Retirement today looks very different than it did a generation ago. For many older adults, stepping away from the traditional workforce doesn’t mean slowing down – it means finally having the time and freedom to explore long-held passions or new ideas. Across Canada, more seniors are embracing entrepreneurship in their later years, proving that it’s never too late to start something new.

At The Residence at Orchard’s Walk, a vibrant retirement home in Kamloops, we celebrate lifelong growth and purpose. Whether you’re looking to pursue a creative hobby, start a small business, or simply explore something you’ve always been curious about, our supportive senior community in Kamloops provides the perfect foundation.

Why Start a Business in Retirement?

Starting a business after retirement comes with unique advantages. With decades of professional and life experience, seniors often have strong communication skills, resilience, and the confidence to take calculated risks. Many retirees also enjoy financial stability and flexible schedules, making it easier to test out new ventures without the pressure of earning a full-time income.

Beyond practical benefits, entrepreneurship offers something deeply fulfilling: the chance to stay mentally active, engaged with others, and creatively inspired.

Stories of Inspiring Senior Entrepreneurs

To show what’s possible, here are two inspiring stories of Canadian seniors who launched businesses after retirement, without any prior experience running a company.

Effat Sedky – Vancouver, BC

At 65, Effat Sedky could have easily settled into retirement. Instead, he decided to purchase Vancouver Croissant Ltd., a small wholesale bakery in Burnaby. Despite having no background in the food industry, Sedky saw potential where others saw risk.

With persistence and passion, he transformed the struggling two-person operation into a thriving business with 12 employees and a six-fold increase in sales. Now in his 80s, Sedky continues to work full-time and enjoys the sense of purpose and satisfaction his business brings.

His story is a powerful reminder that entrepreneurship doesn’t have an age limit – it’s about vision, determination, and a willingness to try.

Cheryl Holmes Young – Sidney, BC

In her early 70s, Cheryl Holmes Young decided to turn her love of fashion and customer service into something more: a boutique clothing shop called Norma Jean’s Closet. Located in the heart of Sidney, BC, the store quickly became a go-to destination for women looking for comfortable, stylish, and affordable apparel.

With no previous retail experience, Cheryl brought energy and heart to her business. She built lasting relationships with her customers and ran the boutique for four successful years, proving that it’s never too late to bring a dream to life, or to learn something new.

Small Business Ideas That Suit a Retirement Lifestyle

Many small businesses can be run part-time, from home, or with minimal startup costs, making them ideal for retirees. Here are a few ideas to spark your imagination:

• Arts & Crafts: Sell handmade goods, paintings, or photography online or at local markets.
• Writing & Editing: Start a blog, write family memoirs, or offer freelance services.
• Tutoring or Coaching: Share your expertise with students or young professionals.
• Pet Services: Offer pet sitting or dog walking in your neighbourhood.
• Gardening Help: Assist others with planting, maintenance, or garden planning.
• Selling Online: Resell vintage items, collectibles, or crafts through Etsy or eBay.

The best business ideas are often extensions of hobbies or passions you already enjoy.

Resources to Help You Get Started

You don’t need to navigate entrepreneurship alone. Canada offers many helpful programs and tools for older adults exploring business ownership:

• Canada Business App – A government-run resource offering guides and checklists for starting and managing a business.
• Futurpreneur Canada – While traditionally focused on younger entrepreneurs, their blog and resources are still valuable for mature learners.
• Kamloops Chamber of Commerce – Offers networking events, support, and small business resources right in your community.
• Public Libraries & Tech Programs – Learn how to use platforms like Etsy, Shopify, or social media marketing with free local courses.
• Canada Revenue Agency (CRA) – Provides information on sole proprietorships, business taxes, and registration.

How Independent Living Can Support Your Entrepreneurial Goals

At The Residence at Orchard’s Walk, we understand that retirement is a new beginning, not an ending. Our senior community in Kamloops provides everything you need to support your passions, projects, or even your next big idea:

• Freedom from chores and home maintenance, giving you more time to focus on what matters to you.
• Reliable internet and quiet spaces for working, creating, or connecting online.
• A welcoming and social environment, where you might find collaborators, supporters, or encouragement. You never know who else might have experience with the business idea you’re interested in!
• Wellness programs, events, and on-site amenities that help you stay energized and inspired.

Whether you’re creating art, starting a side business, or sharing your knowledge with others, our community gives you the space and support to thrive.

Ready to Explore What’s Next?

The journey into entrepreneurship later in life can be one of the most rewarding adventures you’ll ever take. And you don’t have to do it alone.

If you’re curious about how life at The Residence at Orchard’s Walk can help support your goals, passions, and wellbeing, we invite you to book a tour and see for yourself what makes our Kamloops community so special. It’s never too late to start something new.