As a business, there are a lot of Federal EPA codes, local and state regulations and licensing about using and disposing of chemicals used in photography.
I wouldn't have to make a lot of money but I also wouldn't want it to tie me down 5 or 6 days a week. I think I'd like to run it maybe three days in a row and offer a week turn-around time and cater to advanced amateurs.
Any thoughts?
If you're going to offer a reliable business service with promised turn-around time, that will inevitably tie you down to some extent. Customers will expect this prompt turn-around, whatever your work-load at the time (which may vary with the season and other factors beyond your control), and you would also need to think how you would cover during your holidays and possible illness (even a few days in bed with flu!).
The commitment is much higher than, say, a part-time job in employment where the hours and duties are fixed.
One more point. All the people I know who have started retirement business' work harder than they ever have. The initial period will be 6 days a week to get established before you reach a point of sustainability. I'm old school about retirement, Babcock men die in harness, is my creed.
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