#4 Coffee Shop

This one could have been your dream business venture, and you may think that now that you have more time in retirement, it is a great idea to open a small cafe. While it is not the worst business venture to pick up as a retiree, you should also envision how this one would look and be objective.

There are lots of people out there that love coffee, and it would be a good idea if you had the perfect placement for one of them. What we mean by this is that you should make sure that you can find a spot that is close to a lot of employees or students, as they are statistically the ones that are going to visit coffee shops the most. With people working from home and the hard economic times we are going through at the moment, the up to $30 on coffee the average American was spending before is seen as a lot of money that could be saved for something else.

Since going out for coffee is not something that is done as easily as it once was, you should think twice before setting up such a business!

However, you should always consider the option that you could find a part-time job as a retiree! Read all about the best choices you could do that will not eat up all your free time here!