If you are keen to begin a new business adventure, but you feel like you have missed the boat, you need to reconsider your options. Starting a new venture is less age-related and more experience based. Older moms who are nearing retirement or who have seen their kids fly the nest often have a wealth of transferable skills and experience that can make them incredible entrepreneurs. Resilience, hard work, and perseverance can come more readily to you. These traits will stand you in good stead and help you thrive in the competitive world of mompreneurship.
If you’re an older mom who is near retirement you may want to consider these three potential business ideas.
If you are enjoying a gentler pace of life since the kids have left home, you might be utilizing the opportunity to embark on your own pursuits. If you adore painting, craft, or sculpture, why not consider turning this love into a business. You could paint portraits of pets, enjoy taking photographs in a home studio or design your own range of greetings cards. People adore the smaller business that has an artisan feel to it. Premium arts and crafts shops can also be a haven for supplies to help give your ars that exclusive edge. Doing something that you love will always result in a better work to home life balance meaning that you have more time to spend with family and friends.
If you have your own patch of bricks and mortar, you might want to take a foray into the world of property development. By using a reverse mortgage and releasing equity from your current pad, you could choose to reinvest this into a second property that you can let out. By selecting a dwelling that needs a bit of work doing to it, you can further outperform the market. Many older experienced women have chosen this career path after redundancy or if they need a new challenge after motherhood. Buy well and you could have an asset that pays for itself every month with your tenant’s rent who;e your property also increases in value. Do this with a few pads and you could end up with a highly profitable portfolio.
It may seem a little cliche but as we grow older we tend to appreciate our outdoor spaces a little more. If you have a garden that you adore tending to every weekend, consider how you can turn your love of nature into a business. Many people choose to cultivate the seeds from their own plants to sell on sites like Etsy. Alternatively, your love of wildlife could see you crafting your own range of organic bird food, bee bombs to attract pollinators, or insect hotels to help build mini wildlife habitats in other people’s outdoor spaces. During lockdowns, our gardens have become more important parts of our homes, so now may be the ideal time to take advantage of this new positive feeling towards nature.
Use these ideas as inspiration and enjoy becoming a mompreneur.