10 Retirement Business Ideas

It is becoming more and more common for retired people to start their own businesses. The purpose can be anywhere from just making a few extra dollars to finally having the time to test out that business idea you have had for years.

Just to get you thinking here are some ideas to get you started:

Consultant

Why not put all those years of experience to work for you. Some form of consulting is probably the most common form of small business in retirement. The nice thing about a consulting business is that it can be as big or as small as you want. You can do it part time, and sometimes seasonally. For many people their first consulting customer is their previous employer, who likes the idea of still having your skills available on an as needed basis.

Life Coach

A Life coach is similar to a consultant except the goals may be different. The field is growing rapidly and there are many variations of work. There are online training courses and certifications available if you want.

Bed and Breakfast Owner

When I think of a bread and breakfast I think of a beautiful Victorian home with incredible breakfast croissants and impeccable service. That certainly is a possibility, but another might be something much simpler. Do you have a spare room you could rent out for a few days a month and make some extra cash. If you live anywhere near a tourist area that may be a possibility.

Home Inspector

Do you have a background in building or construction? A Home Inspector business may be just right for you. Regulations and requirements may vary depending on your location so you need to do your research first. Then a little marketing to local realtors could get you started.

Online Business

There are many forms of online businesses being started today and many can be perfect for retirement. Some allow you to work from anywhere, which is perfect if you want to travel.

Freelance Writer

Did you always want to write? There is a need for all kinds of writers, from novels to all kinds of web content. New forms of publishing even allow you to publish your own books on Kindle and similar devices.

Senior Care

With all of us aging baby boomers there will be a need for all kinds of senior services. Just use your imagination and look at what are the needs.

Crafts

Those crafts that you never had enough time for can become your retirement business. Check out sites like Etsy.

Tutoring

If you are a retired teacher, or simply like to work with students you may want to start a tutoring business. Again do your research and check any applicable regulations.

Pet Sitting

We all love our pets and many people do not want to put their pets trough the stress of boarding at a kennel. Pet sitting can take different forms. Some sitters stay in the house of the owner. Others go over a few times a day to let out the pet and spend some time playing with them. The nice part about this business is that once owners get to know and trust you the business just keeps coming back, year after year.

House Sitting

This is another business where once customers get to know you the business just keeps coming back. It also can give you the opportunity to visit new places.

What are your business ideas?

The ideas above just scratch the surface. What will be your retirement business?

Until next time…