Good evening

Gentlemen,

Within 5 years I intend to retire with a modest benefit. That does not mean "quit working". I hope to have a small business operating or "if all else fails" a part time job. 

What small business would you pursue under these circumstances, and why? I understand everyone has different skills and backgrounds, I'm just looking for a list of ideas gentlemen may have on this matter. Thanks!
".

Views: 72

Reply to This

Replies to This Discussion

There's always dingo killin'.

Women live longer than men therefore I'm guessing the male escort business must pick up in the retirement years.

But seriously, there is no safe small business to go into. I see how a list would help you, if you have a passion for something then do it. But do it for the hell of it and not for the financial security. Most start-ups fail. Furthermore, if my father's experience is the norm then starting a business means making no decent income for the first few years while you are trying to build it up. Hardly the way to go in retirement (unless "income" is not needed).

Beyond that, I'd aim for an industry that you are experienced in and try to get a consultant business going in that industry. 

RSS

Latest Activity

Rick Shelton commented on Josh Allen's photo
Thumbnail

The New Lexus RX SUV

"Josh, that's not a "Monster truck" it's an everyday driver LOL.  SUV stands for Sport Utility Vehicle and if you used the Lexus "SUV" for sport or utility then you'd wreck it, which is why you see it on the…"
7 minutes ago
Kit replied to Kneller's discussion Shoes for a night out
"Either cowboy boots or vans! Vans are the ultimate clubbing shoe, comfy and smart!"
8 minutes ago
Josh Allen commented on Josh Allen's photo
Thumbnail

The New Lexus RX SUV

"Range Rovers lack the class of the Lexus, they are blocky looking. Never liked them. The Base price on the Lexus is £44,000 Roger. I have one in gold but the black is nice too. "
13 minutes ago
J. D. replied to Marcus Baughurst's discussion Men baking, opinions?
"I wouldn't know about the connection between kneading bread by hand and stress relief as I make large batches and use a unique mixer designed primarily for kneading large-ish batches of dough.  :)  But the aroma of fresh-baked bread…"
24 minutes ago
Marcus Baughurst replied to Marcus Baughurst's discussion Men baking, opinions?
"Good to see so many of you enjoy it, it's a great stress release, especially kneeding bread.  Not trying to make a point, simply asking if anyone enjoys baking. Shame my post caused a few people to think  I was questioning their…"
28 minutes ago
Roger Mason commented on Josh Allen's photo
Thumbnail

The New Lexus RX SUV

"My wife has a Range Rover and it runs like a tank. What is the base price of the Lexus?"
29 minutes ago
Cthulhu's Revenge commented on Josh Allen's photo
Thumbnail

The New Lexus RX SUV

"i spew at the sight of a range rover. Putrid contraptions"
42 minutes ago
Steve Dallas replied to Marcus Baughurst's discussion Men baking, opinions?
"Haven't ventured into baking, mostly stick with just regular cooking. My wife loves baking so I leave that for her to relieve her stress."
44 minutes ago

© 2014   Created by Brett McKay.   Powered by

Badges  |  Report an Issue  |  Terms of Service