Thanks.
FWIW dept., don't commit money, or cash flow from other sources (retirement accounts, social security, pensions, 401K's) you can't afford to lose. Start slow. Do what you enjoy doing, it won't feel like work. Don't spend profit until it's in the bank!
What type of business are you thinking about?
For me, it will be a spice business, mostly online. Hubby will start a fix-it business. Both are things we enjoy, so that fits into your model.
They won’t be big money makers, but will hopefully fill the gap between the interest on what we have saved and what we need to live. Until interest rates rise, hopefully! And will be fun enough that it will give us something to do that we enjoy.
We have a couple of other ideas, in case these fizzle. But the startup costs for these will be small, so these are the least risky and more in keeping with something that won’t feel like work.