When you think of entrepreneurs, you most likely envision a young person willing to take chances before life commitments have a chance to tie you down.

Retirement can lesson the fear of failure that come with launching a venture, most retirees have a desire for their own business all their life. The money and benefits were so good it wasn't worth taking a risk." Once retired, they might find that risk to be worth it.

Are you a Car guy? Can you imagine getting paid to look at cars and write off the related expenses?

Surprisingly, many advantages exist for entrepreneurs looking to start their own home based business after retirement age. One such advantage is time. Once a person has retired and completed his or her job tenure, there is ample time to work on a new home based business. Moreover, depending upon the amount and type of work, the retired can also enjoy social security benefits while earning additional income from home based businesses.