1. Bed & breakfast
Upside
• Modest start-up costs
• Good cash generator
• Repeat business factor
• Low if not zero debtors' list
Downside
• Requires patience to put up with a constant flow of strangers in the home
Read our tips for funding a new business
2. Home handyman
Upside
• Maintains a vital link between previous workplace activity and retirement
• Minimal start-up costs
• Steady earning potential
• No premises required (work from home)
Downside
• Irregular hours
• Access to a vehicle would be essential for most trades
3. Tuition service
Upside
• Excellent earnings potential
• High profit margins
• Home based
• Zero start-up costs
4. Floristry
Upside
• Contractual arrangement guarantees repeat business on a regular basis
• All year round trading potential attached
Downside
• Reliable supply sources essential
• Initial investment in stock required
5. Retirement coaching
Upside
• Under-worked and rapidly growing marketplace
• Domestic and group coaching opportunities
• Huge earnings potential
• High profit margins
6. Garden maintenance
Upside
• Healthy outdoors activity
• No start-up costs
• Multiple markets
• Good cash generator
• Low risk factor
Downside
• Evening work involved.
• You'd probably require to bone up on design and planning (thanks to the multitude of television gardening programmes)
7. Desktop publishing
Upside
• Home-based
• Excellent profit potential
• Ideal for retirees who have a home computer and the technical know-how
• Multiple market opportunities: local businesses, groups, institutions, etc.
Downside
• Constant requirement for canvassing new business
Keep productive! Read our tips for working from home
8. Start your own online business
Upside
• Minimal start up costs
• Work your own hours
• 24 hour trading
• Marketplace: the Planet Earth (perhaps beyond)
• Automatic order taking and payment processing
• Instant delivery of produce
9. Make money on eBay
Upside
• Zero start-up costs
• Low risk factor
• Good earnings potential
Avoid the eBay scams
10. Write a book on your know-how
Upside
• Source of astonishing personal enrichment in the third age journey
• Minimal cost
• Using Kindle Publishing Direct you can publish your book in less than 5 minutes, reaching millions of readers on Kindle stores worldwide.
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