Born between 1946 and 1964, baby boomers are one of the hardest working generations out there. They paved the way for all the great things that have transpired over the years and it makes perfect sense for younger baby boomers, ones who are retired but still active, to open their own businesses. With so many business ideas out there, it can tough narrowing it down to just one. Even though the online niche is booming, it might not be right for you. If you’re determined to start your own business but still aren’t sure which one is the right for you, here’s a few ideas that to get you decide.
Before you decide what you want to do, you need to think about your finances. If you’re retired and have a nice nest egg, financing your new business might come easy. However, if you’re still actively employed or don’t want to dip into your savings, you could take out a small business loan. Having Accion small business loans available are the perfect solution to help you set up shop without digging into your own pockets. They also offer a variety of educational resources to help you get started.
Pet care is no longer just limited grooming. In fact, the pet industry is a multi-million-dollar business with a variety of sub-niches. If you’re a pet lover, you could open a doggy daycare, pet boutique, or bakery that sells healthy dog treats.
As a baby boomer, you probably have already had to help your own parents relocate to a new place. You understand how stressful it can for both adult children and seniors who need to relocate. If you like working with people, you could become a senior relocation specialist and help families with the moving process. Services could include everything from arranging moving trucks to helping families find appropriate senior assisted housing.
As we get older, it’s even more important to stay as active as possible. If you enjoy fitness, you design workout wear for people over 60, or you could become a personal trainer and teach fitness classes. There’s never a shortage of active older people who want to stay as active as possible. You could also get certified and teach others how to healthy as they get older.
With so many options for hobbies to take on in retirement, why not turn your love of something local into a business opportunity? If you live somewhere, one that gets a lot of tourism, you could become a tour guide. With everything opening back up, you could show visitors around or create customized itineraries. This could include be best places to eat, drink and stay for long vacations and weekend getaways.
If you have a flair for throwing fabulous parties, why not make a career out of it? You can help people find the perfect venue for their wedding, reception or birthday celebration. You could also specialize in anniversaries and market to couples who’ve been together 20 years or more. Since it’s such a broad niche, there would be no shortage of clients once you get up and running. The key to success is knowing how to market yourself.