According to Entrepreneur magazine:
Some six million Japanese are retiring by 2008, and given the high cost of living In Japan, their monthly pension of about $2,000 will hardly be sufficient to see them through their twilight years. Many of these older Japanese are therefore on the lookout for other countries where they can retire securely and more affordably. And it is not only Japan that has a large and growing population of elderly people. According to the Philippine Retirement Authority, the world now has a total aging population of 726.9 million china accounts for 50 percent of them, followed by Europe, 23 percent, the United States, 15 percent, Japan, eight percent, and Korea, two percent.
What’s more, this global aging population is projected to reach 918.5 million by 2015, thus opening up huge business opportunities for countries that can provide retirement havens for elderly people who choose to settle abroad. By that time the Philippines, with its pleasant tropical climate and its significantly lower cost of living, hopes to have become a haven for 900,000 of those foreign retirees, generating 4 million jobs and earnings of $40 billion in the process.
Those retirees spent most of there lives working. And most of us know how industrious the Japanese are. They have this loyalty in themselves to their country and company where they work with. So providing them a lifestyle that will enable them to chase after their interest or recreations that they have forgotten when they were still young is a good business opportunity.
On the contrary, this business needs a big capital and know-how on running this type of industry. Also the target market or country should be researched well. But if you already have a place like for example a resort or a place which could convert to a retirement home, it will cost you less. There are still many factors to consider in this industry. It should not as be as a home-for-the-aged type of facilities. Since you want to provide some value added service in the process, giving them an active lifestyle and make them a productive member of a society will give them more pleasure and enhance their self-esteem.
Want to know the first retirement village in the Philippines? The Philslife Orchid hills in Silang, Cavite.
Posted by Manuel
Manuel Montala was an online entrepreneur who enjoys blogging about entrepreneurship and gathering information for his blog to help budding entrepreneurs. You can also reach him on twitter: http://twitter.com/mmontala
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can you give me some information, how many filipino entrepreneur in 2008or present? or simply the population of filipino entrepreneur in quezon city? tnx! godbless!
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