After retirement, an individual can venture into the business of raising free range chicken. Given that free range chicken are not unduly demanding, a retiree can easily perform the activities involved without needing the help of a third party.
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I agree with that, starting your business even before retirement makes you build up your business with earned funds while still working ,at that moment the major expenses of starting up your business has been covered. It also gives you an insight to what you get to deal with after retirement.For me, it's better to start with some business activity before retirement so that you will already have a feel how to manage your fund. Getting into a business especially if it's a new venture is a hit and miss thing. If we wait for retirement , we might end up using all our retirement fund on unfeasible business venture. Some retirees.may
I don't belong to the school of thought that one should have a business at retirement. I rather believe that one should start a business five years to retirement at the latest and retire into the business.What will be your age when you retire? 60? 65? Do you think you can start a business at that age? Do you think you will be mentally and physically healthy at that age to start a new business?
It may not be a plantation but it can be anything that you know about or anything that you have interest in so that you are not going to stop suddenly after it startsYou should have started something like a plantation about 5 years prior to retirement. After retirement, you just settle into the business and live your life with it. You won't need to be stressing to run the business.
That is the main ideal. Start a business before retirement rather than after retirement. A business started before retirement would be able to be taken care of properly than the one after retirement. However, any business intends to be established after retirement must be lenient in type and not stressful.For me, it's better to start with some business activity before retirement so that you will already have a feel how to manage your fund. Getting into a business especially if it's a new venture is a hit and miss thing. If we wait for retirement , we might end up using all our retirement fund on unfeasible business venture. Some retirees.may
There are some people in my locality that usually start up a provision store as something that they are going to used to be keeping themselves busy when they have retired from their job.I think any business will be fine as long as it's profitable but better to start a easy one that does not require much transportation
You don't look at the businesses that would be given passive income alone, you have to consider the agility of the person intending to establish the business. If he's unable to run it personally, then he should forget it.The business that will create passive income is the best to choose because it will definitely give you rest of mind because you need such kind of business due to old age.
Agility of the old Age must equally be considered while settingv up the passive income business. That cis why it is good to think and set up business while still in active services so that viability to run it would be active.The business that will create passive income is the best to choose because it will definitely give you rest of mind because you need such kind of business due to old age.
Well, these people might not be able to run these kind of jobs effectively as they approach old age and in most cases those jobs are not to be depend upon, I always think business is the best when approaching retirement stage.If you are approaching retirement, there are many types of jobs available, such as boarding houses, freelance writers, opening a basic food shop, franchise businesses such as coffee shops, etc. livestock and plantations, vehicle rental etc.
We don't need to doubt the ability of retirees to set up a business, of course they will choose what they like and are most good at, so that their business can run smoothly.Well, these people might not be able to run these kind of jobs effectively as they approach old age and in most cases those jobs are not to be depend upon, I always think business is the best when approaching retirement stage.
That is general assumption that the passive income generated businezz is the ideal not knowing that if there is no capable hands to run the business, it would soon backfires.The business that will create passive income is the best to choose because it will definitely give you rest of mind because you need such kind of business due to old age.
I wonder why everybody is vjust suggesting passive income without actually made mentioning ofv one. Life after retirement is not vsi easy as it can be imagined. It must be be planned during active servisez.The business that will create passive income is the best to choose because it will definitely give you rest of mind because you need such kind of business due to old age.