Retirement Entrepreneurs Blog

Comments, rants and tips on baby boomer small business ideas
and working after retirement.


Author: Ingvar - Retiree In Training  


Working after retirement

Tag Archives: business



Of course your retirement business should be "Part-Time". You are retired from your day job. Why would you want to go back to the grind of a full time job? Keep in mind, if your business is so much fun and exiting that the hours just vanish into thin air - it's OK. Then it's a life style.

What is part-time to you? 10 hours a week? 20? This should be part of your ...
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Most entrepreneurs build businesses with the thought of selling the business at some point in the future. Which is of course the perfect exit strategy. IF the business is easy to sell. One of the roadblocks in selling a business is if the owner is the business brand. If you own Joe's Investment Advisors, YOU (Joe) are the individual people seek out for advice. Often from referrals from friends and clients. A business like that ...
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Like many budding retirement entrepreneurs you want to start a business. Any business. You might have a plan already, you know what business you want. Retail? Online - whatever. Here's what you need to ask yourself:

Are you able to weather the economic roller coaster? All businesses experience ups and downs. The ups are great, the down painful. Do you have enough money to handle the downs? Are you emotionally ready for the down ...
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Unless you are wealthy and do not need extra money, and are fully satisfied with your retired life - more than 50% of retirees start a business - and more and more pre-retirees go on their own. Here are some reasons why:

You will never get laid off. Being your own boss, you can't be fired. Sure, you can fail, but it's on you. Only you can decide to quit or not.

You ...
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These are the top business to start in retirement in 2011 based on some research and surfing the blogs:

Candy. Yes, good old fashioned candy. Candy is comfort food and won't go away even in a deep recession. Retail sales of candy increased 30% last year in spite of the doom and gloom.

iPhone Apps. Last summer Apple launched the App store which topped $30 million the first month. It is projected to ...
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The economic downturn seems to keep people working longer. Many baby boomers work past normal retirement age, and that is a good thing - for the economy. Maybe not so good for us who want to retire? Apparently there is a looming labor shortage in Canada and many other countries. By having boomers work longer - it seems to postpone the inevitable labor shortage.

On the other hand, there are many boomers who do ...
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I have used an iPhone for about a year and love it. I am of course a tekkie. I got hooked on some very useful apps right away, and now we got an iPad as well. The question that came up is how to make money with mobile apps? One way is to create an app and sell it. Like a guy in Norway who created a flashlight app one evening and have sold thousands ...
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Whatever business you run or want to run in retirement - here are a few tips to help you succeed:

  • If you are just starting out - don't quit your day job.
  • Focus marketing on the most probably targets
  • Create your own financial plan, don't depend on others
  • Go where the money is - niches - willing buyers - people in trouble
  • Network all the time
It's easy to get caught up ...
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It's simple. Your own network of contacts is always a great starting point. But I would advice to approach them carefully. I know several people, one an establish attorney - who got coerced into believing that multilevel marketing was the retirement savior. He went out to everyone and preached. I think he lost most of his close friends because he didn't take no for an answer.

Take a look at your business. Is ...
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One thing to consider when you operate a business in retirement is to work with your spouse or other family members. This will allow you to work your business while keeping in contact with family. Paying family members can be a bit of an issue tax-wise, but your accountant can help you there.

Working with family members OR bringing them in as partners can also help spread the risk and raise more starting capital ...
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