We know quite a few people who decided to start a business in retirement, and they’ve been very happy doing it. There are many reasons for doing this but, surprisingly, money is not the number one reason. I was very surprised by this. For most people, the business they got involved with aligns very well with one of their hobbies or interests. It not only allowed them to do more within their area of interest, but it also gave them something to do in their spare time. While some of them just break even with their expenses, a few are doing very well with their business financially.
One of our acquaintances combined his love of golf and photography to create pictures to hang in the country club and restaurant. He put a price tag on them and has sold quite a few. He splits the profits and gets discounted golf. It doesn’t take a lot of time and he’s considering expanding to some restaurants. He didn’t set out to start a business in retirement, but that’s what happened. Amateur painters and artists already do this and it’s a great way to pursue a hobby and create a little cash flow for canvasses and other supplies. The amazing thing is that it is something they would do anyway. We know many retirees who have an inner artist within them. Whether it’s painting or drawing, writing or quilting, everyone should be encouraged to express themselves in some way. It can be incredibly satisfying. If you can turn it into a little business, you’re way ahead of the game.
Many retirees use their love of travel to supplement their income and defray their expenses. Photography is certainly one way to do this but so is writing little articles for local magazines or Chamber of Commerce websites. We have been very fortunate to be able to travel extensively throughout this wonderful country that we live in. It is always a treat to find a little town or restaurant that is truly unique. We have found these places by doing a little research about the area we are traveling to and coming across an article or a website, a travelogue or just a picture that gave us the idea of checking the place out. We are always grateful to that person who took the time to tell us about that place. Why can’t that be you? Why not start a business in retirement that does exactly that? You can share some of your experiences with others and become that person who refers others to a location or restaurant?
Now, if you’re thinking that you need a lot of money to travel, nothing could be further from the truth. Everyone lives close to something that people would travel to see and want to know more about. Local history is incredibly rich with stories and facts that people would love to hear. If you want to start a business in retirement, the best advice is to start small and expand as you go. Starting with local places and creating a series of articles or picture essays is a great way to see if you like this sort of thing. Will you make a lot of money? Probably not at first, but if money is what you’re after, you might be better off just getting a job that has some interest to you. As I’ve said throughout this website, the best advisor is yourself, but you have to know yourself and what makes you happy. Incredibly enough, many people never get to know themselves as well as they should.
If you’re going to start a business in retirement, make it something that appeals to you and try it out first if that’s at all possible. It’s exactly what I did with this website, and I have never regretted it. The amazing thing is that it’s open 24 hours a day every day of the year and I never have to worry about being there to greet a customer. It’s about something that I have a great passion for and want everyone to enjoy. To me, retirement is the ultimate celebration and people should love it. Forty years of working for someone else should allow you to do something that you want to do. If you don’t want to start a business in retirement, then don’t! That’s perfectly fine. But, if you’ve considered that idea, you might want to think about having a website that is tailored to your interests and gets you excited. If I had the time, I would have a dozen of these types of sites because I have that many interests. Who knows, by this time next year I may have more than one. With time to read and travel, I have so many things that I research and love to learn about that I very well could turn that interest into a business. Retirees are doing it all the time.
If money is your concern, you’ll be very surprised at how little it takes to create a high-quality site and, if you don’t think you have the technical skills, there is one company I recommend who will walk you through every step. Why not start a business in retirement? It’s easier than you think and there is great satisfaction in watching more people come to view something you’ve created. While I don’t emphasize the amount of money you can make within this site, I will say there are companies that specialize in helping people achieve almost any income goal that they have. And that includes many retirees who have decided to start a business in retirement. Why can’t that be you? It’s time to Enjoy Retired Life.
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