Page 7 - THE NOTICEBOARD JULY 2020 EDITION 60

September, 2010 Page 7
Best Businesses for Retirees to Start

might not be suitable for you. are uniquely suited to start
A d d i t i o n a l l y , o l d e r tutoring businesses. With
entrepreneurs should consider c o m p e t i t i o n b e c o m i n g
how much time will be required increasingly fierce at top
for a particular venture. When colleges, a growing number of
selecting a business to operate, parents are paying big bucks for
be cognizant of the number of private tutoring. Seniors can
hours you want to spend capitalize on this trend by
working versus spending time offering subject matter tutoring,
with grandchildren, on leisure SAT prep, college essay writing
activities, or traveling the world. support, and more. As a bonus,
In addition to considering your you can set your own rates and
finances and health, before you hours and tutor only as many
settle on a business to start students as you desire.
consider how big a business Writing and Editing
you'll want to start. Although I f y o u h a v e g o o d
some seniors might be interested communications skills, you
in starting a business with may be able to make extra cash
employees and office space, if
any retirees are you're retired or near retirement
turning to business a lifestyle business may be more
Mownership as a way to to your liking. A lifestyle
stay busy and active as well as business is one that provides helping businesses -especially
supplement their retirement enough income and free time to small businesses – with their
income. let you enjoy a desired type of c o m m u n i c a t i o n s n e e d s .
When it comes to working in living. Is a senior with social Businesses may need copy for
retirement, it's worth noting that security, pension, and savings, the company website or blog,
not all businesses are created that might mean just working publicity releases, sales
equal. Some industries require part time in a business that materials or manuals written or
higher startup costs in the form evolves around your personal proofread.
Online Courses
of supplies, staff, and rent on skills or hobbies. The online learning/training
brick-and-mortar shops. If Here are some of the best market is expected to exceed
you're a senior thinking about retirement business ideas: $200 billion by 2024. If you have
how to start a business, consider Taxes and Bookkeeping
a skill that other people would
your financial limitations. In Many entrepreneurs need a little
pay to learn and you're good at
particular, retirees should be help managing the books. If
explaining things, you could tap
wary of taking on debt during your day job involved
into that market by turning what
their golden years or depleting accounting or tax prep, then you
you know into one or more
their retirement savings to start might want to consider courses to teach online.
a business. providing financial consulting
Your health is another thing to services in retirement. Not only
You can sell your courses
consider. In deciding on a can you start this small business
through online marketplaces
business to start, honestly with little to no capital, but you
such as Udemy, or through your
evaluate your physical ability to can perform your services from
own website or other platforms
do the work. For instance, a home or anywhere else with a
for course delivery. Once the
business that would require you Wi-Fi connection. courses are created you primary
to stand for long periods of time Tutoring time investment will be
or do a lot of bending or lifting, Retired teachers and librarians Continue on pg 8