Top 7 Best Small Business Ideas to Start After 50

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6. Invest in Real Estate

Another small business idea that might work is real estate, especially now that everybody is looking to buy or rent affordable places. If you are lucky enough to have an empty property that you can rent for AirBnB, or even better, if you have the necessary money to invest in a property in a region that is usually full of tourists, don’t think twice.

Starting a small business in this field is a good idea, even if for a while you might need to invest to gain later. Another example is that a lot of retirees rent out their own homes or rooms to tourists that are visiting the neighborhood. You can also choose to rent your house on Airbnb when you’re away on vacation. Sounds neat, right?

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