EntrepreEntrepreneurship Knowledge, Challenges, and Sustainable Entrepreneurship Framework for Retirees: A Systematic Reviewneurship Knowledge, Challenges, and Sustainable Entrepreneurship Framework for Retirees: A Systematic Review

Introduction, Methodology, Result and Discussion, Discussion, and Conclusion.

Abstract

Abstract
This study conducts a comprehensive literature review to clarify knowledge dynamics,
obstacles, and the need for a customized sustainable entrepreneurship framework for retirees
in response to the notable increase in post-retirement engagement in entrepreneurship. Using
the PRISMA procedure, 24 academic publications in the field of retirees and entrepreneurship
were examined. Important conclusions highlight finance as the most common knowledge area
and the biggest obstacle retirees encounter while pursuing company endeavours. Aside from
taking risks and adapting to them, other essential knowledge areas include innovation,
managerial proficiency, creative thinking, competitive analysis, and market insight. Retirees
face obstacles beyond money, such as health issues, age-related biases, government
regulations, disparities in technical proficiency, and risk comprehension. The study also
explores five models and frameworks that are now in use for successful retiree
entrepreneurship, pointing out elements like networking, cultural orientation, entrepreneur
competency, resource prioritizing, awareness, and technical orientation. The study offers a new
conceptual model by combining insights from these models and frameworks with the
recognized knowledge areas. This model is a useful tool for retirees who are starting their own
businesses or who are already in the process of starting one. It also adds to the body of
knowledge in academia and has applications for educators and policymakers who want to
encourage and promote entrepreneurship after retirement.