Small Business Entrepreneurship

100 best retirement businesses by Lisa Rogak, David H. Bangs

By Lisa Rogak, David H. Bangs

During this different e-book, Rogak and Bangs deliver retirees the interior info at the best and such a lot profitable companies for them--information got correct from the proprietors themselves. The authors pick out a hundred of the main attention-grabbing retirement businesses--some part-time, a few seasonal--and describe the enterprise, the way it operates day after day, and the rewards and downsides.

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Perhaps they are even more important, as you will be hazarding your own time, energy, emotions and cash on your retirement venture. This first section and Part Three address the nuts and bolts of starting (or acquiring) and running a small business. Most of the material is covered in greater detail in other books (such as Upstart's Planning Guide series). Starting your retirement business is no different in most ways from starting a business any other timewith two important exceptions. The first is that the goals of most retirement businesses are more modest.

They think they have an antique, but they don't. " Marilyn waits on customers while Lionel is out scouting. "For a good retirement business, the spouse should be interested in the business," he believes. "My wife and I work together, and I think that's what makes a good business. " Lionel does a little advertising in the local newspapers. He belongs to the statewide organization for antique dealers, but he says most of his customers are people who've dealt with him before. Both he and his wife like meeting the people who come to the shop.

What income do you want your retirement business to provide? It may be that you don't want or need any income from your retirement business, but simply want to break even. Or you may need a substantial income. This is a major factor in choosing the right business. Don't guess. The personal budget form below is designed to help you understand what income you need to meet your personal goals; if added income is needed from your retirement business, be as specific as possible. Specific goals with specific timelines make attaining those goals much more likely than vague wishing.

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