What would make an excellent retirement business?

“I retired recently and find that I have too much time on my hands. I would also like to supplement my retirement income. What would make an excellent retirement business?”

T. L., Seattle, WA

Hi T.L.,

There are lots of possibilities for starting and succeeding with a business from which you can make a good supplemental retirement income. And enjoy doing it!

One of the best is a Personal Service Franchise. This type of business has many advantages, such as:

  • Growth potential due to growing needs in our population
  • Lower costs to start and expand than other businesses
  • Personal satisfaction from helping others.

Our articles “Is a Personal Service Franchise for You?” and “Five Ways to Earn High Income in Retirement” could give you some good suggestions on how to further investigate these and other excellent opportunities.

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Jim Tso wants to “give back” and share his 35+ years of successful personal money management experience to help others to achieve their financial goals. Jim created this InvestBetterSpendSmarter blog (IBSS) to provide you with free investing, planning, savings, retirement, and inspirational tips derived from his unique, innovative, and proven approaches to money management. He welcomes and appreciates your feedback.

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