New Businesses You Can Create during Retirement

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If facing retirement is not something that you relish, either because you are the infamous “type A” personality or you just dread the thought of not working or earning income, then there are many opportunities for retired individuals to enjoy.

New business ideas from creative to technical and anything in between are available for retired individuals. There are opportunities for creativity, tutoring, and philanthropy just to name a few.


A retired individual can open up a new business or start a new endeavor based on a favorite hobby or talent.

* Art lessons – if you know how to paint or draw, there is no time like the present to teach younger students or even fellow retirees how to paint and draw.

* Music lessons – the need for reasonably priced, reliable, and trustworthy music instructors is on the rise. With so many budget cuts to school systems, this is an excellent opportunity if you are skilled in this area.

* Arts and crafts – if you love creating arts and crafts and if family and friends have told you that you have a knack for it, then perhaps it is time to turn that into a lucrative event. Churches, schools, and even not for profit companies hold craft sales various times throughout the year.


If you have a knack for numbers and enjoy crunching them as much as the next person hates crunching them, you might have yourself a business in the making.

* Accountant – you can turn your love of numbers into an accounting business that will earn you potential income during tax season. Find out how to go about becoming a certified public accountant.

* Budget workshops – You can teach persons heading toward retirement age how to budget once retired and how to plan accordingly for that retirement.


* If you have a second language, a degree in English or perhaps a career as a math teacher, tutoring is a great and lucrative business to have on the side. Tutors make a very nice hourly salary while helping others.

* Tutors can range in anything from math and science to English and S.A.T. preparation. Many parents would be more than willing to pay for extra tutoring in the hopes of their child getting into a better college.

* Opening a new business as a retired person is a win/win situation. You get to help others, fulfill a need, and make some extra cash along the way.

Creating a new business is also a great way for a retired individual to make sure that their mind stays active as well as their body and spirit.