#AskPS
Piyush Soni .

After a lifetime of work in your chosen career, retirement is the perfect time to revisit your passions!😍

While many people look forward to the lazy days of retirement, many retirees aren’t ready to stop working or they have financial issues that require them to continue to work.

Working a regular job after retirement is not only unappealing to many seniors, but it can be difficult to get.πŸ‘€

A better option is for retirees to turn all the knowledge and experience they've gained during a career, into a business.

A business allows for greater flexibility and freedom that retirees have earned after a long career.πŸ˜ƒ

What are some of the business ideas that allow retirees to capitalize on what they know and can start after retirement especially in India?

Originally Posted Here
17 Comments

Albert Nam

my dad is thinking of opening up his own farm and a pharmacy shop.

Piyush Soni

Thats nice!! Farm seems to be a nice idea. It is quite and peaceful. I have already started thinking of it!πŸ™‚

On the other side pharmacy shop is also a great idea. Income is pretty storng there!!

Shivakumar Valadi

Something I learnt.... Take time to developing your passions right when you are working. It can develop into a whole new source of income while also being a stress buster

Piyush Soni

Very well said sir!! Definitely plant is grown out from a seed. You Need to develop things from the starting.

Abhishek Avikk Gupta

That depends on person to person as per their experiences,income and their choice of doing business.

Most of them I know turned for business options like Real Estates, Opening their Small local Shops like Pharmacy, Clothing Store ,Open Coaching Centres & HealthCare Units ,Invest in setting up a unit of Home Based Daily Products in their town, Become Insurance Agents.

People who always love to follow their passion started writing books and become Authors, Reviewers, Training Faculty at a College , Song Writers etc.

Piyush Soni

You have given various good ideas here actually. And yes everything depends on the passion no doubt about that! But most of the people don't actually think that way. Thats the sad partπŸ˜”.
They just want to run their family thats it, after the retirement! Money and ease of doing things is a major factor here!

Abhishek Avikk Gupta

Then I guess various MSME's schemes can help them setup a business .

Rajesh Garg

Depends on passion and may vary from person to person! But some small scale business would be a good option here!!!

Piyush Soni

Running a small scale business is nice idea! Let investment and more returns. Can you give some of the examples?

Chez Kashmiri

An opinion from a retiree himself ( Yours Truly).
Next most boring thing to do in life after taking retirement is to continue in same field ( especially in context of most of us don't have luxury to work on area that aligns with our passion or hobby).

I for one am pursuing something that has nothing to do with the job/industry I was in. And it makes me happy

Piyush Soni

Thats good sir! What are you pursuing now?

Chez Kashmiri

a hobby.
More specifically, my lifelong hobby of gardening got me into Hydroponics.

Besides my other hobby ( not means of livelihood yet) is history. Who knows what comes off of it ..

Piyush Soni

If I am not wrong, Hydroponics is the one where soil is not used right? My father is actually a scientist and he had shown me once this thing!! Its great actually

Chez Kashmiri

correct. Soilless farming is what Hydroponics is

Santoshi Aparajithan

Elderly care services as business..Or work in NGO.
(These were some of the options which my mother planned to pursue after her retirement. She retired last month )

Piyush Soni

Thats a very good idea actually. Working for a social cause is the best job you can do in your whole life!!πŸ™‚πŸ™‚

Sayan Ganguly

I have seen a lot of retired Defence officers and DRDO Scientists take up consulting or executive roles in large enterprises active in the field of Defence.

https://en.m.wikipedia.org/wiki/J_A_Chowdary
This person is a retired IAS Officer as well.

Join India’s
most active community
and interact with 20k+
like-minded entrepreneurs