Article by: Amber Ramsey
Retirement often signals the end of working for most teachers, and they make the most of it by spending time on other activities, such as travel, hobbies, etc., that provide them with a sense of fulfillment. But retirement can also be a great opportunity to pursue new professional opportunities and continue earning as well. In this article, we’ll explore a range of professional opportunities former educators can choose from to keep working and continue making a positive impact on society.
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Option 1: Become a Consultant
As the name suggests, the role of a consultant is to guide their clients in terms of creating policies and procedures to help the business succeed. Leveraging your experience in the field of education, consider becoming a consultant for a school, college, or other educational organization. Not only will you be able to choose your hours, but you will also have a major impact on various important projects such as curriculum development, teacher training, and more!
Option 2: Start Tutoring
As reported by Grand View Research, the global tutoring market is currently valued at $6.57 billion and is projected to grow at a CAGR (compound annual growth rate) of 14.7% till 2030. Whether you’re an expert in language, math, the sciences, or special education, there’s a vast pool of students looking for quality tutors online. Additionally, given the digital nature of this work, you have the choice to teach students beyond the United States while earning a steady income.
Option 3: Become a Technical Writer
Given that you are a subject matter expert in your field, becoming a technical writer can be a lucrative and rewarding opportunity. The key role of a technical writer is to create in-depth communication content such as manuals, how-to guides, journal articles, and more. Businesses of all sizes and industries, such as non-profits to corporations, regularly hire technical writers. According to research by Salary.com, technical writers, on average, earn around $29/hour.
Option 4: Try Your Hand at Editing
Being a retired teacher, you’re bound to have years of experience evaluating papers, theses, presentations, and more, which makes you well-qualified to become an editor. Additionally, you can leverage the decades of experience you have in your field to demand a higher salary than newcomers and provide a higher quality of work. If you’re interested in trying your hand at editing, Fiverr, Upwork, and Guru and three of many freelancing platforms where you can find jobs.
Option 5: Become a Dog Walker
Becoming a dog walker can provide an enjoyable and flexible work environment, the opportunity to work outdoors, and the ability to spend time with furry friends and promote their physical health and well-being, making it an ideal job for animal lovers looking for a fulfilling and rewarding career. This can be ideal if you live in a walkable location with a high Walk Score. However, it’s important to have basic knowledge of dog behavior, safety precautions, and business management principles to ensure a successful and sustainable business venture.
Option 6: Start a Small Business
Every successful entrepreneur has the skills of good communication, time management, organization, and people relations. And guess what? Through your experience as a teacher, you have perfected these skills and can now utilize them for your entrepreneurial endeavors.
Starting your own business allows you to decide your hours, set your rates, and choose the type of work and clients you want to associate with. Additionally, not all businesses require a large investment of capital. Hence, you can put a fraction of your savings to good use by investing it into your business.
Starting a blog is a great first-time business idea to consider. All you need to do is, choose a niche, regularly post content and optimize your website through the best SEO practices. Once you start receiving website traffic in the range of 500-1000 daily readers, implement ad monetization and affiliate links to begin earning.
Establish an LLC
One of the preliminary steps toward starting your business will be to establish it as a limited liability company (LLC). The main benefit of an LLC is that it protects your personal assets from business-related liabilities such as liens, collections, and more. Additionally, an LLC makes you eligible for using business expenses as tax write-offs, which can have a positive impact on saving hundreds if not thousands of dollars annually. There are five required steps for registering an LLC in Tennessee, including appointing a registered agent creating an operating agreement.Retirement doesn’t need to signal the end of your professional endeavors. Rather it serves as a new beginning for you to pursue different opportunities, such as becoming a consultant or an entrepreneur. If you do choose to become a business owner, remember that you may want to form an LLC to help keep your personal assets protected at all times.