Here at the Center for Executive Coaching, we get a tremendous amount of interest from recent retirees and baby boomers coming to the end of their working careers.

Many of these people have an incredibly valuable store of experience and lessons learned and would make terrific executive coaches. At the same time, they tell me that they are looking to work from home, make their own hours, keep their mind challenged, and earn a great income.

Executive coaching is an excellent option for people in this position and I suspect that as more and more boomers retire, the ranks of executive coaches will swell with highly talented, experienced professionals.

At the same time, it has been fascinating to receive calls from a number of SCORE volunteers. SCORE, or the Service Corps of Retired Executives, provides free consulting to entrepreneurs. Many SCORE volunteers contact us because they want to earn money in exchange for their wisdom, and because they know that — if they learn how to develop business efficiently — they can find a variety of desirable clients that they can serve.

So here is some food for thought: If you are nearing retirement, or recently retired, consider a career as an executive coach. You don’t have to pay large franchise fees because, with a bit of training from a reputable organization, you can quickly learn how to set yourself up as a credible executive coach, as well as best practices in helping executives perform better.