#3 Identify your weaknesses

The understanding of the areas were you lack expertise and the constant practice to build up in that area is aspiration for all entrepreneurs. When it comes to the use of effective use of modern technology we see a wide gap between the entrepreneurs of twenty first century and those who step who start their ventures after their fifties. The lack of knowledge of internet social media and the constant invocation about their weaknesses erodes away the confidence when in front of the tech savvy new generation. Thomas was shy about giving sales pitches and speaking in public. "Just standing around talking to the guys; I'm pretty good at that, but speaking with customers" he says. The shortcoming on one hand must be matched by hiring the right candidates who can bring up the business.

#4 Find time to still enjoy retirement

Striking a balance between work and life is highly important for any important and is of more importance when it comes to aged entrepreneurs taking into consideration their energy level. Hiring sufficient employees who can manage even in your absence would be considered to be the most ideal solution. Staffs that can fill the schedule without disturbing the system will help you take leave and find time for yourself to unwind without putting the success of your company at stake.

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