ex per t advice
Jill Abrahamsen | Editorial Director | International Franchise Professionals Group (IFPG)
GREAT SE IDEAS AFTER They say that 60 is the new 40, which could explain why so many people seek second careers after retirement. Many retired folks still have a lot to give, want a renewed sense of purpose, and wouldn’t mind a supplemental income. But most retirees aren’t after the typical 9-5 job. They want flexibility. Luckily, franchising offers a fast path into a second career that can give retirees an ideal work-life balance. Many franchisors have designed their business models for absentee or semi-absentee ownership. With them, owners can mostly be hands-off. Some require as little as 5-20 hours a week to run. Many people even invest in these businesses while they are still employed, with their sights set on a retirement gig. Through franchising, retirees can find a true second act with the retirement lifestyle they always wanted. And the best part is that there’s no need to go back to school or fill out job applications. Here are some great second career ideas that retirees can find through franchising.
Fitness: Fitness franchises are an excellent option for retirees who want a fun, feel-good business. With many fitness brands, franchise owners can hire a general manager to operate the day-to-day activities. Most have membership-based models where owners reap the benefits of recurring revenue and high ROI. Many of the new, smaller boutique brands have low overhead and require small studio space. They also create a sense of community with members that leads to high customer retention.
Franchising USA
