5 Entrepreneur Business Ideas for Retirees and Seniors

Many see true happiness as not having to set an alarm for the next day. But to many, the very idea of doing nothing is enough to drive them crazy. Their never-ending zeal to power through challenging situations and get to their goals keeps them going. For all such adrenaline lovers, quite retirement just doesn’t fit in their plans. Age is just a number for them!

After all, it is not just professional success that drives the mind and the soul, it is following one’s passion, personal growth, lessons, and experiences that matter. So, if you balk at the idea of driving into the sunset in your twilight years, it’s time that you look at a fresh start – again.

Why wait for opportunity when you can create it yourself? 

Take a look at these 5 entrepreneur business ideas for retirees and seniors and see how being your own boss can give you a sense of purpose and inspire others:

•  Good ‘interests’ pay good interests.

Why not turn a hobby into a business?

If you are good at a sport or a musical instrument, coaching lessons are a good start. If you cook, you can start a catering service or a YouTube channel. If you are a cinephile, literature nerd, or art lover, a blog or Instagram account for content curation, an art dealership, or a review site could also be an engaging idea. You can also begin taking workshops on photography, pottery, or painting if any of these are your interests.

•  Mentoring, consulting, advising, and other services. 

Leverage experience from your workdays to establish your reputation as a financial advisor or consultant. You can also start bookkeeping, accounting, landscaping, gardening, home repair, house painting, pet training, pet care, or a freelance copyediting business among others.

•  Become an angel investor, buy a business, or own a franchise. 

Buying an already established business or a franchise like McDonald’s, or Starbucks is a good call if you don’t want to work from the ground up.

•  Buy and sell.

If you have a talent in buying goods in cheap, then you can use it to sell it on sites such as eBay, Craigslist, or Amazon. You can also sell vintage items on sites such as Etsy. There are several physical alternatives like a local flea or farmer’s markets, expos, trade shows, and bazaars.

•  Landlord/commercial establishment owner 

Investment in real estate can pay rich dividends if you decide to turn your property into a commercial establishment such as a ‘Bed & Breakfast’. You can also set up an Airbnb to earn from travelers visiting the UK.

Can you think of any other entrepreneur business ideas? Share with us in the comments below!