Often, people who are nearly at the retirement time worry about themselves, how to support themselves when they have been retired? But, starting a small business or sideline business may be one way to make your stay ‘alive’ and busy. And of course, a business planning idea will help you make a little more income. However, to choose exactly the right small business is also a matter. It is important to choose the right business if money is your concern.
You can have a choice like opening a restaurant or a food stall, but it is actually a very bad idea. It requires your time more, more or less 60 hours. And this is of course not a small business since it will take much of your time and you will feel like not in the retirement time. So, here are some examples of small business planning after retiring you can consider.
Small Business Planning for You Who Will Retire in the Near Future
1 ) Pet Care
Pet does matter. People who love animal will put their concern on their pet so much. So, if you love some pets such as cat, dog, parakeet, etc, this small business is the right one for you. Some people need to go for a business or whatsoever, and they need to leave their pet alone. Dog, for example, need a little walk when being left by the master. So, you can open a small business in looking after the pets. This business is good since it requires a little more than other business card and some good word of mouth as well as social media activities.
2 ) Selling Good Old Stuff
Another business plan for retire people is selling the old stuff which is still good. Whether you love keeping and collecting some things, this is the time to share to others. But, don’t sell the good stuff you have like a garage sale. You need to be wise in grouping the stuff you have and then sell the stuff by season. By doing this, you business planning idea will work since you will be sure to have better sale as you could target the particular need of some people in the season which you are selling the good old stuff.
3 ) Buying Property to be Rented
Another business planning idea for you who nearly get retired is buying a property to be rented. The rental income is said as pure and passive income. You can outsource routine maintenance work in the rental property to the others. If you own the resources, of course, you could buy property. You can make use of the package of retirement to fund the mortgage. It requires little maintenance since you only need to check and visit monthly at most.
So, those are some small business which you can consider in your old times. They require less time, but the income will be guaranteed. From having a pet care business to buying a property to rent, which business you choose best?
Description: Business planning idea needs someone in expert to be the advisor. So, maybe you can list some option and your budget then consult it with a business consultant.