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.
Business to do after retirement
- Thread starter cherry123
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I think the livestock keeping that involves the rearing of cattle, goats sheep can also be suitable for the retirees. It must be started like five years prior the retirement and it can really sustain the lives of the retired in the best way.
Many people prefer businesses that could be profitable. Many older people might have much experience to related to a specific field and they may start a business related to that field during the older age.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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.
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