Retirees today are active and energetic. You’re ready to leave the monotony of everyday corporate life, but you still want to keep your mind engaged and find an additional source of income to supplement your retirement assets. So, what comes next?
Believe it or not, there are several rewarding and profitable opportunities after retirement. You can still find time to travel, play golf, and do everything else you've always wanted to do in retirement.
For retirees, franchising provides excellent business opportunities. You may reinvent yourself without the hassle of re-entering the workforce or building a business from scratch by investing in an absentee or semi-absentee franchise.
You can enter into an established business model with the necessary training, support, marketing, and branding in place. When it comes to franchise ownership, there is less risk involved, making it a safer and easier option.
With your franchise, you can utilize your previous experiences and apply them to your business. Soft skills, such as communication, problem-solving, and connection building, are more important than specific market knowledge in running a franchise. You also have the option of changing industries and doing something completely new.
You might think that operating a franchise will take more time and effort than you are willing to dedicate in retirement. However, you may be surprised to learn that many franchisors have built their business models to allow absentee or semi-absentee ownership. When it comes to the actual work, you can be mostly hands-off.
There are almost no limits when it comes to franchising options. You'd be surprised at how many industries allow absentee and semi-absentee ownership. Here are a few examples:
- Boutique fitness franchises
- Personal Care franchises
- Children's Education or Well-being franchises
- Salon franchises
- Home Service franchises
Working on your own terms after retirement is not only possible but, with a franchise, might be the perfect fit for you. Imagine fulfilling your retirement dream of traveling the globe while operating your own business. It’s never too late to make your retirement goals a reality.
Are you near retirement and interested in an additional revenue stream? Please schedule a call here.