Business opportunities that can earn good returns for seniors

Retirement from job doesn’t mean that a person retires from life. The education, skill and talent continues to remain intact with the person, therefore exploring a business idea should not be ruled out, there could be a successful professional waiting to make it big as an entrepreneur. Business ideas after retirement should be planned carefully, keeping in mind the physical, mental and financial capacities of the seniors. A person who is physically fit, mentally sound and financially settled can easily explore multiple business ideas mentioned below:

Coaching and Mentoring: It is often found that retirees are still in their prime professional calibre in terms of knowledge and skill, when they retire. Coaching and Mentoring is counted amongst doable business ides for seniors. The retired seniors can offer to guide and mould the inexperienced youngsters who enter the job market for a professional fee. They can share the industry insights and tricks that would help these new professionals get an upper hand in the job market.

Placement Agency: By the time they retire, seniors have build a good network of professional contacts and business intelligence. Additionally having developed good business relations all those years, definitely gives them an edge. They can tie-up with corporate companies to supply skilled and unskilled workforce. There is equal demand for both categories in most Indian cities where companies are willing to spend a good amount to find the right talent. By opening a placement agency they can also achieve the satisfaction of having contributed to the society in a positive way.

Art and handicraft business: If the senior has high-level professional contacts then he or she can explore the business of art and handicrafts business. They can facilitate the meeting of artists and art collectors through exhibitions and make handsome profits on every sale.

Senor citizen networking: Seniors look forward to network with their peers and if conducted in a professional manner then this could also be a very good business potential.

In today’s changed world order and nearly borderless economies, business opportunities for retirees have increased in tremendous proportion. All that the retired seniors need is willingness to explore the unexplored world of business, willingness to take the risk and a decent financial backing to sustain the business. 

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Created on May 30th 2018 08:39. Viewed 280 times.

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