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Are you planning to live on your pension and savings?

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May 202015
 

Will you be financially set in your retirement? Or maybe not?

I survived retirement and so can you.

Never-Work-Again-book

Most of us are told to work hard, save, invest, buy a house and then when it is time for retirement we can sit back and enjoy life with a few rounds of golf, gardening, vacations, and just doing what WE want for a change.

Unfortunately, for many of us it hasn’t worked out that way.

Take me for example.

I worked in the computer industry for many years, tried to save for retirement by putting my money into 401(k)s, bought a house, watched my expenses, and watched my spending.

As I was making plans to retire, sell my house, cash out my investment, and move to a cheaper and warmer climate, suddenly everything went wrong…

Read more about how to what went wrong about my retirement

 Posted by at 4:04 pm

Cleaning retirement business for the government

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May 192015
 

Clean up the government

When you think of cleaning companies, you probably think of the big companies like ABM Industries, CleanNet USA Inc., Jan-Pro Franchising, ServiceMaster, and Stanley Steemer. These companies have sales in the billions while at the lowest end are mom and pop cleaning businesses making as little $20,000 net per year. They are the ones who clean the big offices and skyscrapers.

The type of cleaning business customer that you have will determine what you make.

  • Big customers pay the most.
  • Medium-sized offices and stores pay the average.
  • Small, independent businesses want to pay less.

But what about federal government customers?

More about Cleaning up the federal government

Most small cleaning companies feel that they don’t stand a chance competing against the giant and medium-sized cleaning company competition. And they are right. The good news you don’t have to compete against them to get these contracts.

There is a little know program of the federal government called

Set-Asides for Small, Minority, and Woman owned cleaning companies.

And you don’t have to be the lowest bidder.

Why would you want to have a cleaning business contract with the federal government?

  • It is steady work as you don’t have to constantly find new work.
  • The number of small, minority, and woman owned competitors is very low.
  • The US federal government is the largest in the world.
  • The federal government actually pays very well.
  • There is a great likelihood that you can get an easy renewal.

There are some drawbacks, however.

  • It can take a long time to get approved and to win a bid.
  • The sales cycle can be long.
  • There is a lot of approval paperwork to fill out.
  • They pay slowly – but they always do pay.
  • You often have to be a subcontractor for a larger company.

How to get on the federal government’s cleaning bidders list

First you must prove that you have a small, minority, or woman owned business.

  • Small is usually determined by the number of employees that you don’t have.
  • A minority business is one owned by African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans and Subcontinent Asian Americans. You can also qualify if your business is woman owned or you are economically disadvantage. See Small Business Administration guidelines on Minority Owned Businesses.
  • A woman owned business is one that is majority owned by a woman who could be the wife, single female, or widow.

There are other requirements too.

  • You need to get a Dun and Bradstreet number   and also register with the federal government’s System for Award Management program  .
  • You also need to know what the North American Industry Classification Code is for cleaning services. Look no further it is 561720.

How to find out about bid opportunities.

Subscribe to the free federal government publication notice called Federal Business Opportunity    or go online to read about opportunities in the Fed Biz Opps section  and enter what your location and what you are looking for.

And finally get your business listed on the U.S General Services Administration  so that federal government offices can contact you.

Don’t forget that some states also have similar programs. Search the Internet for small business set aside for your state. And contact your local government agencies too.


 Posted by at 6:54 pm

News sources for retirement businesses

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May 182015
 

Google retires RSS feeds

Google news was a great source for Retirement Business news. We used a Google news RSS feed application on many of our pages to bring our readers the latest information.

Unfortunately, the Google RSS news feed application is no longer available without notice. So we have decided to replace all of our news feeds with Bing News.

Therefore, we have added to our web pages these new news feeds for retirement businesses

 Posted by at 11:57 pm

Would you like to make more per hour in retirement than your pension?

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May 142015
 

How much are your receiving from your pension*?

Most of us will answer.

N O T    E N O U G H

handyman retirement businessSo why not start a Handyman Retirement Business?

Almost all homeowners need someone to make those little repairs around the house that they don’t know how to do or simply don’t want to do.

How much are they willing to pay for a handyman to do it for them?

Average Handyman charges USD $74.18 per hour

According to Angie´s list their members are paying an average of $74.18 per hour for handyman cost ranging from $67.19 to $81.17.
More about Handyman costs

This is much more than you might currently be receiving from your Canadian Pension or US Social Security*.

How do you charge for handyman services?

You can charge by the hour or by the job. And you can also purchase the materials and charge for them too.

Charging by the Hour:

If the job is simple like repairing a leaky faucet or restarting the furnace, you can charge by the hour. And don’t forget to charge for mileage if out of your normal area and for “emergency” or after normal working hours or weekends or holidays. Be sure to charge for your time and material (add a percentage to the item) to go to Home Depot for parts or materials.

Charge by the Job:

If the job is more involved, you should fix bid the contract with a 50% down payment. Be sure to put every little detail into a written contract before beginning the job. If a customer objects to your price, show them how they can say money by doing part of the work themselves, such as hauling away debris, moving furniture, going to buy materials alone, painting, or preparation work.

In addition to making a good income, there are:

More reasons why you should start a Handyman Retirement Business

  • Challenging

Working for yourself is a challenge as you will learn a lot of new skills that will keep you mentally and physically alert.

  • Freedom

You decide when you want to work, where you want to work, what jobs you are willing to do, and what price you want to charge.

  • Work environment

If you like variety, meeting people, and getting out of the house this could be ideal. Unlike a job, you don’t have to be at the same place every day doing the same thing over and over again.

Here is some more information on a Handyman Retirement Business.

BooksToolsNews

* How much are you receiving from your government’s retirement pension plan?

Canada – The average Canadian Pension monthly payment is CAD $1,065 per month or CAD $6 per hour.
USA – The average Security monthly payment is USD $1,219 per month or just USD $7 per hour.

 Posted by at 5:59 pm

Start a cleaning retirement business – step by step

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May 122015
 

office-cleaningIf you have decided to start a cleaning business for your retirement income, here are some steps to consider before you begin.

  • Business Structure
  • Business name
  • Business License
  • Bond
  • Insurance
  • References
  • Banking Account
  • Accounting
  • Legal
  • Technology
  • Marketing
  • Learning

More information in Cleaning Retirement Business Books

More information on A cleaning retirement business - first steps to starting

Business Structure

See this list which describes the many business structures around the world.

United States

In the United States you can operate in many forms such as:

  • Sole proprietorship -A business with a single owner. You can use your own name or a DBA (see below).
  • General partnership – All partners are jointly and separately liable for the debts of the partnership. You can do this is most states without filing your partnership agreement.
  • Limited Partnership – At least one partner, the general partner, has unlimited liability. And one or more partners have limited liability.
  • Other Partnerships – LLP (limited liability partnership; LLLP (limited liability limited partnership); LLC, LC, Ltd. Co.; PLLC (professional limited liability company.
  • Corporation – These are available in all states with titles like Corporation, Corp. Inc., Co. etc.

Canada

You can operate (Canada) as in many forms too.

  • Sole Proprietorship – requires no formal business structure.
  • General Partnership – can have a formal or informal partnership agreement according to the Partnership Act
  • Limited Partnership – This limits both the liability and the participation of the passive partner with the active general partner exposed to unlimited liability.
  • There are other forms like a Joint Venture and Co-op. We suggest checking with an accountant and a lawyer.

Choose your business structure first as it determines your business name.

Business name

At least in Canada and the United States, you can use your own name for the name of the business such as “Smith’s Cleaning Service” without any special permission from your government.

See http://en.wikipedia.org/wiki/Doing_business_as for other countries.

However, that does not usually sound very professional. Depending on your business legal structure names like “Smith’s Cleaning Service Company” or “Smith’s Cleaning Service Inc.” are better choices.

You can also use a business name that is different from the person’s or entity’s true name.  These are called DBAs – Doing Business As.  DBAs can be any type of business structure.  Usually you need to register your DBA with your state government or province to get a unique name. See

If a name is already taken in your state or province than you cannot use it. Likewise, trademarks cannot also be used.

So don’t call your company “Smith’s ServiceMaster Cleaning Company, Inc.” unless you really hold a franchise from ServiceMaster and they have given you permission to use their name.  Although we don’t suggest a franchise for a retirement business, it doesn’t hurt to check out what these types of companies offer. http://www.entrepreneur.com/article/219678

Business License

First you need a business license. http://en.wikipedia.org/wiki/Business_license

The business license will show business name and address that you selected for your business structure and any DBAs that you might be using. This is obtained from various governmental agencies. It is usually your city hall. So start there first.

In the USA check with the Small Business Association for a list of government agencies that issue business licenses.

http://business.usa.gov/

In Canada check BizPal

http://en.wikipedia.org/wiki/BizPaL

You need a business license to be legal and give confidence to your customers. You will also need it to pay local taxes. It is also useful to convince tax authorities that you are entitled to take business deductions because you have a real business and not just a hobby.  Every business structure needs a business license.

The fees for a business license are typically USD $30 or so. Be aware that some governmental authorities will NOT issue you a business license if your address is in a non-commercial area (i.e. your residence). If this is so, consider getting a United Parcel Service address. In fact, it is good to have a UPS address in general.

Some authorities also might require you to place an advertisement in a “newspaper of record” announcing your business. There is no need to pay for an ad in a major newspaper. There are often smaller and cheaper alternatives.

Also check if there are any special training or certifications requirements for running cleaning services. Generally there are not. But ask anyway.

Bond

Consider purchasing a bond from your local insurance agency. Many customers will ask if you are bonded. A bond is insurance that covers you in case you damage a customer’s premises, furniture or use defective procedures or other license law violations. It can also cover you for theft and if you have not paid employees or subcontractors. Buy from your local insurance agent. It should be about USD $100 per year or so.

Insurance

Personal liability Insurance is different than a bond as it  a form of liability insurance that helps protect  service -providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder.

References

If you are just starting out you will not, of course, have any references. However, you can ask to use the names of friends, neighbors, or relatives. Most customers never call references.

Banking Account

It is a good practice to open a separate business banking account. You will also need to accept credit cards so open a Merchant account and / or a PayPal account.

Accounting

You probably don’t need an accountant starting out but at least invest in some good books and accounting software.

Legal

Get to know a good lawyer, just in case.

Technology

You should be using a computer with a sales tracking system, appointment scheduler, invoicing, and to-do list to keep track of your business. A web site is also a must in today’s marketplace.

Marketing

To start invest in some good business cards and brochure.

Learning

Read up on how to operate a Cleaning Retirement Business for more ideas.


 Posted by at 10:12 pm

Do you want to go to work for more retirement income?

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Apr 132015
 

Do you really want to work for more retirement income?

work for more retirement incomeMany seniors arrive at retirement age and, for perhaps the first time, they take a good look at what funds they have. And there isn’t as much there as they thought. They soon decide that the Life of Reilly might not be for them.

  • Savings are not that high.
  • Social Security payment are nowhere near as much as they thought.
  • The value of their house has not recovered much since the real estate bubble burst.
  • Their existing debt is too high.
  • They thought that their 401k would have performed better.

In short, many retirees find out that they just won’t be able to live the lifestyle in retirement that they hoped and that they might have to go back to work or continue to work in order to have more retirement income.
More on Work for more retirement income

So what are your options to earn more retirement money?

There are only a few ways to get more money:

  • Inherit from someone. Do you know where to find a wealthy widow or widower?
  • Rob a bank. Not recommended.
  • Borrow it. You might find that lenders aren’t too happy to loan money to an older person with little prospect to earn more money.
  • Win at gambling. Lots of luck.
  • Earn more from capital loans, real estate, stocks, bonds, or other investments. If you got a large nest egg and know what you are doing, go for it. Most of us don’t.
  • Sell your possessions. Unfortunately many of us don’t have much of value to sell. Even a business that was highly depended on us might not be worth much if we aren’t going to be there. Of course, if you have some jewels, art work, and such then this might be your salvation.
  • Go back to work for someone else. Unfortunately, unless you have a high in demand, jobs for seniors don’t pay well. The work available is monotonous, and there is no room for advancement. Getting a job also means giving up on your retirement dreams.
  • Start your own retirement business. On this web site, I am suggesting that you consider starting your own Retirement Business. (Check out of list of best ideas for starting a business in retirement.)

However, don’t just start any type of business. You need a business that still allows you to enjoy your retirement.

12 things to consider before starting a retirement business

without giving up your retirement freedom.

  1. Stay away from a business that requires physical exertion. You are not as young as you used to be.
  2. Don’t get tied down to a 40 hour week by opening a restaurant or store front.
  3. Think about what you always dreamed of doing but never did.
  4. Remember that you are looking for part-time, supplemental income. Don’t try to start another Microsoft.
  5. Do you want to sell something or offer a service? If a product, will you make it or buy it? If a service, can you perform the work or can you sub-contract it? Remember you don’t want to start having the responsibility of employees.
  6. Will you have fun or are you just after the money?
  7. What do you know that you can offer, teach, or write about?
  8. Why would anyone buy products or services from you at your age? What is unique?
  9. How much money and effort do you want to put forth?
  10. Is there a need for your product or service? Or do not care and just want to pursue a hobby?
  11. Are there any competitors? If not, maybe no one wants what you offer.
  12. Can you beat your competitors on price, service, convenience, marketing.

Check out these articles:

Will Your Retirement Income Be Enough?

Why Work In Retirement?

The Reals Reasons more People are Working in Retirement

 Posted by at 11:31 pm

20 Tips for working from your home retirement business

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Apr 102015
 

20 Tips on how to succeed at a home retirement business

home retirement businessHere are some things to consider before you start your home retirement business:

 1. Your income – The first step before you start a retirement business is to admit to yourself that the money that you have saved, your investments, your house equity, and paid-for car together with your government pension is all the funds that you have. At your age you will NOT be getting another job that pays anywhere near what you used to make. There still exists lots of age discrimination for jobs. Starting a retirement business is not a hobby, it is a serious business and you best option for a better retirement.
more or how to succeed at a retirement business

 2. Economize – If you have a mortgage, family, debts, and other obligations you need to get them in order so that you can live just on your pension. It helps if your spouse is still working too. Sell what you don’t need. Move. Cancel subscriptions. Live cheaper so that you can afford to launch your retirement business successfully.

 3. Failure – A lot of small businesses fail in the first two years. However, most of these businesses were full-time and the sole support of the owner. You are retired and your retirement business does not need to support you. It only needs to supplement your income.

 4. Not easy – Working from home is not always easy. It can be stressful. You can waste a lot of working time talking to your relatives, watching TV, reviewing your Facebook, or just loafing. After all isn’t that what retirement is for? When you had a boss, he / she kept your nose to the grindstone. When you are the boss, you need to set aside “working” time and not allow for any interruptions.

 5. Slow going – There is no overnight success or get-rich-quick formula. Anyone promising that is just taking your money to sell you the “secret”. There are lots of scams targeting retirees.

 6. Risk – There is no safety net. If you invest a lot of money, you can lose a lot of money.

 7. Start up money – It also takes some money to start a retirement business. You might need a web site, learning courses, how to books, marketing funds, money to purchase initial products, etc. This site does NOT recommend hiring employees, opening a store front, buying a franchise, or trying to be the next Microsoft.

 8. Work – You have to go back to work again. Thankfully, you can put in the hours that you want. You are the boss. It can be stressful as you have to learn how to do everything from preforming the service, buying or making your product, marketing, and accounting. Fortunately, much of this can be farmed out to freelancers. But you will have to learn how to manage your business and think like an owner and not an employee.

Video: From $100,00 per year to flipping hamburgers

Enough of the negatives. Here are some positive

Benefits from operating your retirement business from home

 9. Hours – You set your own hours. You work when you want for as long (or short) as you want if you follow the advice on this website and avoid starting any business that ties you down to a fixed time schedule such as a bed and breakfast, restaurant, or store front. Also don’t hire employees that need you need to manage. Outsource anything that you don’t know how to do or that you don’t want to do yourself.

10. Flexible – You stop work to see a movie, go to the beach, or play golf and then work longer in the evening of the next day. It doesn’t matter when you work.

11. Location – Many of the Best Retirement Business Ideas on this website do not require you to be in a fixed location. You can work from your existing house, while on vacation, or anywhere in the world.

12. Ownership – It’s your business. The credit and blame for its success is all yours. If you don’t like what you are doing, you can decide to go in another direction. The work you do benefits mainly you and yours.

13. Politics – You don’t have to play office politics to get ahead. You get “promoted” on your own merit. You also might be surprised how much you can accomplish in a day when you don’t have co-workers to waste time with around a water cooler.

14. Money – People in business for themselves generally make more money than employees make. If you want a raise just work harder or smarter or longer.

15. Experience – It helps if you already have a skill or knowledge that you can convert into a Home Retirement Business. But it is not necessary. Just check out some of these ideas for a home retirement business.

Some Tips for Starting a Work from Home Retirement Business

16. Decide – What you really want to do? Check out our list of Best Retirement Business Ideas.

17. Research the market – Are there others doing the same thing? If so, analyze what they are doing right or wrong. If no one is doing what you are proposing to do, why not? Maybe it’s a good idea whose time has come or a good idea that takes too long to educate buyers.

18. Education – Learn all you can about the business. Read books. Take courses. Be a buyer of the competition. Look for ideas on starting a business in retirement.

19. Goal – Make an attainable small goal in terms of money, clients, or accomplishments to do by a certain date.

20. NOW JUST DOIT – Don’t procrastinate any more. You will never get it right. You will never learn enough. You will never be completely ready. You don’t need perfection – just be good enough. Your first attempt will probably fail anyway. You will have to change as you learn by doing. Just stick your foot in the water without investing all your savings and drowning.

 Posted by at 5:38 pm

Travel Agent Academy review

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Mar 202015
 

What this web site is all about.

Travel Agent Courses from the Travel Agent Academy

Travel-Agent-AcademyIf you are thinking of starting a Travel Agency Retirement Business check out these courses from the Travel Agent Academy:

Click here for videos

Here ia a review of courses from the Travel Agent Academy

.

  • Destinations – Learn how to sell vacations in
    • Cancun – The brand new Cancun Tourism Institute has with a wealth of resources, training courses and a rewards program. You will be a Cancun Specialist in no time.
    • Chile – Are you selling South America’s most remarkable and diverse nation? Chile news, training, deals, resources, direct client referrals. Get started today with  the Travel Agent Academy!
    • Ecuador – Discover Ecuador: Become an Ecuador Specialist Today with Travel Agent Academy!
    • Europe – Take a look at the new European Quartet Campus! Increase your knowledge on the Czech Republic, Hungary, Poland and Slovakia.
    • Honduras – This is Honduras, where land meets sea and the fire of cultures past and present shines brightly. Discover with your fellow agents a land where wonder is limited only by imagination.
    • Israel – Some 3.5 million tourists visited Israel in 2012, more than ever before in the country’s 65-year history. The Israel Specialist program is designed to assist you in appealing to Israel’s three primary markets.
    • Japan – “Tour” Japan’s modern and ancient attractions – a natural beauty all its own; historic monuments, castles and shrines; pop culture and more.
    • Jordan – Explore how Jordan, which once captivated ancient travelers, continues to enthrall a whole new generation as a modern, vibrant nation.
    • Mexico – Are you Mexico-Fluent? Ready to sell the most popular international destination for American vacationers?
    • Malta – Malta is packed with pleasures: ancient towns and archaeological sites; expansive beaches and spectacular scenic vistas; award-winning diving experiences, and much more.
    • Morocco – Morocco’s allure is so strong, it’s likely to ensure that your clients’ first trip will be one of many. Become a Morocco Champion today!
    • Peru – The all-new Peru Agent Specialist features dynamic news, package deals, educational courses, plus videos, webinars, maps, and so much more.
    • Puerto Rico – 2011 HSMAI Winner – Visit the new Puerto Rico Travel Expert Campus, pass the General Courses (Chapters 1-4) and gain access to the exciting Incentives/Rewards program and Master’s Course.
    • South Africa – This exciting course guides you in selling South Africa, as well as giving you the tools to secure that booking.
    • Sud de France – Discover the Languedoc-Roussillon region, this mountainous, sun-drenched region kissing Spain and hugging the southernmost curve of the Mediterranean Sea. Complete the online training and become eligible for a FAM trip (For agents based in the United States and Canada only).
    • Switzerland – Welcome to the new Switzerland Advisor program (Gold level). Switzerland is one of the best destinations for travelers looking for active vacations, unforgettable experiences and unique accommodation.
  • Cruises – Courses on selling Windstar and River cruises.
  • Hotels – Sell Caesars Entertainment in Las Vegas, Mexan Hotels, Hotel Riu, and more.
  • Tours – Learn about  the USTOA (United States Tour Operators Association) tours and vacation packages
  • and more about the Travel Agent Academy Courses
 Posted by at 11:55 pm

10 Typical Scams for Working at-Home 

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Mar 192015
 

What this web site is all about.

Work at Home Scams to Avoid

WWorking at home is the best way to start your Retirement Business. And there are many people looking for information on how to do it.

But there are also many scams to be careful of.

Many are simply a con game that promises much and give you nothing. Others are just selling worthless courses for poor money making opportunities.

Hopefully this site will help you get started with the Best Retirement Business Ideas.

Legitimate work at home ideas will not:

  • Promise to make your rich quick
  • Tell you that clients will automatically come to you
  • That you don’t have to do any selling

Click here for more information about 10 work at home scams

  1. Call Centers and / or Data Entry – This is really a JOB in which you answer telephone calls from customers or input information into their database online. This is NOT the type of retirement business I suggest on this web site. You can make money at this with legitimate companies but they expect high productivity, more than part-time hours, and lots of stress. Most companies have their own systems so you don’t need to pay to take a course.
  2. Cashing Checks – Everyone has seen the Nigerian scheme whereby a so-called crooked minister of the Nigerian government has died and relatives need your help to get money out of foreign banks. All you need to do is deposit a check from their bank in Nigeria into your bank and then wire the funds to another foreign bank keeping 10 to 20% for yourself. The problem is that the check ill bounce long after you have withdrawn funds from your bank.
  3. Get Rich Quick on the Internet – The only ones making money are those selling the courses, “secrets”, and training programs. Making money on the Internet takes – technical knowledge – high traffic – unique products not available elsewhere. There are opportunities like selling on Amazon, eBay, Etsy, or starting you own website. But it will take time and work. There are no “secrets”.
  4. Home Envelope Stuffing – This old scam used to be advertised in the back of magazines but is now quite common on the Internet. No one will pay you to stuff envelopes. Printers do that now with automatic machines. Doing it by hand is just not efficient or fast enough.
  5. Medical Billing – It is no secret that doctors are very poor at collecting bill from insurance companies and patients. But it is a complicated field to learn. Most companies are offering very poor courses while promising high profits. Only former nurses or medical accountant / bookkeepers should consider this retirement business.
  6. Multi-Level Marketing – In my opinion on super salespeople can make money at this. You don’t make money in MLM by selling products. You make money by selling others (your down line) on the idea that THEY can make money by joining your network and … selling others on the idea of joining their down line. It the concentration is on MLM stay clear. Of course, selling legitimate products like Avon where you are supposed to make money with the products is different. Also many of the products from MLM are overpriced, overpromised, of poor quality and most people wind up with a garage full of inventory that they can’t sell to anyone after they have sold to their friends and family (who probably bought just to “help you out” but really didn’t want the products.).
  7. Mystery Shopper – You are paid to visit stores and restaurants and report on how well you were treated. This is legitimate if you like getting free lunches, groceries, and clothes but most companies will not pay very much money for the time spent.
  8. Online Surveys – This is not always a scam but the pay is so poor for the hours that you need to work to contact people that I can’t recommend it. Likewise being paid to answer surveys pays poorly. The worst is being willing to talk to an attorney about an upcoming case. They pay about USD $10 for an hours chat and you get very few calls.
  9. Processing Rebates Scam – This involves making money just by filling out rebate forms. The catch is that you need to spend USD $100 to USD $200 to take their course, get their training materials, or join the mentor program. What you get is no more than you could learn by buying a book on Processing Rebates at any book store or Amazon.
  10. Pyramid Schemes – These promise you high interest rates of return on your money by giving you some of the money from previous clients to pay you. However, in the end, they are unable to repay the principal and disappear living most clients poorer for the experience.
 Posted by at 1:06 am

7 Best Retirement Start Up Tips for Consultants

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Mar 182015
 

What this web site is all about.

A list of steps to take to leverage your skills into a consulting retirement business.

See our Big list of Business Ideas for Retirement

  1. Consultant – You have many years of experience. You know what works and how to do your job. Why not start teaching your skills to others who are now in the same job that you used to have. Read more about a Consulting Retirement Business.
  2. Speaker – Many professional organizations need speakers for their events. Work up a good how-to-do-it speech and enhance your reputation. Be sure to bring along brochures pitching your consulting services.
  3. Web site – Start an online business by selling your expertise. Offer books written by others with review. Sign onto Clickbank or Commission Junction to get affiliate products. Pat Flynn made a fortune teaching people how to get licensed as a security guard.
  4. Blog – One way to get the word out about your services is to start a blog.
  5. Training – There are many legitimate courses available to learn about consulting.
  6. Write a book – Amazon has now made it easy to write a book either an eBook or an on-demand paperback book.
  7. Do it now – The biggest obstacle is to procrastinate. Start small but do it now. You can always change course later as you learn.
 Posted by at 11:50 pm

Start a Retirement Business Travel Service

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Mar 172015
 

 Start a Travel Agency or Travel Service

Start a Retirement Business Travel Service

If you are considering starting an Adventure Vacations Retirement Business
or a starting a travel agency, then you might check out some examples of the types of retirement travel business that you can start.

Start a Retirement Business Travel Service

customers to look for:

  • Academic – Trips to improve foreign language skills
  • Adventure – Eco tour to Costa Rica, mountain climbing, river rafting, cultural experiences
  • Business travelers – Maybe a trip to China or Mexico to explore business opportunities
  • Complex trips – Trips with multiple stops to visit Asia, Europe, South America for those without skills in booking on the Internet
  • Cruises – for first timers
  • Families – Take a dozen families to Disneyland (California), Disney World (Florida) or Disney Tokyo or Paris
  • First-time cruisers who don’t know where to begin
  • Honeymooners – Cruises to Puerto Vallarta including the entire wedding ceremony
  • People relocating ––For European business people moving to work in North America
  • People who need help planning the many facets of a complex trip
  • Retired people and snowbirds – Orientation trips including talks by financial advisors, real estate, tips on schools (often done for people retiring in Mexico)
  • Singles – Travel package to exotic places like Bangkok, Mediterranean, Ocho Rios
  • Specialty travelers – Tours for disabled, hobbyist, sports fans

Click here to read more about Travel Agent Earnings

How much can you earn if you start a retirement business travel service?

Although the demand for these travel agency services is huge, it can take some time to build a clientele.

You earn money from commissions paid bookings and from fees that you charge to your customers. (Note that many airlines no longer pay commissions to travel agents, so you should tack on an airline booking fee.)

Most commissions range from 10 to 15 percent of the net cost of the product. Some cruise companies will pay 18 to 20 percent or give you a free trip. Of course, if you sell a package tour, then you can set your own prices.

Most full-time travel agents earn about USD $30,000 per year. The lowest earn under $18,000 and the top 10 percent can earn more than $45,000. However, these numbers are for store front travel agent and a home base agency has much lower overhead and, there for the potential, to earn more.

Check out this article on Travel Weekly magazine on

$100,000 agent reveals blueprint for success

What types of travel agency retirement business services should you offer?

  • Advise customer on visas and passport
  • All inclusive services for all travel needs
  • Become a tour leader
  • Become a travel insurance agent
  • Book hotel rooms
  • Create schedules and itineraries
  • Getting you clients the best prices and options
  • Inform clients about travel tips and advisories
  • Look into medical tourism
  • Promote events like wedding tours
  • Put together tour packages
  • Reserve airline seats
  • Select rental cars
  • Sell cruises and the cruise tours
  • Sell tickets to attractions
Also check out our article on Adventure Vacations Retirement Business which has more information on how to start a retirement business travel service. And check here for a Big List of the Best Retirement Business Ideas.

 Posted by at 1:05 am

10 phony work-at-home scams

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Mar 152015
 

What this web site is all about.

stop work-at-home scams10 Scams to avoid for work at home businesses

When you are retired and looking for a retirement business, wouldn’t it be nice to just work from your home? And it is possible. Just check out these ideas for legitimate work (not work-at-home scams) for a home retirement businesses:

However, you need to be alert because lots of  phony work-at-home scams sites know that many people want to work from home and are out to take your money. The number one complaint according to the government is work-at-home scams.
Click here for more information on Avoiding work-at-home scams

Here are 10 tips on how to avoid work-at-home scams

  1. Ads. Legitimate work-at-home retirement businesses are rarely promoted through paid or sponsored ads on Ask, Bing, Google, or Yahoo.
  2. Check Them Out. Go to their website. Does it look professional or is it just a big sales pitch? Do they have only a Hotmail, Yahoo, or other free email address? Ask yourself why? Many scammers only give you a contact form to fill out.
  3. Claims. Some scammers display logos of well-known sites like the New York Times, CNN, USA Today, or Microsoft claiming that these are clients or that they approve of their offering. But then they offer no links. They are trying to appear more trustworthy when they are not.
  4. Contact Information. If a company doesn’t list their company name, address, city, country, or phone number – then watch out! This is probably another work-at-home scams. Many of these companies are fly-by-night and will be gone tomorrow with your money.
  5. Details. Read their web page carefully. If they are long on promises but short on details of exactly what you have to do to earn money, more than likely they are only trying to sell something and have nothing real to offer.
  6. Emotional Pitch. If they show images of fancy cars, big house, vacationing in exotic locals, you need to use your common sense. Legitimate work-at-home plans make modest claims.
  7. Get Rich. If they promise more money than you ever dreamed was possible, it is most likely a dream and not possible. You’re not going to get rich working from home. At the most, you can supplement your retirement income to buy a few extras.
  8. Google Search. Look up their name in Google. You might be surprised about the number of complaints. Just type “ABC Company work-at-home scams fraud” and see what comes up.
  9. High Pressure. “Only 12 hours left to join”, “Limited time offer”, “Only 100 courses will be offered”. Why the rush? They are high pressuring you. If the offer is good today, it will be good tomorrow.
  10. Not a Scam. Anyone who continues to point out that their program is not a scam probably is just another work-at-home scams after all.
    Secrets. There are no “secrets” to making money. You can find most answers on how to start a r work-at-home business for retirement on the Internet or through books. Don’t pay a fortune for fancy course, DVDs, and mentoring.
 Posted by at 1:54 pm

10 Business Ideas for Couples who are Retired

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Jul 262014
 

What this web site is all about.

10 business ideas for retirees

by Joe Leonard

MSN MoneyThe web site MSN Money offers some good tips on choosing a retirement business.

  • Choose an idea you’ll follow through on.
  • Identify your goals.
  • Think about your past experience and skills.
  • Do you want to leverage past experience or break new ground?
  • Determine your risk
  • Pick a Retirement Business that fits your life style

Click here for more information on Top 10 Home Business Opportunities - Part 3 analyzed

1) Life or business coach

Take a course from an institute such as Business Coaching Certified and then join the International Coach Federation.

Also check out the Worldwide Association of Business Coaches for more information as this site is most suited to an older person who rose to the top of a company or organization. Also see my web page on a Consulting Retirement Business.

2) Retirement financial planner

I have a web page on a Tax Filing and Preparation Retirement Business. This article goes one step further into financial planning. According to the article, some 40% of working Americans said they will never afford retirement. A retirement financial planner can better those odds by offering investment and savings strategies, guidance on when to begin receiving Social Security benefits and other services. Other important issues can also be addressed, such as Medicare coverage, housing options and long-term care insurance. They suggest contacting the College for Financial Planning  to become a Chartered Retirement Planning Counselor or Chartered Retirement Plans Specialist. Start with this Social Security Retirement Guide.

3) Event planner

If you planned your own children’s wedding (or you own), you can show others how to plan other events such from conferences to lavish dinners. You also need to be very aware of your limitations. There’s a lot of pressure that goes with making sure everything is right.

4) Home stager

This article is a bit more than just offering a Cleaning Service Retirement Business by suggesting that you suggest also prep and beautify homes before they go on the market for sale.  You can also suggest ways to rearrange furniture and offer decorating ideas and other strategies to better a home’s presentation both inside and out. The article fails to mention where to find customers, but I would think letting real estate brokers know of your services would be a good place to start. If you not sure about home decorating check out this Home Decorating Made Easy Course.

5) Bed and breakfast operator

This type of business takes a major investment in money, time, and effort. You will probably also need employees. This is a full time commitment which is not the focus of this web site.

6) Cleaning service provider

As the article mentions start up costs are very low. They suggest starting with homeowners and offering cleaning products in addition to cleaning services. And important point is the if your start a Cleaning Service Retirement Business consider you physical condition if you don’t want to climb ladders  and make it clear you’re not going to climb a ladder to scrub outside windows and gutters.

7) Home inspector

Most home buyers today are hiring a home inspector before buying. If you have previous experience in the construction or real estate industry a Home Inspector Retirement Business could be ideal.  You can do everything from complete home examinations to testing for radon and other contaminants. Also check out the Home Renovation Part 1.

8) Etsy-based business operator

Etsy is an e-commerce similar to the eBay Retirement Business but it focuses on handmade or vintage items, supplies, as well as unique factory-manufactured items. This is just one additional market for your Antiques Retirement Business. You can sell your old art, photography, clothing, jewelry, food, bath and beauty products, quilts, knick-knacks, and toys providing you have made them or they are 20 years old or more. Visit the Etsy website for more information.

9) Daycare provider

A Daycare Retirement Business used to be a great idea. However, many localities now requirement certification, training, and even modifications to your home if that is where you want to operate. Moreover, running a daycare requires you to be in a fixed location for a fixed number of hours and you will probably need an employee or partner as you don’t want the liability of leaving young children alone while you go to the bathroom or in another room. They require constant attention. My advice is that a Daycare Retirement Business is not a good choice.

10) Tutor

I have a web page on starting a Tutoring Retirement Business. They suggest looking into the Tutor Village which is a network of tutors. Don’t limit yourself to just academic subject either. Also check out Tutoring in Top 10 Home Retirement Business Opportunities Part 2.

Coming soon…Part 4 of Top 10 Home Retirement Business Opportunities

From the article – 10 business ideas for retirees according to MSN Money.


This is PART 3 of Top 10 Home Retirement Business Opportunities. (Click here for Part 1 or Part 2)


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Tags: About us Overseas Retirement Overseas Retirement Businesses Top Retirement Businesses


5 New Business Ideas for Retirees

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Jun 202014
 

What this web site is all about.

5 Smart Business Ideas for RetireesCheck out some new business ideas for retirees

by Joe Leonard

Business News Daily has recently posted an article on starting a business in retirement:

  • Consulting and coaching
  • Start a mastermind group
  • Service-based businesses
  • Entrepreneurial support services
  • Online businesses

Read more about 5 Smart Business Ideas for Retirees

Consulting and coaching

I have converted starting a Consulting Retirement Business elsewhere on this web site. In this article they suggest leveraging your skill from previous jobs and from your life lessons which is, of course, a good idea. They also include teaching and tutoring as well as writing as a retirement business but do not mention starting a blog. A key question that the author asks you to consider is how much time to you want to devote to this and do you want to work from a fixed location or virtually? You need to determine if your customers can afford to pay you. Don’t start a hobby or charitable endeavor but an actual business.

Start a mastermind group

They suggest that if you have a large network of business contacts you could start a mastermind retirement business whereby you host meetings among your contacts to share ideas perhaps on a monthly basis. This could also be done online with live audio and video. Of course, you need to charge a membership fee for your efforts in organizing and hosting the events. They claim that you could earn as much as $1,500 a month from such a group. I would suggest setting up your own membership web site too.

Service-based businesses

There are really only four things that you can do to earn extra retirement business income.

  • Live off investments or rental property which is not what this site is all about
  • Work for someone else full or part-time
  • Supply a service either yourself or using others in your own retirement business
  • Sell a product through your retirement business that you make or buy elsewhere

They suggest that handyman services, tutoring or pet sitting aren’t the only retirement businesses that you can start. Some of the options are eldercare services by helping older people with cooking, errands, housekeeping, and shopping.

Entrepreneurial support services

This is a new idea that I like (and, in fact, I hope that is what I am doing on this web site). Lots of people who are approaching retirement or are already retired are thinking of starting a retirement business. For example, you could help with management, marketing, brochures, logos, financial accounting, bookkeeper or consultant.

Online businesses

Being online in itself is not a retirement business, it is simply a new and unique way to sell your products or services or just explain what you do. But first you need to decide on what product or service you want to sell, who will be your customers, how can you reach them, and THEN decide if any of this can be done online. This web site mainly concentrates on retirement businesses that you do not rely on selling via the internet – only a simple web site to announce who you are and what you do to build confidence in your clients. Selling online requires a lot of technical skills, in my opinion.

Links on smart business ideas for retirees:

5 Smart Business Ideas for Retirees
7 Reasons to Start a Mastermind Group
How to Quickly Start an Online Business
Mastermind Group Blueprint: How to Start, Run and Profit from one
My LifeStyle Career
New Business Idea? How to Test Before Launching
New York Life Center for Retirement Income
Second-Act Careers: 50+ Ways to Profit from Your Passions During Semi-Retirement
Tobe Brockner
Thrive!! Inc

This post is a comment on an article in Business News Daily.


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Plan your retirement business before quitting your job

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Jun 042014
 

What this web site is all about.

Retirees stay away from stock marketMany people who are looking for extra income in retirement are considering starting their own retirement business. There are about 25 million Americans nearing retirement age who state that they want to start their own business. But how should you start?
Here are some steps to consider:

  1. What is more important to you?
    • Where you will live
    • The hours you want to work
    • The amount of money you need
    • Type of business you’d like to start
    • Doing something to fit your skills
  2. What type of retirement business suits your personality?
    • Do you enjoy working with people or things?
    • Do you like to sell or make a product / offer a service?
    • How much stress can you support?
    • Do you prefer physical or mental work?
  3. Then develop a plan.
    • What are your personal goals, budget, family needs, resources, knowledge, etc.?
  4. Learn all you can about your future business.
    • Consider working part-time for a few weeks in a similar business to learn.
  5. Lastly, take action. There comes a time when you just have to do it.
 Posted by at 1:47 pm

Easiest Consulting Retirement Business idea ever

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Jun 032014
 

What this web site is all about.

happy-retirementWhen you first consider going into a Consulting Retirement Business, where will you get your first customer?

Why not start right where you are with your current or previous employer, or the competition, or in a similar industry?
These are some of the easiest clients that you could have right away.

Consult for your previous employer

Before leaving your present job (or even after), approach your boss and offer your services on a consultant basis. You know the products, services, customers, industry, and competition. It would be much better to hire you as a consultant that train someone else. Remember, you want to be a consultant .- not just work some part-time hours.

What could you do?

  • You could train new employees.
  • Explain company policies to existing staff.
  • Interview prospective new employees or recruit.
  • Come in to replace someone on vacation.

Also current employees are often very reluctant to offer criticism or advice when employed. You could offer a perspective on how things might be better without a bias.

Consult for the competition

If your previous company is not interested in working with you, approach the competition.

They might be very interested in getting some fresh opinions and advice on how to improve their company. They might like to learn just what the competition thinks are their weaknesses and strengths. Just be sure that they don’t pick your brains during the interview. Make it clear that you want to be a continuing consultant and that you are not looking for a full-time job. And if you are not violating any non-compete agreements, you should have no problems.

Consult in another similar industry

If the above doesn’t work, then look into taking your skills and experience to another rapidly growing industry in a similar field or allied industry.

And finally, check out my write-up on starting a Consultant Retirement Business.

 Posted by at 1:36 am

News for retirement businesses just added

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Apr 292014
 

Stay up to date with news about your retirement business. I’ve added news items to the following retirement businesses:

Adventure Vacations Antiques News
Aprons Art Instruction
Audio Video Photography Auto Detailing
Auto Window Tinting Babysitting
Balloons Birdhouses
Bookbinding Bookkeeping
Candles Cleaning
Clocks Consultant
Cosmetics Crafts Fine-Arts
Craigslist Cruise
Directory Doghouse
eBay Handyman
Importing Sewing
Soap Tax Filing and Preparation Service
Tutoring Writing
 Posted by at 6:16 pm

Sewing news

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Apr 092014
 

sewingI’ve just added a feature called NEWS to selected retirement businesses.

The first News section is for the Sewing Retirement Business News.

I will be adding more to other pages soon. Let me know what you like!

 Posted by at 6:55 pm

Should you use your retirement funds to start a business?

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Mar 302014
 

Before reading further, PLEASE CONSULT LEGAL ADVICE.

retirement-fundsRollovers as Business Start Ups

by Joe Leonard

On this website I have advised that you start small and not risk your retirement funds. However, if you need some of those funds to start your Retirement Business and you are concerned about having to pay heavy taxes for withdrawing them – there is one little know secret called Rollovers as Business Start Ups (ROBS) which could help you avoid paying any taxes and avoid even the 10% penalty for early withdrawal.

To learn more about how you can tap your retirement funds to start your retirement business

  1. Form a regular C corporation.
  2. Have your corporation start a qualified retirement plan.
  3. Rollover your pretax retirement 401(k) and IRA fund to this new retirement plan.
  4. Then the retirement plan can invest its funds in the purchase of stock in your corporation.
  5. Now your corporation has funds to use in your retirement business.

Drawbacks: Unless you are an expert you might have to pay hefty fees for help in setting up a qualified retirement plan. You can’t use Roth accounts because that money is post tax. And the I.R.S. might look unfavorably on this unless it is done right especially if your are under 59 ½.

Check out these links and get legal advice before proceeding.

Can Your Retirement Plan Own Your Business?

You may have built up considerable money in your 401(k) at a job or in your IRA and now you want to start a business or turn your sideline venture into a full-time activity. Can you use the money in your retirement account as capital for your business without incurring a tax bill? If you follow the rules carefully, the answer is a qualified yes…..

Rollovers as Business Start-Ups

(ROBS) are arrangements in which current or prospective business owners use their 401(k), IRA or other retirement funds to pay for new business start-up costs, for business acquisition costs or to refinance an existing business. ROBS is an acronym from the United States Internal Revenue Service for the IRS ROBS Rollovers as Business Start-Ups Compliance Project.

 

 Posted by at 4:07 pm

Americans have been robbed of a comfortable retirement

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Mar 292014
 

robberMany years ago, companies offered pension plans. Then, somehow it was decided that it was better for us to have our own  “personal” 401(k) and IRA pension funds.

And for years we were told to set just aside 10% of our salary for retirement, let the banks and Wall Street manage our funds,  and watch it grow!

Unfortunately, most of us didn’t seem to become as wealthy as we thought. What happened?

Read more about how Americans have been robbed of a comfortable retirement

The media told us that this was all due to the fact that –

  • The stock market crashed

But the media failed to tell us that there were many more additional reasons why our wealth has disappeared in the last few years.

Frankly, we have been robbed!

According to Salon magazine

  • Those with greatest wealth have received over 90% of the new wealth in the last few years, while thanks to new tax regulations they have been paying less and less. On the other hand, the middle class is short about $7 trillion in retirement funds.
  • The average amount of money saved for retirement is only about $6,500 for those between 50 to 64 years old.
  • Over 93% of us have had zero wealth growth in the last few years.
  • Corporate tax subsidies are twice the cost of pensions.
  • Banks have taken 40% of every 401(k) plan in charges.
  • Trillions of dollars in tax are avoided yearly by wealthy individuals and corporations – over double the cost of Social Security alone.
  • Corporations (and governments) right and left have failed to pay pensions as promised.

So we can wring our hands, vote the rascals out, and write to our congressmen and women. But the system will not be changed for years – if ever. There is something we can do NOW.

I suggest that you take control of your pension and figure out how you can start your own retirement business and forget about letting the banks manage your money.

(see my other article on title “Investing in the Stock Market is a Scam” too.

 Posted by at 12:38 am

How to decide which retirement business to start?

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Mar 212014
 

by Joseph Leonard

start-a-retirement-businessIf you have decided that either you need to supplement your retirement income or that you simply want to keep busy in your retirement, please consider these tips before even selecting from our Big List of Retirement Ideas.
Read more about Deciding which retirement business to start

How much effort do you want to put into your retirement business?

There are a lot of options available. Start with the biggest question which is how much work do you want to do? How many hours of your retirement do you want to spend working on your retirement business?

Types of retirement business structure.

  • Part-time: You run the business when you want, where you want. This has the maximum flexibility and it is one of the criteria on this web site that I suggest.
  • Franchise: The benefits of a franchise are you get training, support of a big brand name, and a success formula. In this same category, I am including being a sales representative selling such products as cosmetics, health supplements, cookware, and clothes by hosting a party in your house or calling on them in person. Be careful as some franchises demand a certain level of performance (sales) to remain in the program. You might not want to put in the time that they expect. Also stay away from those that want you to make a heavy monetary investment, meet quotas; attend pep-rallies, and put a lot of pressure on results.
  • Buy an existing business: This can seem more expensive but hopefully you get existing profitable customers, equipment, mailing lists, and help from the previous owner. Sometimes there is no need to re-invent the wheel from scratch.
  • Open at store: Unless you really need a lot of money, don’t spend your retirement days tending a store where you lose your freedom to work when you want. You will also probably need employees so that you can, at least, take a vacation.

From where will you run your retirement business?

  • Home-based: With today’s technology – internet, Skype, email, and other services you can work your business from your home. Most of the retirement businesses on this website can be home based.
  • Store front: This is not recommended unless you want to work yourself to death instead of enjoying your retirement.
  • Office or building: Moving out of the house can be convenient – especially if you need to meet customers on a regular basis or don’t have the space to store products that you make or sell. However, the longer you can avoid this additional expense the better. With most of the suggest retirement businesses here you can meet the customer at their place. If don’t have space to make things, consider renting month-to-month the garage space of a neighbor.

How much money to you want to spend?

My advice is to start small. Sell on a cash basis only. Ask for large down payments with the rest due on completion. Don’t make a big dent into your retirement savings.

More basic retirement start up business tips

Start a business that

  • Can turn a profit
  • Where you can find customers
  • With a unique niche proposition
  • And most importantly, start a retirement business that you will enjoy doing.

Remember that it is probably too late to become a millionaire or start a huge enterprise. Just to find something to do that will improve your retirement income and   doesn’t require you to “go to work” all over again.

 Posted by at 8:31 pm

Retirement Business Financial Calculators – free

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Mar 152014
 

financial-calculator-onlineA small business owner should not only be able to read a balance sheet and profit / loss, but should be able to do some basic analysis of the data using these

retirement business financial calculators

for such things a Current Ratio, Quick Ratio, and Working Capital. (I am adding more every day so check back.)

 


Basic accounting statements for a retirement business

There are two main reports that you need – a Balance Sheet and an Income Statement in order to use these retirement business calculators.

BALANCE SHEET:

This is a summary of the financial state of your business. Your business owns things like money and inventory which are called assets. However, your business might also have liabilities meaning that it owes money to others like a bank or suppliers. The difference in what you business has (ASSETS) less what it owes (LIABILITIES) is your EQUITY.

INCOME STATEMENT:

The other most important financial document is an income statement which is sometimes called the profit and loss statement. This document shows a summary of all the revenue that the company has minus the expenses to obtain the profit (or loss) of your company.

Your accountant or a good software program like QUICKBOOKS can supply you with all the numbers that you need for these

retirement business financial calculators

 Posted by at 11:55 pm

Are You Considering Starting a Retirement Business?

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Mar 122014
 

Many retired people, or soon to be retired, are thinking about

Starting A Business In Retirement

champagne-retirementThey find that use their retirement funds plus Social Security are just not enough to live well.

The options are

  • work for someone else for a set number of hours in a fixed location
  • or chart your own course with a baby boomer retirement business

Read more about Are You Thinking of Starting a Retirement Business?

Consider (now that you have the time) of starting a home-based enterprise based on your hobby or personal interest. If you do it right, a retirement business can not only give you a worth-while activity to spend your time but also it can help your savings last longer.

Of course, you have to know what you are doing. Too many people who were employees working for someone else all their lives, don’t know what it takes to be your own boss.

It is not difficult, but you must be prepared. You don’t want to spend all your retirement savings, get tied down to something you dread, and waste your time doing something that you don’t enjoy.

PRODUCT OR SERVICE?

There are basically two ways to make money – selling a product or offering services. These can be your products or services – or someone else’s products or services.

YOUR OWN PRODUCT or SERVICE

If you sell a product that you make, you are in complete control and make more money. But you will have to spend time making products which limits your time. And you will have to sell it to customers or other middlemen too. If you offer a service directly, you are essentially selling your time.

SOMEONE ELSE’S PRODUCT or SERVICE

If you sell something made by someone else, perhaps, you will make less money but you will free up your time for more selling and can drop products that don’t sell.

HOW THICK IS YOUR SKIN?

If you offer your own product or service, be prepared for criticism. There will be unhappy customers no matter who is a fault. – and sometimes it will be your fault.

When you offer products or services from someone else, you will not take criticism so personally.

Look around there are many products and services that you could sell for others.

START AT THE BOTTOM

  • A retirement business is not a get-rich-quick scheme. Your goal should not be to become the next Bill Gates. You only need enough money to supplement your retirement income. Don’t spend your way to success.
  • Select a modest goal and then look into the Best Retirement Business Ideas that you can find that fit your skills, passion, and personality.
  • Learn all you can about your retirement business. Leverage your skills and passions.
  • Start slowly.
  • Avoid employees or, at least, outsource to freelancers and independent contractors.
  • Make mistakes. You won’t learn unless you do something wrong.
  • Be ready to change your plan if it not working out but don’t give up too soon.
  • Love your work, not the money it makes.
  • Beware of scams like multilevel marketing, miracle products, overnight success stories, and high returns. The only people who make money with these are the organizers.

A retirement business might not be for everyone.

It takes work (not too much), patience, commitment, a plan, and most of all turning off the TV and doing something every day toward your dream.

Here are some good Retirement Business Ideas for further reading.

 Posted by at 9:17 pm

13 Tips for Selecting a Retirement Business

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Mar 112014
 

happy-retirementYou looked forward all these years to your retirement. But when you check your finances you find that:

  • You can’t sell the house for the profit that you thought due to the housing crisis
  • Your pension money got hit hard during the last recession
  • You didn’t quite save enough money

So what are your going to do?

Read more about 13 Tips for Selecting a Retirement Business

You could GO BACK TO WORK (never)  but

  • Good-paying jobs are scarce
  • There is age discrimination in spite of the law
  • And you don’t want to work 40 hours – this is supposed to be retirement

There is an alternative

Start your own Retirement Business

But not just any old business, you need a retirement business that:

  1. You can manage yourself with your current skills and knowledge
  2. You don’t need employees
  3. You want to work part-time
  4. You select the hours
  5. You don’t want to be tied down to a fixed location
  6. Start with little money and don’t gamble with your retirement money
  7. Live where you want to live
  8. Set realistic goals. The idea is to start a retirement business for supplemental income – not become a millionaire.
  9. Start small and make a checklist of things to do every week and DO IT.
  10. Enjoy what you are doing. Follow your dream now.
  11. Learn all you can about your retirement business before you start. But don’t procrastinate.
  12. Research. Investigate before starting.
  13. Make mistakes.

More about how to have your own retirement business

 Posted by at 7:09 pm

Review of Accounting Software for your Retirement Business

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Mar 072014
 

accounting-softwareAccounting for many of us is a necessary evil. However, the best way to track what is going on in your business is a good accounting software. I just posted a review of Accounting Software for your Retirement Business. These are most popular software programs available – Peachtree, QuickBooks, and Sage. Check them out!

 Posted by at 1:54 am

Retirement Business Accounting Software Reviews

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Mar 062014
 

dollar-signIf you run a retirement business, you need to maintain control of your sales and expenses. Of course, this can all be done with pencil and paper, but a more professional way is to use a small business account software system. There are many options from:

  • Spreadsheet like Excel
  • Personal Financial System like Intuit’s Quicken or Microsoft’s Money
  • Accounting software such as QuickBooks or Peachtree.

See my new page for a QuickBooks Online Review. I’ll be adding more in the next few days.

 Posted by at 4:22 pm
Mar 022014
 

translationI’ve noticed that this site has quite a number of visitors from other countries so I’ve implemented a language translator. Let me know if you find it useful. I happen to speak fluent Spanish and good German as well as English. So I could translate posts and pages into these languages if the machine translator is too unreadable. Let me know which pages to translate manually. Thanks.

 Posted by at 2:45 am

Top 10 Home Retirement Business Opportunities part 3

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Feb 182014
 

10 business ideas for retirees

by Joe Leonard

MSN MoneyThe web site MSN Money offers some good tips on choosing a retirement business.

  • Choose an idea you’ll follow through on.
  • Identify your goals.
  • Think about your past experience and skills.
  • Do you want to leverage past experience or break new ground?
  • Determine your risk
  • Pick a Retirement Business that fits your life style

Click here for more information on Top 10 Home Business Opportunities - Part 3 analyzed

1) Life or business coach

Take a course from an institute such as Business Coaching Certified and then join the International Coach Federation.

Also check out the Worldwide Association of Business Coaches for more information as this site is most suited to an older person who rose to the top of a company or organization. Also see my web page on a Consulting Retirement Business.

2) Retirement financial planner

I have a web page on a Tax Filing and Preparation Retirement Business. This article goes one step further into financial planning. According to the article, some 40% of working Americans said they will never afford retirement. A retirement financial planner can better those odds by offering investment and savings strategies, guidance on when to begin receiving Social Security benefits and other services. Other important issues can also be addressed, such as Medicare coverage, housing options and long-term care insurance. They suggest contacting the College for Financial Planning  to become a Chartered Retirement Planning Counselor or Chartered Retirement Plans Specialist. Start with this Social Security Retirement Guide.

3) Event planner

If you planned your own children’s wedding (or you own), you can show others how to plan other events such from conferences to lavish dinners. You also need to be very aware of your limitations. There’s a lot of pressure that goes with making sure everything is right.

4) Home stager

This article is a bit more than just offering a Cleaning Service Retirement Business by suggesting that you suggest also prep and beautify homes before they go on the market for sale.  You can also suggest ways to rearrange furniture and offer decorating ideas and other strategies to better a home’s presentation both inside and out. The article fails to mention where to find customers, but I would think letting real estate brokers know of your services would be a good place to start. If you not sure about home decorating check out this Home Decorating Made Easy Course.

5) Bed and breakfast operator

This type of business takes a major investment in money, time, and effort. You will probably also need employees. This is a full time commitment which is not the focus of this web site.

6) Cleaning service provider

As the article mentions start up costs are very low. They suggest starting with homeowners and offering cleaning products in addition to cleaning services. And important point is the if your start a Cleaning Service Retirement Business consider you physical condition if you don’t want to climb ladders  and make it clear you’re not going to climb a ladder to scrub outside windows and gutters.

7) Home inspector

Most home buyers today are hiring a home inspector before buying. If you have previous experience in the construction or real estate industry a Home Inspector Retirement Business could be ideal.  You can do everything from complete home examinations to testing for radon and other contaminants. Also check out the Home Renovation Part 1.

8) Etsy-based business operator

Etsy is an e-commerce similar to the eBay Retirement Business but it focuses on handmade or vintage items, supplies, as well as unique factory-manufactured items. This is just one additional market for your Antiques Retirement Business. You can sell your old art, photography, clothing, jewelry, food, bath and beauty products, quilts, knick-knacks, and toys providing you have made them or they are 20 years old or more. Visit the Etsy website for more information.

9) Daycare provider

A Daycare Retirement Business used to be a great idea. However, many localities now requirement certification, training, and even modifications to your home if that is where you want to operate. Moreover, running a daycare requires you to be in a fixed location for a fixed number of hours and you will probably need an employee or partner as you don’t want the liability of leaving young children alone while you go to the bathroom or in another room. They require constant attention. My advice is that a Daycare Retirement Business is not a good choice.

10) Tutor

I have a web page on starting a Tutoring Retirement Business. They suggest looking into the Tutor Village which is a network of tutors. Don’t limit yourself to just academic subject either. Also check out Tutoring in Top 10 Home Retirement Business Opportunities Part 2.

Coming soon…Part 4 of Top 10 Home Retirement Business Opportunities

From the article – 10 business ideas for retirees according to MSN Money.


This is PART 3 of Top 10 Home Retirement Business Opportunities. (Click here for Part 1 or Part 2)


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Feb 142014
 

How Stuff Works logoThe web site How Stuff Works has an article suggesting some Retirement Businesses that could be run from your home. Let’s at them from the perspective of how they might be good retirement business. Let me know if you would like more information on any of these and I will devote a separate web page to them!

Click here for more information on Top 10 Home Business Opportunities - Part 2 analyzed

1) Tutoring

I have posted some information on starting a Tutoring Retirement Business on this web site.  How Stuff Works has some good links to online tutoring companies looking for instructors. In addition to tutoring academic course, they suggest looking into helping students with SAT and ACT tests for college entrance requirements as well as the GED – General Educational Development, GMAT – Graduate Management Admission Test, GRE – Graduate Record Examinations and LSAT – Law School Admission Test.

I’d like to hear some comments on your success with tutoring. How did you start? What do you teach? Where do you get students?

2) RV/Camping Jobs

These are jobs working in a fixed location for specific days at a salary. So they don’t meet my criteria above.

3) Bed-and-Breakfast Owners

This type of business takes a major investment in money, time, and effort. You will probably also need employees. This is a full time commitment which is not the focus of this web site.

4) Property Management

Typically this involves showing apartments, taking calls from tenants, arranging for maintenance in exchange for free rent and / or a small payment. While an interesting idea, you might find it difficult to travel and will be on-call 24 hours.

5) Online Jurors

Lawyers often need to know how their presentation of a case might be decided. So they employee online jurors. The hours are very flexible but the pay seems very low ($10 per case??). Check it out if you have time as it can be done from home.

6) Tax Services

Helping people with their taxes is a very good seasonal business that can pay very good money. I have a web page called Tax Filing Service Retirement Business.  How Stuff Works suggest that you register with the IRSp to become a tax professional if you are not already a licensed attorneys or CPA.

Also look into learning the ropes from H&R Block tax preparation courses for beginners. Be careful that they don’t limit you with a contract that prohibits you from going out on your own later.

Does any of my readers have some tips and suggestions on starting a Tax Services Retirement Business?

7) Writing/Blogging

About the only advice that How Stuff Works for making a business out of writing is to start a blog and earn money from advertisements. The problem is that you need massive amounts of traffic to earn any money. A better use of your writing skills is to write for Amazon Kindle or SmashWords or at least sell affiliate products through Viglink on your web site (like I do here) and have access to 30,000 plus products you could sell on your web site..

Their second suggestion is to write for other blogs and get paid. The problem is that this won’t make you very much money. It’s better to write for other blogs that have high traffic in your market (even for free) as long as they will give you a link back to your web site where you make money with your own products or as an affiliate.

8) Pet Sitting

I have some information on making Dog Houses as a Retirement Business but never thought about Pet Sitting. According to How Stuff Works about 60% of households have pet and pet hotels are expensive. All they need is someone who will feed the pet and let it out for a walk.

There is a National Association of Professional Pet Sitters that can give you more information.

Is there enough interest for me to do some research and write more about a Pet Sitting Retirement Business?

9) Catering

I looked at catering and food preparation and ruled it out because it has the following problems: you probably won’t be allowed to use your own kitchen without major changes for health inspection; you could be liable for food poisoning or worse; you may need to pass a government exam in nutrition, health, and safe handling of food; it requires an inventory that will spoil it not sold. All in all, I’d stay away from catering.

10) Consulting

The How Stuff Works article mentions the importance of consulting but does not give specifics. I much prefer my own web page on starting a Consulting Retirement Business.

From the article – 10 Business Ideas for Retired Couples according to How Stuff Works.
This is PART 2 of Top 10 Home Retirement Business Opportunities. (Click here for Part 1 or Part 3)


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Top 10 Home Retirement Business Opportunities part 1

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Feb 062014
 

About.com logoThe web site About.Com has an article on the top 10 Retirement Businesses that you might consider starting – Home Renovation Services, Life/Business Coaching Services, Pet-Based Products, Catering Services, Cleaning Services, Fall Prevention Products, Wedding Consultant/Planner Services, Ecommerce, In-Home Beauty Services, and Sewing / Alteration Services

Let’s at them from the perspective of how they might be good retirement business.

Click here for more information on Top 10 Home Business Opportunities - Part 1 analyzed

1) Home Renovation Services

This is a Handyman Retirement Business on a larger scale requiring more skills, more profit per project and more risks, too. It can certainly be run from your home as a retirement business – especially if you use subcontractors for the heavy work or for skills that you do not possess.

The advantage is that the profits can be greater than just being a handyman. It does require you, however, to show up to supervise the progress and the risks are greater if the renovation goes wrong. D

Do any of my readers have experience in starting a Home Renovation Retirement Business? Would anyone like me to post more information on this topic?

2) Pet-Based Products

I looked into building dog houses as a retirement business http://aeiou.org/doghouse-retirement-business. However this could be expanded to include food, mats, and toys. What do you think?

3) Catering Services

I thought about food services as a retirement business bu ruled it our because of health permit concerns. For example, if you prepare food yourself, you might have to be licensed or take government approved classes. You might even have to spend a lot of money to improve your kitchen.

However, you might be able to start a catering business without all these concerns if all the cooking and serving were done by other licensed caterers. You, of course, would do the marketing for business meetings, graduations, parties, and weddings and such.

Your advantage is that you can offer your clients a variety of options of different foods for different budgets as well as additional services such as flowers, valet parking, and waiters.

4) Cleaning Services

The article has little to add to what I’ve said about starting a Cleaning Retirement Business.

5) Fall Prevention Products

People do fall more often as they grow older as this article points out. They suggest offering products to prevent falls. The only things that I can think of are selling walkers or installing things like handrails or electric elevator chairs. Is there a big market for this? Wouldn’t a store front be the best way to sell these products? How would one reach this market? I don’t think that this meets my criteria above. What do you think?

6) Wedding Consultant/Planner Services

This is a very good idea that I have not considered. I have friends who started a Wedding Consultant Retirement Business and are doing very well. They help in selecting the rings, invitations, wedding dresses, church,  reception, photography, and even the honeymoon. Charge for your consulting as well as a commission on each service that you arrange. I’d like to start a web page on this. What do you think?

7) ECommerce

Making money on line is a hot topic now. (In fact, this web site is my own on line retirement business as you can tell.)

However, be careful. There are a lot of people selling information on how to get-rich-quick on the Internet.

If there is an interest, I can start a web page which takes you through the steps of how to supplement your retirement income with eCommerce. Just let me know. In the meantime, look at my web page of eBay Retirement Business and Craigslist Retirement Business.

8) In-Home Beauty Services

This is NOT a good retirement business. About.com is not giving good advice here. I do not want to encourage you to start a business that violates the law. In most cities, you must be licensed, and it is forbidden to operate a beauty salon from your home. Even manicures, pedicures, massages and acupuncture have their liabilities and licensing requirements. I know that many people do this by ignoring the law and have never got into trouble – but I can’t recommend it.

However, it is possible to make your own cosmetics (not miracle health claims please) or resell products from others. See my web page on Cosmetics Retirement Business.

9) Sewing and Alteration Services

I have a web page on making aprons which, perhaps, I should expand to include more sewing ideas as mentioned in the article. Again, don’t have clients come to you home unless you live in the properly zoned area.

Since I am not getting many visitors to my Apron Maker Retirement Business I hesitate to spend more time on expanding to include other similar items.

10) Life/Business Coaching Services

This is another hot business. But my view is that the competition is fierce and you really need specialized training. It could be difficult to find clients and you might find that they really don’t want to pay much per hour. For now, I’m passing on including it on this web site. Any contrary opinion?

If you would like more information on any of these and I will devote a separate web page to them!

From the article – Top 10 Home Business Opportunities according to About.com
This is PART 1 of Top 10 Home Retirement Business Opportunities. (Click here for Part 2 or Part 3)


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Retirement Business Opportunities Overseas

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Feb 022014
 

Retirement Business Overseas

International LivingYou don’t have to start your retirement business in just Canada or the United States, you can retire overseas too. This site AEIOU is run by me from Mexico and it is just one of my retirement businesses.

Here is an article by International Living on opening a business in Ecuador, Guatemala, and Uruguay.


Click to read more about Retirement Business Overseas
Expat Kevin Sheehy opened a restaurant in the cool-weather capital of Quito, Ecuador with just $14,000.

In the U.S., you cannot do what I have done here in Ecuador…you’d have too much debt to worry about,” says Kevin Sheehy, who bank-rolled his first venture—a Vietnamese restaurant—in the cool-weather capital of Quito with just $14,000.

One business opportunity led to another, and today his success overseas means that Kevin enjoys the flexibility to live in a place he loves (the weather is spring-like year-round) and spend four months every year traveling.

He is just one of many expats who has found that opportunity knocks loudest when our boots are on the ground abroad. Accidental entrepreneurs, like the ones we profile here, embrace opportunities sometimes hard to come by in the States, where start-up costs are higher and competition more developed.

Some expats stumble upon a place they love and just don’t want to leave. But staying often requires an income. And that demands some ingenuity…Josh and Courtney Wilson fell in love with San Marcos, Guatemala, for instance, and, needing to fund their lives there, established a school. Today it has an international reputation and a staff of 16.

Kat and Bruce Bennett were enchanted with life in La Paz, Mexico. To make living there doable, they bought an English-language bookstore—they’d always loved books—and today get to spend their days close to the seafront.

Sometimes expats find themselves turning passions into profits. Liz Cowley turned her interest in the history of her adopted home town, Montevideo, Uruguay, into a viable business offering walking tours of the city.

Once you’re in a new place, entrepreneurial expats report, it’s not hard to spot niches or gaps in the market that you’re perfectly suited to fill. You may end up making money in a way you’d never have predicted back home.

To prove that point, we’ve collected the stories below from expats abroad who happily fund “the good life” through ventures they discovered—or created—overseas.

Posted on November 14, 2012 by International Living   February 2014


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Jan 032011
 
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Retirement might be sooner than expected

Here you will find Best Startup Retirement Business ideas to help. This site offers free retirement business ideas, articles, resources, tips, and forums for starting your own retirement business. If you find that your savings, pensions, house value are not what you expected, and you don’t want to go back to a JOB, then check out these ideas. Follow you dreams and have a better retirement life.

Never-Work-Again-bookGet this free book & Never Work Again.

Click here to read more about Best Retirement Business Ideas Overview

Retirement Finances.

Do you have enough saved? Is your 401k, IRA, Social Security or CPP adequate to live on? Will you have to sell your house at less than you thought? Many of us retirees find that we just won’t have the income we expected.

Retirement Income Options

One option is to continue to work at your present job. Another would be to look for another, possibly part-time, job even though it might be a significant cut in pay.

Retirement Business Ideas

On this website we will be exploring, unique Retirement Business ideas that:

  • Allow you to work the hours you want
  • Doesn’t require that you be at a fixed location every day
  • Can be started with very little cash investment
  • Has not need for employees and all the paperwork involved
  • Is not a get-rich-quick or multi-level marketing scheme but a supplement to can work when you want?

Benefits of your own retirement business

When you have your own Retirement Business you can:

  • Do what you enjoy – and make it pay
  • Follow your dreams.
  • Expand you passion.
  • Get paid to travel.
  • Learn new skills.
  • Make a list of your passion. Do you have a hobby? Want to travel? Something you always wanted to learn?
  • Work the hours that you want, where you want, and on the projects that you want. You no longer will be working for a boss and held back by company policies not under your control.
  • Invest in yourself
  • Learn new skills and work on your strengths.
  • You’re the boss

Check out of Big List of Start Up Retirement Business Ideas


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This site offers free retirement business ideas, articles, resources, tips, and forums for starting your own retirement business.

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