Ok, first off, I am far from retirement age. But I am day dreaming of what I will do in retirement should I be fortunate enough to be able to retire given the ridiculous cost of living.
One of the things that comes to mind is maybe I can open a small boutique HiFi shop. I would use this shop to (1) make new friends who shares the same interest in the hobby, generally a way to shoot the breeze and enjoy passing time (2) use the opportunity to educate others the technical how's of how audio equipment works, perhaps explain spinaroma, how speaker measurements correlates to listening experience; understanding I can only go so deep as I'm no expert in th field. But it gives me an opportunity to save a poor soul from the snake oil vultures, (3) make some extra money to subsidized retirement.
But starting any business is obviously not easy and there are of course risks.
For those who owns a shop, please share your experience, would you have chose the same path if you could do it all over again? What is the hardest part of owning and running a HiFi shop? What challenges and headwinds you foresee in the coming 10, 15, 20 years in the HiFi industry? What is the competitive landscape looks like? And how hard is it to keep your shop open and make a decent living?