When I retired I did not have a lot of super or savings so running a small business was a great way to supplement my pension. It was also a great way to stay alert and I spent most of my life as an accounts clerk and the last 20 years as a website developer. Because of my illness and cancer I had to close my business however still retained the skills.
For a short while I could not look at screens etc as it gave me vertigo and caused some anxiety. As time has gone by I have overcome these and now build websites for small businesses and organizations.
I also setup a few online shops and because I am not looking for them to provide a living for me and just supplemental there is very little stress and just do some marketing every now and then.
I have also created a course on all the different things I learned in my business and if you want a copy head over to https://webmarketingforprofit.com and drop me a line and as a book purchaser will give you free access or pay a small fee and I will send you the USB Stick.
Here is one of my shops using drop shipping https://footfriendz.com
Why A Small Business
Of course it does not have to be a small business as many people have been in offices etc so a business of any kind is a completely new venture. Small does not have to mean a shop as it could be working from home as a temp or virtual assistant.
My Main Tip is Do Your Due Diligence
Setting up a business is all about research. Do you start from scratch or buy an existing business. What is the market looking for etc. In today’s digital world it is a lot simpler to research markets and different ideas.
Remember Competition is not a Bad Sign.
If you’ve been “downsized” or forced to quit your full-time job due to health or other reasons traditional retirement may not be the best thing for you.
Filling the day with golf, gardening, playing cards, or watching reruns of Dynasty is not an appealing prospect for everyone, especially those who have enjoyed a long, rich, and fulfilling career.
Many retirees also find that full-time retirement is surprisingly expensive and their savings or pensions do not provide them with sufficient income for travel or other activities they may wish to engage in.
If you are in reasonable health and don’t wish to while away your hours in retirement for the reasons above, why not start a business?
Odds are you have marketable skills that can keep you active, healthy, happy, and supplement your retirement income. In a minute we will look at some great business opportunities for retirees.
Note that all of these opportunities would work as part-time businesses and can be operated as home-based businesses.
You’re probably thinking I just retired why would I want to run my own business.
Well the fact is today it is much easier to have a hobby type business that does not suck up all your time and can be kept small enough for you to handle.
For example I have a small online shop and build the occasional website. I don’t do a lot of promoting as I just use them to supplement my pension.
Depending on your skill set there are a variety of businesses you can establish. If your good at accounts then a small bookkeeping practice, if your good at odd jobs then join Airtasker. https://www.airtasker.com/
Offer to put together Ikea products to mowing lawns and so much more.
Professionals can also do things like life coaching for the retired, public speaking or write books about your experiences.
There are hundreds of websites where you can add your skills and see what comes along.
Luckily, you can do the online equivalent of “pounding the pavement” thanks to a growing number of resources that connect professionals to people looking for industry-specific services.
Whether you’re teaching a course, fixing furniture, or cutting hair, Logojoy have compiled this list of websites to help you establish a customer base, sell services online, and grow your business.
Social media and the 24-hour news cycle have created the perfect storm of opportunity for creative professionals like writers and graphic designers, who can use their talents to create high-quality, shareable content for businesses and media outlets.
Thanks to a growing part-time economy of freelance and contract workers, it’s easier than ever to market yourself as a professional freelancer.
What is particularly attractive about these opportunities for retirees is that all of them are inexpensive to start and can be operated as part-time, home-based businesses.
Running your own small business can help keep you motivated, happy, and healthy for years to come, as well as supplement your retirement income.
Consider Rent a Grandma
Here’s a way to share two of your best attributes: your love and your wisdom. You can upload a profile on the Rent a Grandma website and start accepting jobs from families for childcare, eldercare, tutoring, being a personal assistant, and more.
You negotiate job responsibilities and payment directly with the families. You can even start a franchise in your area – anywhere in the world. We checked. The world is waiting for you!
Rent Your Parking Space
Maybe you have a two-car garage with only one car, a side driveway, or an empty parking pad. Turn dead space into ongoing income through sites like Parkhound for Australia.
You list your parking space for free with the site and they take care of the rest. When your space rents, they keep a small percentage of your rental fee and send you the rest.
There are many alternatives so now you have the idea go and research.
Try On Demand Ride-Sharing
New websites that promote collaborative consumption are popping up all across the web. Uber is one website that connects car owners with people who need rides. I have met a lot of retirees doing Uber as they can control their income and not affect their pension. You also get to cover some of your running costs. Be sure to get professional advice.
By using your smartphone and your car, you can earn money by giving rides to people in your area. When a request for a ride comes in, you can choose to accept it or not.