The 9 Best Businesses to Start Over 60 - Due (2023)

For those with the itch, starting a business over the age of 60 is entirely doable. Age can give many advantages, including experience and wisdom.

Here are 9 retirement business ideas to put that experience to good use.

Table of Contents

1. Consulting

Consulting is a favorite business activity among retired seniors.

For starters, consulting is perfect for crafting your own hours and rates. After decades of developing expertise in a career, why not put that to good use?

Marc Wolfsfeld is a semi-retired IT consultant in West Jordan, Utah. After years of working in his business full-time, he decided to cut back operations instead of completely retiring.

Mr. Wolfsfeld explained, “I work very part-time hours, but I’m always on call for my clients. If they need software updates or there’s a network problem, I’m there in a heartbeat. It gives me the opportunity to stay active and make extra income without much stress.”

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He isn’t alone in his desire for flexible working hours. According to labor statistics by the American Economic Journal, 60% of not working Americans in their 60s or 70s would return to work if they had a more flexible schedule. Consulting offers an opportunity to do just that.

Consulting is a natural opportunity for many knowledge workers. Retired professionals in finance, law, business management, HR, marketing, and medicine all have many doors open to them in this regard.

2. Make and Sell Crafts

Retirees often take up a hobby to fill the time and quickly find that it’s a great way to make extra money. The craft business is a perfect example.

The rise of Etsy has shown that handmade crafts can be big business. Many types of crafts sell well, including:

  • Home decor
  • Jewelry
  • Art
  • Toys
  • Dolls
  • Embroidery and quilts

Usually, the cost of the materials is quite low, which makes for a nice profit margin on the products sold. The main investment is the time, creativity, and expertise in making them. If you’re already a crafty person, this can be an ideal small business.

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Items can be sold at a farmer’s market, flea market, festival, or small shop. If you feel comfortable selling online, you can open an Etsy shop or sell on Facebook Marketplace or Craigslist.

You can advertise your business through word of mouth at events or through social media.

You don’t need a website or a graphic designer to have an effective internet presence. This is because social networks like Instagram and Pinterest enable you to draw a lot of attention to visually appealing products like arts and crafts.

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Craftwork isn’t limited to artsy crafts.

The same business idea applies to any type of artisanship: woodwork, metal work, clothing design, baking cakes, or anything else that can be made from home.

Robert Mauk is a retired teacher in Modesto, California, who does woodworking.

Mr. Mauk commented, “Too many of my fellow retired teachers don’t remain active during retirement, and as a result, the quality of their lives often quickly declines, and I am not comfortable not being productive and creative.”

“I always liked working with wood as a medium for my artwork, through craft and furniture. I worked with my Dad at a young age, and I think that sparked my interest in working with wood,” he continued.

“I have stopped working on major kitchen and bathroom remodeling jobs. I now concentrate on wood sculpture, wood turning, and furniture projects so that there is no climbing in attics and down into crawl spaces.”

3. Dog Walking

Dog walking is the perfect small business idea for animal lovers. Pet ownership has increased over the past decade, and it’s expected to increase even more. Analysts at Morgan Stanley expect the pet industry to almost triple in size over the next decade.

That means there is a bigger demand for animal-related products and services, including dog grooming, doggy daycare, and dog walking.

Dog walking is a great way to get outside and exercise. However, if the business expands, hiring younger workers to do the legwork is also an option.

According to, dog walkers typically charge between $19 and $29 for a 30-minute dog walk. If you walk multiple dogs at the same time, the money made per hour goes up substantially. Of course, the rate varies based on the location and other factors.

As mentioned before, other related services include dog daycare and dog grooming. If you like taking care of animals, there are a few different directions you can take the business.

Keep in mind that you don’t just have to do customer service with the animals, but with their owners, too.

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4. Grow and Sell Plants

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Gardening has long been a favorite retirement hobby. Why not grow your love of plants into extra income?

Growing plants from seeds is difficult for many people. That’s why they’re willing to pay for already-grown plants.

This includes flowers, bushes, shrubs, trees, garden starts, vines, potted plants, wall plants, patio plants – you name it.

If you’re comfortable with strangers coming to your home, it can be a 100% home-based business. You can grow the plants in pots in your backyard, greenhouse, or patio, and sell them directly to the public. Or, if you’d rather not, lease a shop or open an online business.

It may not seem like a lucrative business idea, but a visit to your local nursery should dissuade you of that notion. Small plants commonly sell for $20-100, and your costs are limited to water, dirt, and some pots.

Many gardeners make extra cash by selling their excess produce and flowers. It’s a great way to grow from hobbyist to entrepreneur.

5. Invest in Real Estate

Real estate investment is a capital-intensive business, but it can also be a steady source of cash flow.

It helps to have good credit and some capital in this industry, but you don’t have to be rich to get started.

The median retirement savings for people between the ages of 55 and 64 is $107,000, which isn’t nearly enough to retire. But it’s usually enough to put a down payment on a modest investment property.

There are a few different types of residential investing:

  • Buying, fixing, and flipping houses
  • Rental investing
  • Short-term rental investing

Fixing and flipping houses requires more work than renting out houses, but you also make more money in the short term.

Short-term rental investing can be done through sites like Airbnb and Vrbo. In effect, you can run a bed and breakfast from any house that you own. The great thing about this is that you can get started with the house that you’re already living in by renting out rooms or the basement.

Many retirees consider downsizing after their children grow up and leave the nest. Instead of downsizing, renting out the extra space as a short-term or long-term rental may be a quick way to start producing income.

6. Open a Franchise

Franchises have been popular with small business owners for a long time. There are good reasons for this.

There’s no way around it: starting a business is hard. In addition to the work and capital you need to put up, you need to know what you are doing. That’s where franchising comes in.

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In exchange for paying an upfront franchise fee and recurring royalties, you get step-by-step guidance on how to start a business. The best franchises have well-known brands and national marketing that bring in customers automatically.

If you buy into a franchise, you don’t have to come up with a business plan or worry about supply chain logistics. The best franchises have employee training resources on everything from customer support to handling finances.

One of the most famous franchise restaurant chains in the United States was started by an older entrepreneur: none other than Colonel Sanders.

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Harlin Sanders started the Kentucky Fried Chicken franchise when he was in his 60s and worked in some facets of the restaurant business until his death at age 90.

Though he churned through or failed at many different jobs and careers in his long life, he realized that he had an amazing fried chicken recipe worth sharing with the world.

His restaurants and his accompanying franchise business made him quite wealthy by the end of his life. Today, KFC is a brand with a worldwide presence.

Buying into a well-established franchise probably won’t lead to worldwide success, but it can be a steady business venture for the right person.

Beyond restaurants, franchises exist in many different industries, including:

  • Convenience stores like 7-11
  • Hardware stores like Ace Hardware
  • Hotels like Marriott International
  • Fitness gyms like Planet Fitness

Franchises aren’t cheap. In addition to paying hefty startup fees, there are usually capital costs such as buying equipment, hiring employees, and leasing space.

Franchise startup costs average $150,000, but much of that cost can be covered through a business loan or financing of some sort.

The day-to-day operations of most well-run franchises can be done by a manager. Once the business is up and running, the business owner usually doesn’t need to put in many hours to keep it going.

7. Offer Move Management Services

RetiredBrains surveyed their readers about what businesses they had started in retirement, and some variation of “Move Manager” came up more than once.

This is a service that involves helping people move. The physical lifting work is still done by a moving company, but the move manager organizes the process.

According to these service providers, downsizing seniors and overwhelmed young families need help managing the details of the moving process, and they’re willing to pay for it.

This often involves cleaning out garages, packing, labeling, organizing, and planning the various pieces of the move. Part of this could involve senior relocation services, which help seniors find a trustworthy and affordable retirement home.

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Many houses are filled with old possessions and unused things. A big part of the move management service involves selling, throwing away, or donating unwanted items.

Once the client is in their new home, unpacking and organizing everything requires work as well.

8. Academic Tutoring

Tutoring is a great business for people that love children and teens. Retired school teachers find that tutoring is a great way to bring in income during retirement, without the stresses of classroom management and school administration.

According to, average prices for tutoring vary quite a bit. They can range from $25 to $80 per hour, depending on the location, type of tutoring, and other factors.

Traditionally, private tutors typically visit students in their homes or other places of their parents’ choosing. However, online tutoring has become more popular in recent years and tutoring centers are another option.

Test preparation for the SAT and other standardized tests is a particular area of high demand, which can command higher rates for tutors well versed in it.

9. Get Paid to Write

Writing is a paid activity that can be done well at any age. There are a variety of ways to get paid as a writer.

Business ideas for writing include:

  • Freelance work for publications and companies
  • Self-publishing a book
  • Blogging
  • Ghostwriting on behalf of others
  • Technical writing
  • Copywriting

Gerri Detweiler of Sarasota, Florida, worked for many years as a writer, speaker, and educator in the credit industry. She decided to transition from full-time, in-house work to freelance writing and consulting.

Mrs. Detweiler has published books and is also working on an online course.

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Mrs. Detweiler shared, “I recently became self-employed again after more than a decade in full-time roles. While I’ve enjoyed working with colleagues in those jobs, I appreciate the flexibility of working for myself. Freelancing has allowed me to travel and work around the US as well as internationally.

“I’m heading to Greece in December 2022 for an extended period of time and this work allows me to do that without worrying too much about office hours and time zone differences.

“Writing, in particular, allows for a great deal of flexibility. It also allows me to delve into topics that are interesting but that I otherwise might not have the time to study. For example, this year I wrote about crypto credit cards, and I enjoyed researching that space.

“I’m also interested in remote work and am starting to write about that as well. As long as I remain curious I’ll continue to write, even if it’s just for myself!”


The average human lifespan is longer than ever before. Rather than retire early, many Baby Boomers are choosing a middle path of part-time work and part-time play.

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Entrepreneurship isn’t easy, but it has its perks. A flexible, fulfilling business may be the perfect vehicle for such a lifestyle.


What is the most profitable business to start in 2022? ›

Let's get started!
  • Identifying the most profitable small businesses.
  • #1. Business Consulting.
  • #2. Real Estate Agents.
  • #3. Cleaning Services.
  • #4. Social Media Management.
  • #5. Creating Online Courses.
  • #6. Start a Small Business that Makes Candles or Soap.
  • #7. Payroll Services.

What is the cheapest most profitable business to start? ›

Here are some low cost business ideas with high profit potential to get you started.
  • Affiliate Marketing. ...
  • Virtual Assistant Service. ...
  • Online Influencer Service. ...
  • Social Media Marketing. ...
  • Digital Marketing. ...
  • Business Consulting. ...
  • Recruiting. ...
  • Ebook Sales.
23 Jul 2019

What is the best business for old age? ›

10 Small Business Ideas for Retirees
  • Bed-and-breakfast owner. ...
  • Project-based consultant. ...
  • Franchisee. ...
  • Academic tutor. ...
  • Photographer. ...
  • Tour guide. ...
  • Pet sitter. ...
  • Handyman.
14 Oct 2021

Is 60 too old to start a business? ›

It's entirely possible to start a business after age 50, and Kerry Hannon profiles 20 successful older entrepreneurs in her latest book, “Never Too Old To Get Rich: The Entrepreneur's Guide to Starting a Business Mid-Life.”

What business is the easiest to start? ›

16 Easy Businesses to Start
  • Event Planning. ...
  • Gardening and Landscaping Services. ...
  • DJing. ...
  • Painting. ...
  • Yoga Instruction. ...
  • Local Tour Guide. Image (c) Zero Creatives / Getty Images. ...
  • Tutoring. Tutor helping one of her students. ...
  • You Don't Need Much Money But You Do Need... Couple running small gardening business.
13 Dec 2019

What businesses are in high demand right now? ›

Here are 10 business types that will be in demand even after the threat of COVID-19 fully subsides.
  • At-home fitness. ...
  • Cybersecurity. ...
  • E-commerce. ...
  • Fast-food franchises. ...
  • Food delivery. ...
  • Gaming. ...
  • Home improvement. ...
  • Remote work software.
22 Sept 2020

What businesses are hot right now? ›

20 Hot New Small Business Ideas to Start
  • #1. Online Publisher.
  • #2. Content Agency.
  • #3. Digital Marketing Firm.
  • #4. Bookkeeping.
  • #5. E-Commerce Company.
  • #6. Web Design and Development.
  • #7. Sell Hand-Crafted Items on Etsy.
  • #8. Become a Reseller.

What can seniors do to make money? ›

Here are a diverse range of options, all of which you can enjoy from the comfort of your own couch!
  1. Rent spare rooms. ...
  2. Freelance. ...
  3. Pet-sit. ...
  4. Be a mock juror. ...
  5. Make things and sell them on Etsy. ...
  6. Take paid surveys. ...
  7. Become a career coach. ...
  8. Offer virtual assistant services.
13 Dec 2018

Which is best business after retirement? ›

set up an online shop on various e-commerce platforms such as e-Bay, Amazon and Flipkart. You can also sell on several social media platforms like Facebook and Instagram. Build your reputation over time, and you can even start selling directly through your website.

What business can I start in my 50s? ›

10 Retirement-Friendly Business Ideas for the Over 50's
  • 1 – Become a Life Coach or Mentor. ...
  • 2 – Become a Financial Advisor. ...
  • 3 – Start a Blog or Podcast. ...
  • 4 – Start a Freelancing Business. ...
  • 5 – Start a Marketing, Bookkeeping, or Administration business. ...
  • 6 – Invest in Real Estate. ...
  • 7 – Buy a Business. ...
  • 8 – Start an eCommerce Store.
8 Sept 2021

Is 63 too old to start a business? ›

No, it is never too late to start a business! The data shows that the highest rate of entrepreneurship worldwide is in the 55-64 age group and the over-50 age group is twice as likely to be successful. Sometimes people newly retiring from a fast-paced career find retirement to be too slow.

What is the average age of a small business owner? ›

Small business ownership statistics from Experian tell us that American small business owners are 50.3 years old, on average. Entrepreneurs in the construction industry are the youngest, at 48.3 years, on average. Financial, insurance and real estate professionals are the oldest, at 54.1 years.

How can I start a business after 65? ›

Here are 11 tips for starting your own business in or near retirement:
  1. Determine whether your idea is really a good business plan. ...
  2. Evaluate your skills. ...
  3. Consider the time involved. ...
  4. Get good advice. ...
  5. Figure out how to finance your startup. ...
  6. Know if you want to manage others or can handle the isolation of working alone.
11 Jun 2015

What businesses make a lot of money? ›

Most Profitable Small Business Ideas
  • Tax Preparation and Bookkeeping. Without needing fancy premises or expensive equipment, tax preparation and bookkeeping services come with low overheads. ...
  • Catering Business. ...
  • Website Design. ...
  • Business Consulting. ...
  • Courier Services. ...
  • Mobile Hairdresser Services. ...
  • Cleaning Services. ...
  • Online Tutoring.
22 Mar 2018

What can I sell to earn money? ›

Here is a list of the 30 Absolute Best Things To Sell To Make Money:
  • Old clothes. If you're looking for things to sell to make quick cash, your clothes just might top the list. ...
  • Sneakers. Have some cool sneakers you want to get rid of? ...
  • Jewelry. ...
  • Watches. ...
  • Your wedding dress. ...
  • Baby items. ...
  • Home décor items. ...
  • Holiday decorations.
8 Sept 2022

What market makes the most money? ›

1. Financial Services. The financial service industry has created the most number of millionaires since modern times, according to the Wealth Report.

What is the most needed business? ›

If you're ready to take on entrepreneurship but don't know where to start, here are 14 business ideas to consider.
  1. Social Media Consulting. ...
  2. Senior Care Services. ...
  3. Smart Product Development. ...
  4. Organic Beauty Products. ...
  5. Healthy Fast Food. ...
  6. Healthcare Consulting. ...
  7. Crowdfunding Consulting. ...
  8. Wheelchair Repair.

What are the top 10 most successful businesses? ›

This can lower or even outweigh potential returns.
  • #1 Apple Inc. (AAPL)
  • #2 Microsoft Corp. (MSFT)
  • #3 Industrial And Commercial Bank Of China Ltd. (IDCBY)
  • #4 China Construction Bank Corp. (CICHY)
  • #5 Alphabet Inc. (GOOGL)
  • #6 Agricultural Bank of China Ltd. (ACGBY)
  • #7 JPMorgan Chase & Co. ...
  • #8 Alibaba Group Holding Ltd.

What business can I start with small money? ›

If you want to start a low-cost business, these 25 ideas will help inspire your entrepreneurial passion.
  • Content creation. ...
  • Personal or virtual assistant. ...
  • Event planning services. ...
  • Errand/concierge service. ...
  • Professional reviewer. ...
  • Social media consultant. ...
  • Etsy shop. ...
  • Online courses and tutoring.

How can I make money with no start up costs? ›

18 Legitimate Work From Home Jobs With No Startup Fee
  1. Take online surveys.
  2. Become a proofreader.
  3. Run Facebook & Instagram ads.
  4. Work as a freelance writer.
  5. Work from home as a virtual assistant.
  6. Resell on eBay.
  7. Become an online tutor.
  8. Work from home in customer service.
1 Aug 2022

What small businesses have the highest profit margins? ›

11 most profitable small businesses
  • Tutoring services.
  • Home improvement.
  • Personal training.
  • Kids' activities.
  • Virtual assistant services.
  • Social media management.
  • Dog-walking services.
  • Property management.
7 Mar 2021

What business has the highest profit margin? ›

The 10 Industries with the Highest Profit Margin in the US
  • Trusts & Estates in the US. ...
  • Tax Preparation Software Developers. ...
  • Maids, Nannies & Gardeners in the US. ...
  • Land Leasing in the US. ...
  • Industrial Banks in the US. ...
  • Stock & Commodity Exchanges in the US. ...
  • Cigarette & Tobacco Manufacturing in the US. ...
  • Commercial Leasing in the US.

How can I make money at 62? ›

5 Ways Retirees Can Earn Money Without Leaving Home
  1. Share knowledge online and tutor others.
  2. Freelance in your professional field.
  3. Look for remote job opportunities.
  4. Rent out space in your home or garage.
  5. Tap into your home's equity.

How do I make quick cash? ›

Other Ways To Make Money Quickly
  1. Become a Ride-Share Driver. Average income of up to $377 per month. ...
  2. Make Deliveries for Amazon or Uber Eats. ...
  3. Become a Pet Sitter or Dog Walker. ...
  4. Get a Babysitting Gig. ...
  5. Install Christmas Lights for the Holidays. ...
  6. Become a Home Organizer. ...
  7. Help With Home Gardening. ...
  8. Assist With Deliveries or Moving.
19 Nov 2021

How can I make money without leaving the house? ›

How to Make Money When You Can't Leave Your House
  1. Get paid for your opinions. Will taking online surveys make you rich? ...
  2. Test websites. ...
  3. Install some new apps. ...
  4. Downsize and declutter. ...
  5. Rent out your unused items. ...
  6. Sell old gift cards. ...
  7. Make cash from your trash. ...
  8. Become a blogger, YouTuber or podcaster.
6 Oct 2020

What is a good business to start at 60 years old? ›

The 9 Best Businesses to Start Over 60
  • Consulting. Consulting is a favorite business activity among retired seniors. ...
  • Make and Sell Crafts. ...
  • Dog Walking. ...
  • Grow and Sell Plants. ...
  • Invest in Real Estate. ...
  • Open a Franchise. ...
  • Offer Move Management Services. ...
  • Academic Tutoring.
3 Aug 2022

Should I start a business after I retire? ›

Starting a business after retirement is an excellent way to earn extra income, supplement your retirement savings, reduce your tax bill, improve your mental and physical health, and pursue your dream of becoming an entrepreneur while passing on your skills and knowledge to the next generation.

How much of your salary do you need to retire? ›

Retirement experts have offered various rules of thumb about how much you need to save: somewhere near $1 million, 80% to 90% of your annual pre-retirement income, 12 times your pre-retirement salary.

Can you become successful after 50? ›

Many wildly successful people didn't become superstars until after age 50. Find out how you can too.

How do you know when to start your own business? ›

How to tell you're ready to start your own business
  • 14 signs it's time to start your own business. ...
  • You're excited about your idea. ...
  • You have a business plan. ...
  • Your product or idea has a market. ...
  • You understand the competition. ...
  • You are able to take on financial risk. ...
  • You look good to lenders. ...
  • You understand the risk of failure.
1 Jun 2019

What age should I start a business? ›

The optimum age to start a business is 28 years old, according to a global survey of Millennials and Gen Zers. The recent survey of more than 25,000 people, aged 18 to 40, across 35 countries from Herbalife Nutrition, found half believing their age would help their chances of success.

What can I do with my life at 60? ›

Helping out makes a difference in your life and the lives of those around you.
  • Donate old clothes to thrift stores.
  • Create care packages to hand out to homeless people.
  • Donate to charity.
  • Host a fundraiser.
  • Volunteer at a food bank.
  • Leave a server a large tip.
  • Adopt a senior pet.
14 May 2018

How can I be happy at 60? ›

So, if you are wondering how to be happier and more positive after 60, here are six simple ideas.
  1. Focus on Achievement, Not Luck.
  2. Express Your Gratitude through Meditation or Prayer.
  3. Plan Your “To Do” List.
  4. Make Breakfast a Pleasant Ritual.
  5. Use Small Gestures to Strengthen Relationships.
30 Aug 2019

What happens when you turn 60 years old? ›

Your skin turns drier and itchier and may look like crepe paper or tissue. Wrinkles, age spots, creases, and bruises become more noticeable. Your sweat glands also get less active. That means you might not sweat as much, but wounds on your skin may take longer to heal.

What does every business owner want? ›

Business owners are a simple bunch. They want to know how to make more money, cut costs of doing business, avoid taxes, avoid expensive lawsuits, find new opportunities to do business and find inexpensive ways to fund business growth. Beyond that are the details and solutions to their unique problems.

How old are most successful business owners? ›

Most successful founders in the United States have tended to be over 40 years old when launching their company. As of 2018, the average age of the top 0.1 percent of startups in term of growth was 45 years.

Do business owners live longer? ›

Research is starting to reveal that, for a variety of reasons, entrepreneurs live longer, healthier lives than employees do.

Who is the oldest person to start a business? ›

At 54, Wally Blume founded Denali Flavors, an ice cream company. Wally Blume worked in the dairy industry for 35 years before starting his own business.

Can you collect Social Security while owning a business? ›

If you're operating a small business, you can get Social Security benefits at the same time if you qualify on your own work record or someone else's. The Social Security Administration treats your self-employment income the same as wages earned by a worker.

What to do after retiring? ›

Here are 25 ideas to get you started as you begin the next fulfilling chapter of your life.
  1. #1 Declutter your home and free your mind. ...
  2. #2 Explore your local area. ...
  3. #3 Become a tour guide. ...
  4. #4 Work for wildlife. ...
  5. #5 Research your family tree. ...
  6. #6 Dress the part. ...
  7. #7 Get musical. ...
  8. #8 Learn to dance.
26 Jul 2022

What businesses will thrive in 2022? ›

The fastest growing small businesses in 2022
  • Residential remodeling. ...
  • Home health care. ...
  • Animal care and services. ...
  • Digital events. ...
  • Wedding businesses. ...
  • Neighborhood or online nursery businesses. ...
  • Tutoring and online learning. ...
  • Food delivery.

What businesses are in high demand right now? ›

Here are 10 business types that will be in demand even after the threat of COVID-19 fully subsides.
  • At-home fitness. ...
  • Cybersecurity. ...
  • E-commerce. ...
  • Fast-food franchises. ...
  • Food delivery. ...
  • Gaming. ...
  • Home improvement. ...
  • Remote work software.
22 Sept 2020

What type of business makes the most money? ›

Most Profitable Business Ideas
  • Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
  • IT Support, Technology Consulting, and Repair. ...
  • Cleaning Services. ...
  • Accounting and Tax Preparation. ...
  • Auto Repair. ...
  • Real Estate. ...
  • Online courses. ...
  • Marketing and PR Services.

Is 2022 a good time to start a business? ›

A year later, this trend has continued, and it's not slowing down any time soon. In November 2021, Americans filed 432,034 business applications. The message here is clear: if you've ever wanted to be your boss, 2022 is a great time to build your business.

Which business will grow in next 5 years? ›

Here is the list of future business ideas in India for 2022 which have bright future for 2025, 2030 and 2050 and beyond.
  • 1) Outsourcing business. ...
  • 2) Internet of things (IoT) industry. ...
  • 3) Rise of co-working space. ...
  • 4) 3D printing. ...
  • 5) Consumer goods and services business. ...
  • 6) Business in real estate. ...
  • 7) Healthcare industry.
3 Sept 2022

What small companies grow fast? ›

Fast growing small companies
S.No.NameROCE %
2.GTPL Hathway29.35
3.TGV Sraac22.43
4.Panama Petrochem41.17
22 more rows

What are the top 10 most successful businesses? ›

This can lower or even outweigh potential returns.
  • #1 Apple Inc. (AAPL)
  • #2 Microsoft Corp. (MSFT)
  • #3 Industrial And Commercial Bank Of China Ltd. (IDCBY)
  • #4 China Construction Bank Corp. (CICHY)
  • #5 Alphabet Inc. (GOOGL)
  • #6 Agricultural Bank of China Ltd. (ACGBY)
  • #7 JPMorgan Chase & Co. ...
  • #8 Alibaba Group Holding Ltd.

What small businesses have the highest profit margins? ›

11 most profitable small businesses
  • Tutoring services.
  • Home improvement.
  • Personal training.
  • Kids' activities.
  • Virtual assistant services.
  • Social media management.
  • Dog-walking services.
  • Property management.
7 Mar 2021

What business can make money fast? ›

Freelancing or Consulting. The #1 quickest way to bring in revenue immediately is to start freelancing or consulting. Whatever you want to call it, whether it's a one-person operation or a budding agency, this simply means that you are selling a service rather than a product. There are no startup costs, and no overhead ...

What can I sell to earn money? ›

Here is a list of the 30 Absolute Best Things To Sell To Make Money:
  • Old clothes. If you're looking for things to sell to make quick cash, your clothes just might top the list. ...
  • Sneakers. Have some cool sneakers you want to get rid of? ...
  • Jewelry. ...
  • Watches. ...
  • Your wedding dress. ...
  • Baby items. ...
  • Home décor items. ...
  • Holiday decorations.
8 Sept 2022

Is it wise to open a business now? ›

A June 2021 survey had dramatic findings, with 76.9% agreeing or strongly agreeing that “now is a good time to start a business,” a total in excess of pre-pandemic levels and reflecting the highest percentage in survey history.

Is it hard to start a business? ›

Starting a small business is hard work in any environment, but it's even more challenging in a tough economy. This is partly because when credit markets are tight, it can be challenging to get financing. That's why small business owners must hone their business plans.

How do I start a 2022 startup? ›

Table of Contents
  1. Idea.
  2. Thorough Planning & Market Research.
  3. Go-to-Market Strategy.
  4. Build a Technical Team.
  5. Create Product Requirements Document (PRD)
  6. Build a Minimum Viable Product (MVP)
  7. Formulate a Business Plan.
  8. Name your Startup & Understand the Legalities.


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