41 Ideas to get you thinking

ideas for retirement

If you’re in your early 50s or beyond and thinking about starting something new, you’re not alone. More people than ever are choosing to launch second-act ventures after a corporate career, a break from full-time work, or even early retirement.

 The scale of what you decide to do will depend upon your ambitions and resources, but the following is a list of 41 relatively low-cost ideas to help get you thinking. 

 What you do need is:

  • A clear path that fits your experience and lifestyle

  • A smart idea that plays to your strengths

  • A bit of help to get moving without wasting time or money

1. Equipment Rental

Rent equipment which people might only need occasionally and which might also be too bulky to store.  For example, car top-boxes, e-bikes, small marquees, inflatables for children’s parties.   

Why it’s worth considering:

  • Ideal for practical types

  • Local service with repeat business

  • Diverse opportunities

2. Guided Walks or Local Tours

Turn local knowledge into an experience.

If you know your area well — its history, nature, or hidden gems — you can offer walking tours or themed experiences. Perfect for storytellers and those who enjoy time outdoors. Combine with apps to create hybrid or self-guided tours and experiences.

Why it’s worth considering:

  • Low cost to start

  • Fresh air and exercise

  • Engaging and social

 

3. Online Education / Course Creation

Teach what you know to a new audience.

Platforms like Teachable, Podia, Udemy or even YouTube make it easy to share knowledge through online courses, coaching programs, or video tutorials. If you enjoy explaining things or mentoring others, this could be your thing.

Why it’s worth considering:

  • Passive income potential

  • Can start small and grow

  • Ideal for knowledge-sharing professionals

 

4. Batch Food or Drink Brand

Create a unique product with local flair.

From hot sauces to craft beer, jams, or non-alcoholic drinks — launching a food or drink brand can be a fulfilling creative outlet. Start at markets or online and grow from there.  You could also consider approaching local manufacturers with spare capacity to make your recipe or brand.

Why it’s worth considering:

  • Tangible product

  • High personal pride

  • Great local customer base with potential to expand

 

5. Coaching or Mentoring

Support others with life or career change.

Life coaching, career coaching, retirement transition support — all growing fields. If you’re a good listener and enjoy helping people work through challenges, this can be very rewarding.

Why it’s worth considering:

  • Deeply meaningful work

  • Can be online or local

  • Flexible and scalable

 

6. Herb or Small-Scale Produce Grower

Grow and sell to local markets or restaurants.

Great for gardeners with access to land (or even a large balcony). Herbs, chillies, salad greens, and edible flowers are especially popular.

Why it’s worth considering:

  • Seasonal and flexible

  • Low-tech and sustainable

  • Increasing demand for local produce

 

7. Genealogy Research Service

Help people trace their family history.

If you’re detail-oriented and enjoy research, this can be a fascinating business. Use genealogy websites and archives to create family trees and heritage reports for clients.

Why it’s worth considering:

  • Engaging, detective-style work

  • Often very rewarding emotionally

  • Niche with growing interest

 

8. White Label or Dropshipping Brand

Sell products online without holding inventory.

Use platforms like Shopify, Etsy, or Amazon to sell goods under your own brand, often sourcing them from wholesalers or print-on-demand providers.

Why it’s worth considering:

  • Home-based

  • No need to invent a product

  • Can build something valuable long-term

 

9. Service-Based Local Business

Use practical skills or interests to serve your community.

Think pet care, gardening, tech help for older adults, or meal prep. If you prefer real-world interaction, these low-cost, high-demand services can fit perfectly around your schedule.

Why it’s worth considering:

  • Easy to start small

  • Can be social and hands-on

  • Often scalable

 

10. Event Planning or Micro-Wedding Coordinator

Specialise in small-scale events like milestone birthdays or intimate weddings.

Why it’s worth considering:

  • Very rewarding and people-focused

  • Good if you’re detail-oriented

  • Growing market for small, elegant events

 

11. Franchise Opportunity

A ready-made business with brand and support — but not for everyone.

Franchises can include cleaning, coaching, food, senior care, or van-based businesses. They often include training, brand recognition, and operational support. But they come with a price.

Why it’s worth considering:

  • Built-in support and marketing

  • Proven model

But also keep in mind:

  • Expensive upfront (can range from £20k–£100k+)

  • Ongoing fees and rules

  • Less flexibility — a concern for many 50+ entrepreneurs

  • Always do proper research

 

12. Floristry Business

Create arrangements for events, gifts, or subscriptions.

Whether from a home studio or market stall, floristry can be creative, hands-on, and locally rooted. Training is available online and in person.

Why it’s worth considering:

  • Visually rewarding and creative

  • Low initial costs

  • Popular for weddings, funerals and gifting

 

13. Mobile Food or Catering Business

Turn your love of cooking into an income stream.

From baked goods to home-delivered meals or pop-up events, food ventures can be creative and scalable, especially if you offer something slightly unusual, like paella, which can also be used by pubs when they don’t have a chef available.  You'll need basic certifications, but startup costs can be relatively low.

Why it’s worth considering:

  • Social and rewarding

  • Flexible scope

  • Endless niches to explore

 

14. Antique or Specialist Dealer

Sell vintage or niche items you’re passionate about.

Start with what you know — whether it’s books, vinyl, watches, or furniture. Sell via marketplaces, fairs, or your own site.

Why it’s worth considering:

  • Start from your interests or collection

  • Flexible scale

  • Thriving resale market

 

15. Freelance or Consulting Business

Use your career experience to advise or support others.

Whether your background is in HR, marketing, operations, bookkeeping, compliance or sales, someone out there needs that knowledge — and will pay for it. You can package your expertise into part-time freelance work or structured consulting services.

Why it’s worth considering:

  • Leverages what you already know

  • Can be entirely home-based

  • Flexible hours and scope

 

16. Fitness Instructor or Wellness Coach

Offer in-person or online classes tailored to 40+ clients.

Whether it’s yoga, walking groups, or over-50s fitness, many clients prefer trainers who understand their life stage.

Why it’s worth considering:

  • Rewarding and energising

  • Scalable from 1:1 to group sessions

  • Online and offline potential

 

17. Jewellery Maker or Repair Service

Handcraft or restore personal items with value.

Start with courses or kits and grow into custom commissions, repairs, or small-batch collections.

Why it’s worth considering:

  • Creative, detailed work

  • High perceived value

  • Great for local markets or Etsy

 

18. Digital Product Creator

Sell templates, planners, or guides online.

Design digital tools others can download and use — like budgeting sheets, CV templates, or wellness planners.

Why it’s worth considering:

  • Passive income potential

  • No inventory or shipping

  • Great for creative problem-solvers

 

19. Elder Tech Support or IT Tutor

Help others learn to use digital devices or tools.

Run sessions on Zoom, phone, or in person. Focus on basic phone, tablet, or internet use.

Why it’s worth considering:

  • Simple, practical help

  • Strong demand among older users

  • Can lead to repeat business

 

20. Virtual Assistant or Remote Admin

Support entrepreneurs or small teams with admin.

Manage calendars, emails, bookings, and documents — all from home.

Why it’s worth considering:

  • Low barrier to entry

  • Suits organised professionals

  • Steady part-time work

 

21. Home Organising or Downsizing Help

Help clients simplify, sort, or move.

Support seniors, busy families, or those downsizing with decluttering, packing, or home setups.

Why it’s worth considering:

  • Very satisfying results

  • Word-of-mouth business

  • Ideal for empathetic, practical people

22. Freelance Writing or Editing

Use your language skills for content or copy.

Write for blogs, businesses, publications, or offer proofreading and editing services.

Why it’s worth considering:

  • Location-independent

  • High demand across sectors

  • Easy to build a portfolio online

 

23. Pet Sitting or Dog Walking Business

Offer regular or vacation care for pets in your neighbourhood.

Why it’s worth considering:

  • Flexible hours

  • Low startup costs

  • Demand is growing as people travel more

 

24. Property Management for Short-Term Rentals

Help owners manage their Airbnb listings: bookings, cleaning, and guest communication.

Why it’s worth considering:

  • Low overhead if done locally

  • Good for organised communicators

  • Potential recurring income

 

25. Sustainable Living Consultant

Advise households or small businesses on eco-friendly practices.

Why it’s worth considering:

  • Emerging industry

  • Ideal for values-driven professionals

  • Highly customisable

 

26. Retreats or Group Experiences

Organise themed retreats — writing, wellness, art — in inspiring settings.

Why it’s worth considering:

  • Immersive and transformational

  • Can be high-value

  • Many niches to explore

 

27. Online Marketplace Seller (eBay, Etsy, Vinted)

Resell clothes, electronics, or vintage items through established platforms.

Why it’s worth considering:

  • Flexible hours

  • Can start from home clutter!

  • Good learning path into e-commerce

 

28. Specialist Tour Organiser

Organise specialist tours based upon culture, religion or shared interests.  Create blogs and content for websites too.

Why it’s worth considering:

  • Opportunity to travel

  • Rewarding and people focussed

  • Growing market for specialist tours

 

29. Digital Marketing Freelancer

Offer services like email marketing, social media, or basic website building.

Why it’s worth considering:

  • High demand across industries

  • Often project-based

  • Great fit for past marketers

 

30. Online Community Host or Moderator

Create or manage groups for professionals, hobbyists, or local networks.

Why it’s worth considering:

  • Can grow into paid memberships

  • Meaningful peer connection

  • Ideal for people-focused organisers

 

31. Photography Business

Shoot portraits, events, or nature — or sell stock photos online.

Why it’s worth considering:

  • Creative and flexible

  • Low-cost equipment options now available

  • Ideal if you already enjoy photography

 

32. Bespoke Gifting or Hamper Business

Create and deliver thoughtful, themed gift boxes for clients, birthdays, or holidays.

Why it’s worth considering:

  • Ideal for detail lovers

  • Can start from home

  • Strong repeat customer potential

 

33. Podcast or YouTube Channel

Share expertise, interviews, or entertainment via audio or video.

Why it’s worth considering:

  • Creative expression

  • Can lead to sponsorships or product sales

  • Home-based and scalable

 

34. Online Marketplace for a Niche Hobby

Build a micro-platform for crafters, collectors, or enthusiasts to buy/sell items.

Why it’s worth considering:

  • Ideal for hobbyists

  • Community-focused

  • Can become a hub with recurring revenue

 

35. Personal Chef or Dinner Party Host

Offer in-home dining experiences or meal prep for busy families.

Why it’s worth considering:

  • Personal and satisfying

  • Low overhead

  • Perfect for confident cooks

 

36. Language Tutor or Conversation Partner

Teach English or another language online or in person.

Why it’s worth considering:

  • Flexible scheduling

  • Global demand

  • No formal teaching degree required in many cases

 

37. Professional Declutterer (KonMari, Swedish Death Cleaning)

Help people simplify with purpose — especially seniors or those moving.

Why it’s worth considering:

  • Therapeutic and useful

  • Word-of-mouth potential

  • Often leads to follow-on work

 

38. Sewing, Repairs, or Upcycling Business

Fix or customise clothes, cushions, curtains — or turn old into new.

Why it’s worth considering:

  • Sustainable and unique

  • Low material cost

  • High creative satisfaction

 

39. Senior Companion or Support Service

Non-medical support for older adults — errands, conversation, organising.

Why it’s worth considering:

  • Very rewarding personally

  • Often paid privately

  • Helps families and clients

 

40. Online Print Designs (Cards, Posters, T-Shirts)

Sell your own designs using print-on-demand platforms.

Why it’s worth considering:

  • No inventory

  • Passive potential

  • Great for graphic or typography lovers

 

41. Speech writer or Ghost Writer for Biographies

If you enjoy writing, you could try commercialising it by writing speeches or ghost writing biographies for self-publishing.  Consider creating video biographies too. 

Why it’s worth considering:

  • Low overhead

  • JHome-based

  • High creative satisfaction

If you’d like to chat through ideas and gain a better understanding of what’s involved in starting a new business, book a free 15 minute conference call and I’ll be happy to see if I can help. No obligation, no sales-talk, just a chance to bounce your thoughts around.