Jakarta, CNBC Indonesia – There are those who are still working to make a living, and there are also those who may have retired. Such is the reality of life at the age of five.
There is nothing wrong with whether you work or stop working, because everyone has different financial burdens. But what happens if they intend to open a side business?
Income from this business can of course be allocated to finance living needs or expenses aimed at making the family happy, such as traveling, shopping, and so on.
But remember carefully, five-year-olds are no longer young. You certainly have to consider all business risks that might arise and could have an impact on your finances.
If you are interested in opening a business at the age of five, then you might choose these five business ideas.
1. Asset rental
Real asset rentals can be in the form of motor vehicle rentals, house rentals, accommodation, sound systems, party equipment, or other useful assets. It is said to be suitable for retirees because it does not drain a lot of energy and thought.
This business is suitable for those who have a number of useful assets that are rarely used. However, this does not exclude retirees who want to buy these assets with the aim of renting them out.
If you are interested in starting this business, try renting out the assets you own first rather than having to buy new ones. And when you want to buy something new, don’t make debt the main financing solution.
2. Food, beverage, minimarket and other franchises
Instead of having to establish your own brand and struggle to introduce it to the public, how about buying a franchise and running the business directly.
A franchise business is a business model that runs between brand owners and financiers. Investors will of course buy a franchise, and the brand owner will give the rights to run the business to the investor.
The brand owner will also inform the standard operating procedures (SOP) in the business, provide training to employees, raw materials for making products, and carry out marketing. The job of the investor is to just sell according to the SOP.
3. Shop
Interested in opening a grocery store that sells basic daily necessities? That could certainly be a good idea.
However, it is also important to know that shops are not only limited to grocery stores, and can be other shops that you want. Call it clothes shops, shops selling stationery, materials, electrical equipment, photocopying services, ornamental plants, and so on.
This business can be started in your own home without spending money on building rent. You can also allocate the capital you have to buy good equipment.
4. Workshop
A repair shop is of course also a quite profitable business, and not just a place to repair cars or motorbikes. You can also open a vehicle wash workshop with a compressor, car wash equipment, and so on.
Just like a shop, this business can also be done at home. Please note that you have a garage that is capable of parking customers’ vehicles.
5. Business in something you like
There is nothing more enjoyable in old age than pursuing what we like. The opportunity to do this may not be realized when we are young because of our extraordinary busyness.
A few people might think that the fitness business will be quiet during the fasting month, the band or recording studio business is less promising, or the animal care business will be tiring.
These subjective assumptions can be broken if we really love this field and are serious about working on it as a field for making money.
Doing whatever you like can certainly make you happier. A happy heart will also keep you healthy in old age.
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