Congratulations! You’ve finally retired and moved to the desert, beach, mountains, city or some other dream retirement location. Fortunately, you’ve saved up enough to buy a great retirement home.
However, you still need – or want – to make money. But you certainly don’t want another job; you’ve had enough bosses for a lifetime.
So start your own business!
The First Rule of Retirement Business: Don’t make too large and risky of a financial investment – unless you have a lot of money or you’ve run companies before. Start with businesses requiring little capital, such as:
Consulting. Especially if you have professional or technical knowledge, consulting is the least expensive and least risky way to begin. All you need is a business card and a place in your home to work.
Service businesses. With lower upfront costs, service businesses ease you into an industry and help build up a customer base. Instead of opening a restaurant, start as a personal chef or caterer. Rather than plunging into real estate speculation, begin with property management services.
Sales. If you’re outgoing, becoming an independent salesperson is an extremely low-cost way to launch a career.
The Second Rule: Before you decide on a retirement business, be clear about your financial needs.
Do you need money to be able to pay your basic bills? If so, as you evaluate options, place the highest priority on the potential for steady, reliable income.
The Third Rule: Lifestyle considerations matter! If your retirement business income primarily supplements your other financial resources (such as a pension and/or investments), make sure your business choice meets your personal needs.
Photo by MSDesigns.
Dunkin Donuts – How to open a Franchise
How to open a Dunkin’ Donuts Franchise In case you hadn’t noticed, Dunkin Donuts is on fire lately. They are opening stores it seems everywhere and delivering up some of the best tasting donuts and coffee in the world. Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. […]
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Haney Hitting – Become a hitting coach
You don’t need experience to become a VERY successful hitting coach. Our system will teach you how!! Did you know the average hitting coach makes upward of $90 per hour teaching young players how to become better hitters??? That’s working part time and the average. Just imagine with good coaches make!!! Watch our video below […]