Business after Retirement in Nigeria

When you retire, this is the time that you must be rewarding yourself for years of hardworking.

It is the time to travel, to celebrate with friends and loved ones, and to pamper self.

However, what is happening is otherwise because of the fear of lack.

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Yes, there is a retirement fund that you can spend but you are being controlled by the “What if I ran out of funds? Or what is an emergency matter happens?” questions.

Before you get overwhelmed and spoil your supposed to be fun and fulfilling retirement.

Think that there are lots of earning opportunities that you can work on even if you are already a retiree.

Perhaps you’ve been in the same job for decades before your retire.

You’ve been an employee always and never a boss.

As you retire, it’s time to be a boss by building a business same as the line of your previous job.

This is the best time to extract all lessons learned and be one of the competitive businesses in the market.

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Here are some of the opportunities you have as a retiree;

Sell the Good Old Stuff

If you are fond of collecting things when you were young, do you keep them intact?

It is time to share those good old stuff to the younger ones.

Try selling those with little value to you but you think will have more value to others.

When you do your selling, do not sell as of you are holding a garage sale.

Be wise by grouping your stuff and sell them by season.

Through this, you are sure to have better sales since you can target particular needs of people in that season you are selling.

Become a Trainer in Skills

If you have been at your best in your craft while you were working, you can share your mastery through training.

You can conduct classroom or practical training and earn from it.

It need not be complicated; just a short but will be beneficial training is enough.

Buy a Property to Rent out

Rental income can be defined as a pure passive income.

You can even outsource the routine maintenance work on your rental property to others.

If you have the resources, you can buy a property. You can use your retirement package to fund this mortgage.

This will not entail too much work from your end. It will just require you to visit and check monthly at most.

Become a Tour Guide

If you have a place that you like going to from time to time; or you have tourist spot in your local area, you can apply as a tour guide.

Since this will just be a part-time job, you won’t need a salary as an employee tour guide.

Just make sure you’ll be an active tour guide who can make the tour worth remembering.

Review you history subject and make your own tour guide piece. You can also sell tour keepsakes.

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Sell Home Made Foods:

Cooking is fun. can easily sell them especially if you have a competitive price. However, the competition among sellers may be stiff.

A good trick you can use is to look for offices (it can be your previous office) where you can sell your meals.

Negotiate with their HR team and have a contract with them. By doing this, you are assured of making profit

Retired individuals with advanced degrees or specialized experience can consider a career in consulting.

Consultants can leverage their years of expertise, training, and connections and set their hours to avoid a full-time workload.

For example, retirees with experience in programming, website development, finance, and litigation are highly sought after.

If you need a complete business plan, please let us know.

Or, you want us to help you set up this business, kindly contact us.

Otherwise, Please check out these other business ideas

Business after Retirement