Is it a good idea for a Baby Boomer to start an Internet Business in Retirement?
This is a question on the minds of many Baby Boomers who see it as a way to supplement their income in retirement. Rita from The Survive and Thrive Boomers Guide asked me if I could write a post about boomer’s setting up a small business without risking their nest egg. Be sure to visit her excellent site for all sorts of information for Baby Boomers. This post partly answers that question.
I have run a small computer consultancy business from an office with staff and from an office at home. I much prefer the freedom of working from home and the fact I have no staff to worry about. I was always chained to the business when I had an office.
Fast forward to now when I am in semi-retirement. Much of the computer consultancy work is sub-contracted out now. So I was wondering what I should do with my time. I decided I would see what I could do on the Internet. Luckily my home office was set up years ago and is now serving me well as I try to build my own Internet presence.
But back to my question. If Baby Boomers are looking for a second income to supplement their pension and social security payments then the Internet may provide a way to do that. It can be a low cost, low risk opportunity to create a second income if done right. However it is something that will require time and commitment to make it work. Take my own experience.
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