GOOD EARNINGS FOR RETIRED PEOPLE

Retired people need not sit idle at home. They can work as much time as they can. No office. No boss. No staff. No fixed working time. No leave. No holidays. And above all, no investment.

If you have fairly good health, it is fine. You can work from anywhere in the world. All you need is a mobile phone with net connection. Your capital outlay will be your knowledge. If you have knowledge and experience in some particular field, just focus on it.

How to organise. Pick up around five retired people from your circle. If you are looking for five people, see that they are from five different backgrounds like engineering, finance, banking, trading, manufacturing sector etc. Once the team mates are identified, have a conference over phone and introduce in between you. If all are from close by region you can also have meeting at the nearest park, restaurant or any other suitable place. If you want to exchange proof of identify between yourselves, you can have it. Decide then what type of an association you want to make. If it is a partnership firm, draft out a deed, sign it and retain a copy with each one of you. Name the organisation a consulting firm or the like.

Now you are ready to take off. Now, it is, what is that you have to do. There are many people around us who want to do something for their earning. They may be from different age groups, but most of them, you may find shall be youngsters. They may be from different educational backgrounds. They may be from different family background as well. Financially they may vary one another and also in likings. They are, in most cases, not necessarily be able to identify and take up a business avenue by their own.

Here comes your need. They are your prospective customers. You may identify a few number of business for them in different investment categories. You may make out a consolidated project report consisting of financial requirements and financial availability. You may identify financiers from different sectors and find out their firm requirements. When you are ready with about five or six different complete project reports of different capital outlay, try to spot your prospective customers. Once again it may be ensured that these are ready to take off projects.

Have discussions with them at your place with no expense or at their place at their expense. Once they accept your project you must be able to modify the existing one to their choice. Then comes your earning. Fix your remuneration at the appropriate stage of the discussion. Try to have an agreement for the disbursement of the remuneration specifying  the time, i.e at what stage of the take off of the project. Keep a standard 5% of the project cost as your service charge. If it is a project of one crore, you will get five lakh rupees and after sharing amongst five of you, each one of you will get one lakh. How many projects you can do in an year will depend upon your competence. It would be your choice to draw the full service charge in cash or keep part of it as your shares in the business firm. In such case, one of you can offer your service to the business firm on fixed monthly remuneration.

You may divide the responsibilities amongst you according to experience, knowledge and skills. For instance,banking should be taken care by one, market survey by another, collection of datas, preparation of the project report, identification of customers etc should be divided between yourselves. If all of you are competent enough and can maintain a smooth relation among you, it could be an interesting and fetching pastime. You can look for innovative as well as tried and tested projects.

In case you would like to know anything more, you may please write to me.

KV George
kvgeorgein@gmail.com