Is it time for the second act of your life? Retirement doesn’t mean slowing down—it can be the perfect time to pursue a new and fulfilling encore career. Whether you’re thinking about part-time work, starting a small business, or exploring flexible opportunities, this is the ideal moment to align your career with your passions and values.
Interestingly, research shows that entrepreneurs over 50 are 1.8 times more likely to succeed than those in their 30s. So, if you think you’ve missed the boat, think again. If you’re considering a new venture or even turning a hobby into a business, now could be your perfect opportunity. Let’s look at how others have successfully transitioned into their ideal second acts to get you inspired to start this exciting new chapter.
1. Rediscover Your Passions and Values
In this second act, you have the freedom to focus on what you love. Whether it’s mentoring, gardening, or something creative, start by asking yourself: What activities bring me joy? What have I always wanted to do but didn’t have the chance? What did I like to do as a child? Our innate instincts as children show us what we are naturally drawn to.
For example, my client David had a successful corporate career but felt unfulfilled after retiring. He had always loved gardening and the outdoors, so he started volunteering with local urban garden projects, eventually transitioning into part-time consulting work for eco-friendly non-profits. It wasn’t about money anymore —it was about finding joy and purpose.
2. Assess Your Strengths and Skills
Your years of experience and developed skills are some of your greatest assets. Whether you want to continue in your field or try something new, discovering hidden talents and abilities is a great place to start in your search for the ideal second act. If you’re unsure where your talents lie or how they can translate into a new role, the Career Change Kit provides a set of career assessments to help identify your strengths, natural abilities and personality traits. This is a great way to uncover hidden talents and gain clarity on the next steps.
3. Turn Your Hobby Into an Income Stream
This is one of the most fulfilling ways to ease into an encore career—turning a passion project or hobby into something that generates income. Whether you’ve been painting, woodworking, baking, or crafting, this is your chance to turn that passion into a business.
For example, Colleen Seiler, who always enjoyed working with scents, launched her own odor control company in her 50s after helping a friend manage the smell of medical marijuana. What started as a hobby quickly became a thriving business.
Hobbies that lend themselves to businesses include crafting, photography, gardening, and even teaching. You can sell your products on platforms like Etsy or offer online courses through platforms like Teachable. The possibilities are endless, and now is the time to take the leap.
4. Consider Starting a Business
Entrepreneurship may seem intimidating, but as mentioned earlier, older entrepreneurs are often more successful than their younger counterparts. You have the financial resources, experience, and networks that younger business owners may lack.
Consider Lorraine Campman, who turned her passion for music into a successful piano teaching business at age 56. Her decades of experience combined with her desire for flexibility made this an ideal second act for her.
If you’re considering entrepreneurship, there are excellent resources like the Small Business Administration (SBA) that provide guidance for new business owners of all ages.
5. Get Professional Support
The idea of launching a new career can feel overwhelming, but you don’t have to go it alone. A career coach can provide clarity and help you build a step-by-step plan tailored to your needs. For personalized guidance, connect with one of our accredited career coaches, who can help you navigate this exciting next phase of life.
6. Explore Flexible Job Opportunities
If starting a business isn’t for you, flexible part-time work might be a great option. Websites like Retired Brains and FlexJobs are excellent resources for retirees seeking meaningful work.
Retired Brains: This platform is designed specifically for retirees looking for part-time, freelance, or temporary work. You can find roles in education, healthcare, consulting, and more, along with advice on starting your own business or managing finances in retirement.
FlexJobs: Known for curating remote, freelance, and part-time opportunities, FlexJobs is perfect for those who want to work from home or have a flexible schedule. From remote consulting to freelance writing or teaching, the site offers plenty of options tailored to your lifestyle.
Ready for Your Second Act?
Retirement can be the perfect time to explore a fulfilling encore career that aligns with your passions. Whether it’s turning a hobby into a business, exploring flexible job options, or starting something entirely new, your second act is a chance to design a life that excites you.
Get started by exploring the Career Change Kit or connecting with one of our accredited career coaches at LifeCoach.com for one-on-one guidance. Your most fulfilling chapter could be just around the corner!
