The traditional ideas about life and work have recently been turned upside down, and people are now seeing retirement in a new light. As a result, starting a business after retirement is a growing trend.
Here are some interesting stats regarding people in the workforce who are self-employed, according to the National Bureau of Economic Research:
- 25% are between 50 and 59 years old
- 46% between 65 and 69 years old
- 68% between 75 and 79 years old
- 20% of those under 50
What comes to mind when you think about retirement?
Perhaps you see yourself burying your toes into warm sand while sipping a piña colada, or you fantasize about having more free time to work on that long-delayed passion project.
Perhaps the very concept of retiring makes you wince. After all, you've spent your whole professional life committed to your work and still find value in it.
Whatever retirement experience you choose, there is no right or wrong way to go about it. The fact is that we are continuously reinventing ourselves.
Whether you’re in mid-career and thinking about the future, finally retiring after decades in the workforce, or looking for ways to gain additional streams of income, franchising might be a great option for you.
Absentee and semi-absentee franchises, in particular, are excellent franchise options for retirees to achieve their goals without the hassle of changing professions or establishing a business from scratch.
You can walk into a proven business model that includes training, support, and marketing. When it comes to franchise ownership, there is no guesswork, making it a safer and easier option.
Here are a few examples of franchise markets that offer absentee and semi-absentee ownership.
- 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 with a franchise, but it may be the best match for you. Consider realizing your retirement goal of traveling the world while running your own business. It is never too late to realize your retirement dreams.
Are you nearing retirement or searching for a change in your career? Please schedule a quick call with me.