My wife and I are mid 50’s and would love to retire but sadly the pot isn’t big enough to bridge the gap between now and age 68 when the state pension kicks in
We have a decent amount in our pot and a couple of small pensions so we just need a business idea that will generate £35k annually to cover our basic lifestyle for circa 10 years
Another positive is our house has a built in office and large garage so opens up options (my wife is a solicitor and before us the office bit was used as a chiropodist for many years)
It’s a big house so b&b is an option but would prefer something service or reselling product
Just looking to hear if anyone has done sonething similar and how it worked out for you. Of course daft ideas also gratefully recieved as long as it’s not to suggest hifi dealer
I would have thought that being a solicitor part time would earn decent money, you could be a housekeeper or something. If one of you has a profession, it makes sense to use it. Running a B&B sounds like a lot more effort. Especially for you!
There is two of us, and we do bugger all but work currently (weekends are spent tidying up and wishing we didn’t work so hard)so a nice job from home that we enjoy is a good improvement on where we are
Solicitors earn good money but also work very long hours and have no work life balance, lots of overhead and very stressful - if you know a solicitor then you would know someone who wants to retire is my experience
On a serious note, I always wondered whether Brexit could lead to business opportunities like import/export services for the SME sector.
They are not the stereotype customers for companies like XPO or BLG that do high volumes.
Still, there is a 67M market to serve for e.g. EU wine or olive oil producers, so you could act as an agent to organise UK distribution?
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