journalist asked Ferguson doesn't retire now seeing as he's won every trophy imaginable. Ferguson's answer, to paraphrase:"Because when I'll retire, I'll die".
Blunt words, surely, but a statement that many facing into retirement would definitely agree with. After 30 - 40 years doing the same job, what happens to the body and mind when there is simply nothing at all to do but lead a leisurely life? Does one simply lose touch with the world and gradually fade away? One thing few retirees realize is that the end of a career does not have to mean the end to your working life. Franchising presents many, many opportunities for recently-retired people seeking a new challenge in business and in life. There are businesses that can be operated from home, at the leisure of the entrepreneur.
Co-founder of College Hunks Hauling Junk Nick Friedman has penned a pretty interesting article on the power of baby boomers in franchising. He provides 3 reasons why baby boomers are right for franchising:
- Boomers have the right skill set.
- Motivation to be the boss.
We recommend reading the article and listening to Friedman's argument for why baby boomers are perfect-suited to franchising. Ultimately, retirement can be a beginning, not an end.