The number of senior Americans who call themselves boss is growing steadily. Retired seniors are still working, and many are working for themselves.
Bureau of Labor Statistics found the self-employment rate among workers aged 65 years and older was higher (15.5 percent) than any other age group.
It may not be a "hobby" in the strictest sense, but problem solving is a skill many people enjoy doing so much they leverage their talents to start profitable businesses.
Linda Nagamine was an airline customer service representative for 28 years, and after retirement she turned her problem-solving skills into a way to help women never lose their keys again.
If you have multiple hobbies, interests and experience, think about combining a few of them into a workable small business. Combine them to start a business that produces customized chess boards and sell them online.
Or maybe you love fly fishing and community service.
Nagamine used her own problem of constantly misplacing her keys as inspiration for inventing and developing the Joyful Keyper – a simple device for keeping your keys easily accessible inside your bag or purse.
"There was nothing in the marketplace that effectively solved my daily problem of searching for my misplaced keys," she explained.
Holtzman began his photography hobby when he was still working as a sales manager for an auto dealership, flying on weekends and shooting with his film camera.
Eventually, Holtzman's side hustle became his full-time business and led to some award-winning photos displayed in a variety of publications, including Vanity Fair and The Wall Street Journal.
Comments Retirement Home Business Plan
Why Now is the Time to Get SBA Funding for an Assisted.
Dec 4, 2017. Here's a snapshot of what the retirement home industry looks like in. understanding your creditworthiness, and a solid business plan can all.…
Assisted Living Facility Business Plan 4 must-have items to.
Oct 17, 2018. 4 critical items are required for a thorough assisted living facility business plan. A necessity for building an assisted living facility.…
How to Design a Retirement Community 10 Steps with.
As people age, the homes and workplaces that were once easy to negotiate can. are not a good choice when deciding how to plan a retirement community.…
Ideas to Start a Business Helping Seniors SCORE
Mar 14, 2019. You should think about creating a business for seniors. This will expand the size of the older population so 1 in every 5 residents will be retirement age. These days, many seniors are planning multi-generation vacations, “girlfriend. Home-related services, such as housecleaning, lawn care and.…
The Challenges and Rewards of Operating a Retirement.
Jan 18, 2016. operator of a retirement residence in today's business environment. business plan, retirement residences are market driven and attempt to.…
Nursing home care can quickly deplete your retirement savings
Jan 23, 2018. Costs for care in a nursing home are approaching $100,000 a year. market is in disarray and what it means for your retirement planning. The long-term care insurance business continues to cause companies pain.…
Are nursing homes profitable businesses? - Quora
Making several key assumptions, nursing homes are extremely profitable. But for a retirement home to be reasonably profitable, you need at.…
Best Business Ideas for Working With Seniors
Nov 22, 2018. Most people age 65 or over live at home, either with a spouse or alone. According to research by the American Association of Retired Persons AARP. Like pet/house sitting businesses, if you plan to start a housecleaning.…