For a variety of reasons, retirement may not be an attractive option once you have entered that world. With medical advances, most people live longer and healthier lives. As a result, many retirees have too much energy and passion for life to simply do nothing. If you have spent the majority of your life in the work place, retirement can result in boredom, loss of enthusiasm or loneliness. You may find yourself missing that job you dreaded. Other retired people immediately realize their retirement savings just won’t be enough, especially with an uncertain world economy. So, what next?Have you ever dreamed of having your own business? Believe it or not, there are definite advantages for retirees that want to start a home based business. In fact, home based businesses in general are increasing and proving to be very successful. If you structure the business correctly and remain in compliance with the Internal Revenue Service guidelines, you will qualify for numerous tax benefits.As you think about ideas for a home based business, consider your options and do your research. There are, unfortunately, numerous scams and dishonest people that prey on senior citizens. Exercise caution but do not let the fear of a scam keep you from launching your own business.Start by making a list of your hobbies, your work experience, special skills, talents and passions. Often hobbies can be easily converted to a profitable home based business. A few ideas to get your brainstorming started: photography, accounting, handyman service, crafts, pet grooming, cake design and decoration, web design, selling products on eBay, online tutoring. Once you start brainstorming and as you review your list of specific talents and skills, your list of possibilities will expand.After you have selected two or three home based business ideas, do your research. Research can be done at the public library, online and discussing your ideas with trusted friends or family. Make a list of your goals before your start researching. Do you want to or need to supplement your income? Are you simply interested in staying active, feeling useful and maintaining contact with the world outside your home? Will you need help with the business? If you have a partner, this may influence your final selection.What about startup money? You may already have the equipment needed to get started. For example, if you select photography, you may own the necessary equipment. A word of caution at this point is necessary. Be sure you possess the skills and talents required for the business; owning an expensive digital camera and being the family photographer is probably not enough. On the other hand, if you have a passion for photography, consider taking a class at the local community college and learn the skills and techniques needed. Or, find a part time job with a local photographer and learn from a professional. This word of caution applies to any business idea you may choose.Keep in mind that the Small Business Administration can be very helpful. The SBA funds loans for home based businesses as well as brick and mortar businesses. As long as you meet the established requirements, you may qualify for a loan.Another huge advantage for retired people starting a home based business is your maturity and years of experience. Our current economy has often been compared to the Great Depression; it is interesting to note that many profitable businesses were started during the Great Depression. Do your brainstorming, complete your research and get started!

When you join a business like a home based business, you instantly want a warranty that you: 1.will not fail and 2. you will not lose money. This kind of fears is a regular one. Normal people, like you and me, think of home based businesses that are very risky, when in fact they are not! It is true that you will invest a small amount of money, but compared to the fact that you risk a lot with your current job too, you don’t have very much to worry about. Probably the thought which now flows in your head is that you are not risking at all with your current job. Is this for real?Think about this. If one day you will lose your job, you and your family will have huge financial problems, am I right? Maybe you are thinking that chances to lose your job are small, but think about the fact that nowadays people lose their jobs quite easily. At your current workplace your boss has total control over you. He can decide either you will work there anymore or not. My intention is not to scare you, but to make you aware of the fact your whole life spins around your job and one day or another you can lose it.Nonetheless, you may not be let go by your boss, but is this job giving you the life your really want to live? Will you be promoted soon? Will you ever be financially free? Probably yes, but there are some chances that you will not succeed, so what are you going to do?It is true that a home based business may cost you some money, and losing them can be risky, but think about that if you will be losing your job, your entire life will be risked. In a home based business when you lose some money, you will be out some dollars, but when you will succeed… your entire life will be different!I think that if you put everything in perspective, a home bases business worth every risk involved. I believe this because a home based business is something that a regular job will never give you. Give it a try! Find out some more information about this type of business right now, because the risks will be small and the benefits amazing!