Purchasing a Franchise Business for Retirement

Ian C. Langtree - Writer/Editor for Disabled World (DW)
Published: 2011/04/07 - Updated: 2023/03/12
Topic: Work from Home Jobs - Publications List

Page Content: Synopsis - Introduction - Main

Synopsis: Retirees are ideally suited to operate a franchise business that suits their skills and is targeted to their financial goals. According to CDC statistics, today's average 55-year-old American will live another 30 years. The active and health-conscious live significantly longer. Thirty years is more than enough to build and enjoy a small business.

Introduction

Planning for retirement? More retirees are considering the economics of franchise business ownership.

According to the Kauffman Foundation's just-released Kauffman Index of Entrepreneurial Activity, near-retirees (aged 55-64) represent a rising share of new entrepreneurs in America. According to the survey, this age group represented 22.9% of new entrepreneurs in 2010 compared to 14.5% in 1996.

"In our consulting practice, we have observed a growing interest in small business ownership from near-retirees and retirees," says David Goldbaum, a retired economist and the founder of Franchise Economics Inc. This company assists those seeking economically viable franchise businesses. "The economy has spurred some of the growing interest, but longer-term trends are also at play," Goldbaum continues.

Main Item

Retirees Live Longer Than Ever:

Today's average 55-year-old American will live another 30 years, according to CDC statistics. The active and health-conscious live significantly longer. Thirty years is more than enough to build and enjoy a small business.

Retirees Will Stay Healthier Longer Than Ever:

Advanced medical care and trends in healthy consumption and attitudes have made us a highly productive and capable group of Americans. Retirees are ideally suited to operate a business that suits their background and skills and targets their financial goals.

Small Business Ownership is a Great Way to Stay Physically Active and Mentally Stimulated:

For individuals who enjoy mental stimulation, community involvement, and an active lifestyle, managing a small business can be the right approach. A business matched to the individual's temperament, lifestyle goals, and interests can contribute to physical and mental health.

Many May Need The Income:

This recession has forced many near-retirees into unemployment or early retirement, while home values have significantly reduced nest eggs. The percentage of employees "not at all confident" about having sufficient income for a comfortable retirement grew from 22% in 2010 to 27% through March 2011. This is the lowest level recorded in the 21 years of the Employee Benefits Research Institute's just-published Retirement Confidence Survey. A small business may be the right approach for income shortfalls, provided enough is available for the initial investment, including working capital.

Franchise Businesses Make it Easier to Get Started:

You do not have to start from scratch and can reduce the risks of any business startup by taking a franchise approach to business ownership. With so many successful corporations turning to franchise their businesses, there are franchise opportunities in all franchise opportunities exist.

Communities Really Benefit:

Near retirees and retirees that bring decades of business experience to a community contribute to the economic welfare of the entire community by providing services and, often, employment opportunities for others. It is a great way to contribute.

We are in a recovery that has shown slow but consistent recovery and have 2009 - almost two years. This recovery also appears remarkably stable even in the light of the unprecedented and entirely unexpected disaster in Japan, the world's 3rd largest economy. A small business venture in an industry well positioned to leverage economic recovery may be a viable option for today's retirees.

Author Credentials: Ian was born and grew up in Australia. Since then, he has traveled and lived in numerous locations and currently resides in Montreal, Canada. Ian is the founder, a writer, and editor in chief for Disabled World. Ian believes in the Social Model of Disability, a belief developed by disabled people in the 1970s. The social model changes the focus away from people's impairments and towards removing barriers that disabled people face daily. To learn more about Ian's background, expertise, and achievements, .

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Citing and References

Founded in 2004, Disabled World (DW) is a leading resource on disabilities, assistive technologies, and accessibility, supporting the disability community. Learn more on our About Us page.

Cite This Page: Disabled World. (2011, April 7 - Last revised: 2023, March 12). Purchasing a Franchise Business for Retirement. Disabled World (DW). Retrieved March 23, 2025 from www.disabled-world.com/disability/employment/home/franchises.php

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