Best Home-based Business Ideas for Retirees in Singapore
Majority look at retirement as a period that marks the end of useful life. Some retirees change the perception of who they are. They start seeing themselves as people who are dependent, a burden to others and worst of all approaching the grave. Retirement then becomes a transition to individuals different from initial resourceful people.
Nevertheless, retirees are the most resourceful people in the society. They are a pool of extensive skills and experience. Retirees were the previous engineers, human resource managers, accountants, college chancellors, IT officers and many more. Time to retire is time to give back to society. It is time to appreciate the life that was.
If you have come to this ill-conceived moment, you should think of how to transform your skills and experience into a business. Brainstorm a home-based business idea from your line of profession or abilities. Here are nine home-based business ideas that can make your retirement period a new admirable beginning.
1. Career Coaching
Were you a university lecturer, a college tutor or counselor in an institution? Why would you want to send your knowledge to eternal rest because you have retired? You should start a career coaching business. At the comfort of your home plan how to champion others reach the goals of their careers. People of all ages from the youth to the middle-aged want someone to guide them on how to attain their ultimate career goals.
Many people shy off from the idea of looking for a career coach as they fear high professional charges. You can offer the services at lower fees and enjoy others benefiting from your years-long mastery. You can do coaching from home using online tools like webinar for online conferencing. Another consideration is visiting clients at their location.
2. Business Consultancy
If you had been employed as a health consultant or an engineering consultant, you could continue offering the services after retirement. You can advertise your skills and help businesses improve structure or productivity. Having worked for most years qualifies you as the best consultant of the living ages. Being aged does not mean being brain-eroded that people will not welcome you to help them in business.
You can start a website to establish a wide reach-out and look for business from home. Try to reach your target market through articles and newsletters. You could also request for referees from happy customers. This business will not deprive you time to rest as a retiree. You can flex yourself the much you want. Use your expertise that others recognize as your authority in the profession to help others thrive in business.
3. Writing Books
The best way to preserve your knowledge and skills is to put down on paper. Your wealth of knowledge in your expertise area can help many people. If you have been working as a chief chef in major hotels, you could write food recipes books. Your knowledge can help upcoming restaurants and others who want to excel in the catering business.
To ensure your business is not sidelined by technology, you can also consider writing e-books. This step will help you reach the young generation who are best tuned online. Other ages also rely heavily on the internet for information. Writing online materials will only require a computer and internet, and you work from the comfort of your home.
4. Motivational Speaker
If you are a passionate public speaker and love motivating others, this business best suits you. Having passed through most age-groups equip you with a lot of experience in many situations. Many people are propelled to move ahead in life through positive speeches. They seek motivational speakers to fuel them to accomplish what seems impossible.
You can commit some hours in a week to talk to various groups and earn money out of it. Quite many people are ready to pay to receive this service. You can build a strong brand by impacting on people’s lives. Your career background can help you know what you are best at and speak along that line. If your speeches are as contagious as of Tom Abbott, then, you are capable of transforming people’s lives in your retirement age.
5. Recruitment Firm
Having worked for many years may have equipped you with an ample network of resourceful people. Also, you may have worked as a human resource manager, so you know what it takes to recruit a suitable candidate. You can connect job seekers with employers from your home. You can organize with the employer to conduct interviews from their premises. They can offer the request as a benefit for your ability to source for reliable employees. Doesn’t that sound good?
Your ability to get trained, experienced and trustworthy employees is what will make your home phone ring all the time. Many companies continue suffering for lack of a reliable workforce most of the time. Therefore, if this is your best area, employers will still seek your help even after your retiring.
6. Tour Guide
You may be familiar with most hotels, towns and other tourists spots; you can turn this knowledge into a business. You can consider creating themed tours, and this can help you secure a competitive edge in the industry. You will need to do extras to be able to build a brand that will make you stand out for continued business.
Ensure to offer memorable experiences to the tourists. You will create a good image with local travel agencies, tourists bureaus, and other organizations. Exposure to tour guide business can be a stepping stone to starting your travel agency. It is a business that also aids your health as traveling and walking is a good exercise.
7. Grant writing
This job is right for you if you have a talent in business writing and also understand the non-profit and funding world. You must be adept at finding government entities, foundations, and other funding sources. If you can match fund sources and those in need, then you can settle in this business at your home.
Many organizations are seeking grant opportunities and would welcome you to assist in writing proposals that can win grants. It is a very lucrative business as you can be paid a rate of S$100 per hour with handful experience.
8. Graphic designing
Businesses are always in search of creative people to help them communicate messages through banners, logos, branded items etc. To start this business, you only need a computer and graphics software. It has no other overheads except internet costs if you have online clients.
You can do the business with or without skills. Start by subcontracting from those well established in the industry then build a good profile. Then you can enroll in the graphics designing course and settle for the craft.
9. Bookkeeping and tax preparation
This is a perfect business for you if you are a trained accountant and enjoy working from home. You can do it even without CPA certification if only you have good background knowledge in bookkeeping. Many small businesses need a bookkeeper but can’t afford a full time one. Your services can be of significant value to such growing businesses.
Don’t underrate yourself for not having an office in town; you can serve from home. You only need a computer and Ms excel to start. Others require a hand in tax preparations. Doing tax-related tasks is something many dread to do. If you can do the ‘dirty’ job for them, they will consider you very useful in their business lives.
Starting a business after retirement can help you eliminate uncertainties tied with retiring. You become actively productive, and this makes you see your purpose in life. A psychological science study indicates that a sense of purpose can add years to life. Identify your best business idea from the above list, and you will not feel useless after retiring.