News & Views

Business Ideas after Retirement

business ideas after retirement

Are you interested in starting a business after retirement? Retyrsmart provides best business ideas after retirement for senior and retirees person. Life begins at 60 and often keeps the most interesting and exciting parts for later. The sheer number of opportunities for commercial activities for senior citizens is so huge that they don’t really feel like a retired person.

Now-a- days it is not uncommon to see many retired people attempting to restart their careers and writing a new chapter of their life. Business ideas after retirement are also showing a healthy increase. India has caught up with the international trend and a lot of retirees are seen actively involved in economic activities in the form of jobs or businesses. People who have taken a voluntary retirement are even more eligible for a second career stint. They are physically and mentally fully capable to perform any economic activity. Here are some business ideas that senior citizens can starts after their retirement:

Online Trading of products

There are many housewives who make some of the most exquisite art pieces, be it doll making, varli paintings, candle making, artificial jewellery making or embroidery. They are not very highly educated and are not at all savvy when it comes to technology or use of internet. By contacting such women and selling the products online after keeping some margin, could be a great business idea.

Real Estate Consultancy

Real estate consultancy

One can register under RERA as a real estate agent and start earning a good amount of commission on every successful deal.

Consultation Services

There is a lot of theoretical and practical knowledge that one accumulates in one’s profession by the time they retire. Starting a consultancy service could be a very logical and sustainable idea for retirees.

Day Care Centre

Day care center

One can be at home and still make a lot of money by starting a day care centre to take care of babies and toddlers whose parents are working.

Business ideas for retirement could include mainstream as well as offbeat business ideas. While the mainstream ideas remain more or less common, offbeat ideas could involve activities that are seasonal or conducted at odd timings. Businesses in which a profit driven entrepreneur would not invest much time, efforts or investment due to the lower level of profit, would be ideal for senior citizens.