Most seniors are worried about being an entrepreneur and want to avoid making a big mistake that might deplete their retirement savings. The businesses mentioned in my book are just to that point. You can’t make a tragic financial mistake if you have only invested a few thousand dollars. Look for businesses that are service oriented, which frequently require a […]

We see and hear about a large number of franchises and Multi-level Marketing (MLM) businesses and I am often asked if these are good for the retired person. So let us take a look at them one at a time. Franchises are frequently larger companies having numerous employees, a fixed retail location with the high overhead associated with this, require […]

We’ve all heard people saying this but do you realize this is an opportunity for a business? Serving a busy customer could be just the thing needed to make your business a success. Most two-earner families, after taking the children to soccer practice and music lessons just don’t have the time or energy to do many of the things that […]

Mass produced services are only economical at a fixed location where installed equipment can be used to save time in the service. The other end of the spectrum is customized service at a location where the customer wants it to be performed. Simple services like automotive repairs are almost always done at a garage or repair center since some of […]

You can’t read any magazine without seeing some reference to the effects of the coming retirement of the baby boom generation. That is just the type of opportunity that entrepreneurs are looking for to create a new business around. Think of all of the services these people will need. Some of them will need to have more of the work […]

There are a lot of businesses out there that are competing for the customers. You are looking for a way to attract a loyal few customers for your small retirement business. You are also trying to attract them with some unique feature of your business instead of doing a large amount of advertising and the billing that comes from advertising. […]

Most people think that working at your hobby would make the best retirement business that they can think about. While I concur with this thinking there are a few warnings that come with this option. Think about your hobby. Are there supplies that you regularly have to buy? Are these supplies easy to find locally? Can they be cheaply shipped […]

IT seems like the accolades just can’t stop rolling in for these young, enterprising students from Hwa Chong Institution. After bagging the top prize of $5,000 in the Youth Category of Start-Up@Singapore 2007, Agrotech has gone on to clinch the Best New Markets Award at the Global Talentrepreneur Competition 2007 held in Taipei. Their product, which revolves around plant care […]

It’s your pet peeve. You lent your best friend Fred the Halo 3 disc (it’s your favorite game) a week ago and now you’re dying to start shooting some alien enemies. The game disc has returned to you, but with visible scratches and it suddenly does not play on your Xbox 360 anymore, at a time when you most want […]

During the summer months, every large city in America is filled with hundreds of festivals. If you are an entrepreneur looking to get into a retail business, these festivals can be an inexpensive way to test out your products to see if it will really attract a large enough customer base to warrant a year around business. But remember when […]