Your suggestion is very good but one funny thing that is here is if the person reside in a place where there are less people for example in rural area do you think this business will yield him any positive result?its better to start up a local supermarket where you can sell what is needed from people that reside in that visinity.I wouldn't think a business that will see him running around so much will be appropriate. How about having a borehole to sell water if there's shortage of water around where he stays or just build and rent out the houses.
Rural area is even the best because they do have less potable water. So people will be in dire need of clean water especially for drinking. Supermarket will be good if there's someone's help with buying the goods for sale.Your suggestion is very good but one funny thing that is here is if the person reside in a place where there are less people for example in rural area do you think this business will yield him any positive result?its better to start up a local supermarket where you can sell what is needed from people that reside in that visinity.
The business that will be good for him will depends on his age and health condition , secondly , he should consider what he has knowledge in and that will not take too much of his time , because he needs enough rest now , than he gets when working .What is the best business for those that get retired,my father friend get retired and he need a good business to start online or offline what the payoff money giving to him which business do you think its good for him.
advise him to invest in something lucrative llike poultry or real estate
He can also manage the business himself since he was retired what do think is the need for him to stay at home idle,sl many people have retired and get themself better things doing I think he need to think as human the type of business he want to do.Anything that does not stress him is good, it's best to open any small scale business and have some trusted to run the business
I understand your point your of view but having someone manage the business won't make him idle, it would just reduce the stress of running around managing the business by himself when he obviously can get someone to helpHe can also manage the business himself since he was retired what do think is the need for him to stay at home idle,sl many people have retired and get themself better things doing I think he need to think as human the type of business he want to do.
Yeah having low cost buildings at least while still working can be helpful as a passive source of income after retirement, even building more from rent collected can still be a good way to make moneyI think that a person who is working should use that time to prepare for retirement. This means setting up businesses while still working then do it full time after retirement. Not just waiting until you retire is when you start thinking of what to do. I have seen many people I know who have built rental houses while still at work. Then when they retire, they still earn money from the monthly rent payments from tenants.
I like the idea of them turning their hobby into a business. This is like doing what you enjoyed doing and making money in the process which can be helpful
That is true. During retirement, one should do what they really love doing. It shouldnt be something strainous as many people retire when they are old and so they should take care of their health.After retiring , its best to do the jobs which you like and that should be your passion like online tutors , offline teaching to college students ,real estate business and what not.
Yeah having little knowledge about creating a blog or a YouTube channel to monetize later is also great,at least it is less stressfulThat is what I thought. He should better do something that make hims happy and find ways to monetise it. Since social media is a popular platform for business in advertising their products and services, it would be easy for him to sell anything he wants.
That is true. An online store can be managed easily from the comfort of your home. It is a great business to start as a retired person. Promoting the business in social media is also not a tedious task.They can also start an online store. All what is required is a good website and some social media to promote their sell products and make some income
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