Photo by taoty, FreeDigitalPhotos.net
You’ve retired. That’s supposed to be the end of working, right? But now you’re bored, or you’re feeling unfulfilled, or golf and gardening aren’t actually as much fun as you’d imagined. Maybe money is tighter than you had expected and you need additional income. Whatever the reason, you’ve gotten a second wind in the career department.
Sometimes it’s called recareering. The U.S. Small Business Administration (SBA) likes the term encore entrepreneurs. It’s when people start a new business later in life, usually between the ages of 50 and 65. In fact, in a 2009 report, the Kauffman Foundation said that the highest rate of entrepreneurial activity belonged to the 55 to 64 age group.
According to the SBA, one in four individuals between the ages of 44 and 70 is interested in becoming an entrepreneur. Oftentimes, this involves starting a franchise business.
Franchises offer people who are at or near retirement age many benefits and advantages over starting an independent business from scratch:
- Proven business concept
- Proprietary business systems
- Training and/or education
- Assistance launching the business
- Advanced technology
- Buying power
- Established branding
- Ability to start the business quickly
Starting a franchise can offer the opportunity for great financial growth and freedom, and since you choose your work hours, franchising also allows you flexibility with your schedule. Moreover, it’s definitely worth your time to investigate the options for a low-cost franchise (under $100,000). According to research firm FRANdata, there are currently 668 low-cost franchise opportunities in 29 industries, so you can start a new career in virtually any field.
Get Your Second Wind With Property Inspection
A field you may not have previously considered for a second career or franchise is property inspection — conducting home and commercial building inspections. It’s an exciting and challenging opportunity, and you’ll start a business that you can grow and either sell or pass on to your children.
Named a top low-cost franchise by Franchise Business Review, National Property Inspections, Inc.,* scored outstanding with 4.1 stars on our 2015 franchisee satisfaction survey — click here to read the survey summary. In addition, we are listed on many top franchise lists. And, NPI/GPI is the only property inspection franchisor that trains its franchise owners to perform both home and commercial building inspections, offering the opportunity to diversify your business and increase your earning potential.
Now is a great time to start your second career by launching your own business. National Property Inspections and Global Property Inspections have plenty of open territories where you can start your own home and commercial property inspection business. We offer an intensive, comprehensive training program, and our home office staff in Omaha, Nebraska, will help you every step of the way as you build your business. Plus, military veterans receive a 15 percent discount on the franchise fee.
* We operate as National Property Inspections in the United States and as Global Property Inspections in Canada.