Some people wait to retire- the idea of enjoying their life without having so much to do on a daily basis seems excellent. But when they reach that age, they realize it might not be as enjoyable. They might end up feeling unproductive too.
If you’re in the same boat and are thinking of doing something great with your life as a retiree, this guide by Bill Schantz can give you some helpful business ideas.
Bill Schantz on Business Ideas for Retirees
Starting a business as a retiree is not as challenging as you think it is. There are so many things you can do that can help you earn.
1. Teaching
Teaching is a great idea to help you earn. You can start off depending on what you are good at and most interested in. For example, say you’re great at numbers; you can start teaching math to people. Not only does this help you remain productive, but it also helps you channel your energies in the best way.
2. Selling Paintings
If you have a creative side to your personality and like painting, it is a great idea to start selling your paintings. Seeing people appreciate your work and be willing to pay for what you make can be very rewarding.
3. Growing and Selling Plants
You’ll be surprised to know that many nature lovers are out there. If you like plants and are just as appreciative of nature, then you can grow plants at home and sell them.
4. Buying a Restaurant Franchise
You can buy a restaurant franchise if you have enough capital to invest. Bill Schantz says that the best part about buying a franchise is that people already have a fair idea about it, so you don’t have to spend much on marketing to create the awareness you need. So if you are a foodie, this can also be a great idea.
5. Financial Advising
If you have worked in the financial sector, then chances are that you have an expansive knowledge base on that. So you can start as a financial advisor for individuals or companies looking to diversify their portfolios or manage their finances. Bill Schantz says that this is one of the most financially rewarding business ideas.
6. Mentoring
As someone with years of experience, you have certain expertise in a particular arena, depending on what you worked as. So you can start helping others who are looking for direction in life.
7. Photography
If you have a keen eye for photography, it is a great idea to start as a freelance photographer. You could market yourself as one on social media, which can also help you make a handsome amount.
8. Pet Sitting
If you like pets, it can be a great idea to start pet sitting for those who want someone to look after their pets while they are away.
Final Thoughts by Bill Schantz
These are only a few of the many business ideas by Bill Schantz to help you get started. Think about what you are good at, and then start trying to earn on those lines.