The best small business ideas begin with your own imagination. Identify what you’re passionate about and do something you’ve always wanted. If you’re no longer working for someone else or raising a family, you can work on your own terms. Launch a home-based business, make money from a hobby or even connect with friends who are also ready to start something new. See if there’s common ground to start a business endeavor together!
Great small business ideas can come from anywhere, but to truly monetize your passion, you’ll need a plan that covers doing what you want and knowing how much income you can potentially generate in a specific amount of time. A great place to start is the AARP Small Business Resource Center. It's filled with advice and education for those 50+ who aspire to build an entrepreneurial business. Visit smallbizrc.org to learn more.