What kind of business can I start with my pension

[Hades]

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

 

[nazimgcuf]

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

If you are at full retirement age or older, you can get all your Social Security benefits whether you retire from your business or not. ... But when you work in a business that you (or your family) own, or you are an officer in a corporation, it is not as simple.

 

[tuna89]

If he wishes to start a business, think of the things you love or those things you have lot of knowledge about or products that are fast moving with less competition, make your research on the resources that will be involved, analyse the risk, then start when satisfied.

 

[Naz Noshin]

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

I ll say he must check demand of the product which is very popular in his area and there is no shop or such person who is selling that product. Then he ca state business related to that demanding product. It ll help him to earn good profit.

 

[Favour67]

You can start a provisions store for a start for someone collecting pension, provisions store has less stress for old people and I'll also advise that the store Should be very close to your house if not in your house for better convenience. Then you can also go for super market.

 

[Donkiz]

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

The kind of business to start depends on the amount the person has, the person's location and what the person is passionate about. These are among the things that informs ones decision when it comes to choosing what to invest in. She needs to check her environment and know the kind of business that will move well within the locality before investing.

 

[Sariana23]

If a retiree receives a substantial amount, he can think about buying a house and renting it, that way he would feel comfortable and would receive a monthly rent for said house. She can also invest in a kiosk where she can be calm attending to what she decides to sell, since the idea is to have a smooth job without much effort.

 

[WhiteHouse]

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[Aumeabbas]

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

I think no one business which we dont handle but it gives good profit. But one thing she can invest in any company and bank,then get profit on her amount.

 

[Hasan Raza]

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

The retirement age in our country is 60 years and at that time the persons mostly unable to do a business.
But I don't know what the retirement age is in your country.
These days the best way of saving money and earning is in cryptocurrency investment. Because at this age it is difficult to do a business.

 

[Aniwhyte]

The type of business he/she would be starting depends on how much pension he/she would be receiving, if the amount is small then he could start smaller scale business like restaurants, soap making, provision, mini importation etc but if the amount is bigger then he could go into Real Estate, electronics etc

 

[Ojonuyo]

Retiring after years of service can be a scary thing to think about. As fear of what would happen to you and your family when no solid source of income flows in. Hence, it is always advisable to plan to avoid falling. This planning has to do with utilization of your pension fee. The proper business for you is food stock sells. With no doubt we no everyone eat everyday and no matter how hard the economy gets, people must buy food to stay alive. Hence, you sales is guaranteed.

 

[MRizwan530]

The best thing you can do with your pension is you can make a grossry shop or store nearest to your home.
An other best thing is you should pruchase some shops and rented out. You can earn handsome pessive income from it

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

 

[Tariq Shehzad]

You can take a start from small scale business by your pension. There are many small sacle business, like book shop, cloth shop and shoes shop. The others are poultry form or fish form, you can select any of these, as you want.

 

[Patrik]

literally any other business you can start with normal money, pension is nothing different from a normal salary, so save some money from it and invest it in some business that you are sure it will improve your financial situation

 

[Bookwormlux]

From the person's pension, he can save up and then invest in poultry farming. This business does not take much from someone, you just need to have the capital ready. Since at retirement, the person isn't going to be having much physical strength, this business would be the best in my own opinion.
He can focus on either broiler or layer birds.

 

[Ralphjoe]

For a retirement business, I will recommend a supermarket store for such a person as it is not stressful a business to own and manage, she can employ workers to run and manage the business for her, her only job maybe going to the shop from time to time.

 

[Josemendez]

I have a family member who will soon be retiring from the civil service what can of business can the person start with her pension or should the person just sit down at home doing nothing if she should what are the reasons you think she should

Being a pension earner means you have reach a minimum of 60 years and thus has been retired from your job ,thus you are old and won't need any tedious job anymore , you will only need to have jobs like online investments which won't be demanding . You just check your investment once in a while

 

[chalcedony8]

Pensions in my country cannot be used to start any business is just like giving a 18years old boy money for biscuits, it's really small and not enough for a person to live on, but it can be used to finance a business that has been existing already, it can be used for farming agricultural produce and rearing of poultry birds too.

 

[Kamon c4]

This depends on the person’s business interest but I’ll make a few suggestions. Real estate is a good way to invest money in order to collect passive income. This best suit an old person cause it doesn't require much stress and attention. Also agriculture is another good way to invest money