Subscribe: RSS

Like us? Tell your friends about us. facebook-small twitter-small linkedin-small

Top 5 Reasons Older Adults Are More Productive Becoming Entrepreneurs

Our thanks to Mohit Sharma for this contribution to our blog. 

 

Presenting the new age entrepreneurs, They are all above 65!

An unexpected generation of entrepreneurs is transpiring in the market. You may see new age people, young and full of notions and impulsive energy, passionate about business and working for more than 100 hours per week. Full time retirement has become underrated and so many seniors are preferring to work even after their retirements from their full time jobs!

Just for a sec, imagine you are 75! What picture pop ups in your mind? A retired old person, correct? We live in an ageist society, where your dreams are a threat to others. People try to threaten you. But so many older adults have proven this wrong. There are so many entrepreneurs over 50. We will discuss the benefits of being an entrepreneur for senior adults.

According to a study by Forbes “people over 55 are twice as likely as people under 35 to launch a high-growth startup.” This could be any business, be it traditional brick mortar business or any online business. So no matter what they – senior adults choose to start up with, they have a lifetime of experience which is enough to get started.

Starting a business is the best way where the old adults can use their experience to the fullest. Among older men, business is trending as they desire to be their own boss. Among older women, it’s a long time held passion that they want to fulfill.

Though there are challenges and opportunities such as getting funds, lack of support from society, ageism – it knocks down the confidence. But at the same time, being in this age is an interesting time, you can open up new surprises!

The online business has boomed among senior adults who are looking to start a business from home. Let’s see the reasons:

1. Freedom of Time

As you are retired from a full time job, you can give time to your own, for your business or for a new startup. So you have all the time with you now. With this precious time, so many tasks can be achieved. This is the beauty of time, it is like a freedom, once you are retired, you have it all, it is all yours.

So, adult entrepreneurs can focus more and be more productive as they can give it time and focus. You have all this time, you can work on multiple things simultaneously for example, you can be a Consultant for ecommerce and at the same time become a Shopclues seller. It is very good ecommerce marketplace to earn good profit online.

2. Rich Experience

It is beyond doubt that starting your business at an older age means you have ages of experience to use. You are seasoned and it is truly valuable. If you have been in huge organizations, you have gained valuable experience and skill set. Such organizations offer excellent skills to lead your own enterprise through all the growth stages.

The new startups need advice from a highly skilled person who has an excellent experience. Let’s say if you are someone who has knowledge about selling items on paytm as a paytm seller, you can become a consultant for people looking out to sell on paytm. This new e-commerce marketplace has very high number of users searching for new products everyday.

3. Age is an asset

I have seen senior adults becoming Snapdeal Seller’s and earning good income. They have worked very hard setting up their online store on the marketplace. According to various adults, they take their age as an asset. The Rich experience and network that they have gained their entire life is noteworthy and is worth more than hundreds of degrees.

So whichever niche senior adults choose to start business after retiring, they are surely like to excel. According to a study by Stanford Center, the senior adults are considered as the pillars of the company. ”They are better collaborators, and they are more loyal. They make excellent mentors!”

So considering their age as an asset, unleashing their true potential is the major concern.

4. Rich Network

As you have been around for a longer period of time, the contacts or network of people is relatively wider for you. This network can be a source of investors, partnerships, advisors who can help you out when in need. Perhaps, the many years spent in the corporate built in professional contacts will help you now!

5. Passion to start something new

Working the entire life sometimes leads to saturation. People want to try out different things. There is an unnerving passion which is seen in the older adults. As they are fully aware about their capabilities, skills and expertise, knowing what will work for them or not is not even a question for them anymore.

Young entrepreneurs are generally not sure about their success. But older adults are sure about their success as they have a passion and sense of self awareness.

Options to start:

1. Starting an Online Business

Ecommerce or online business are the latest trends in the business domain. Building an online store and selling products online is easier because of ecommerce marketplaces such as Amazon and it is a great option. You can sell on amazon very easily, just get started with the seller registration process and list your products. Your e-store is ready in a few simple steps!

Starting a business after years of experience in retail or sales, it can be a new area of expertise for you. E-Commerce is an elevation which does not even require a physical retail location. So this is an excellent option to start an ecommerce business.

So if you have decided to go for this option, you can either create your own website from scratch with a team of IT professionals else, start selling on the trending marketplaces which are already well built, you just need to set up your products.

The decision is yours of course. Based upon your ideas, goals, available resources and the target audience one must come to a conclusion.

If you are planning to sell on various marketplaces, I am here to help you!

2. Content Writing For Blogs and E-Commerce Products

If you are fond of writing and sharing your experience, blogging is the best way to share your skill and create an audience for your own firm or, you can work as a freelancer for other firms. Companies these days are hugely concerned about their online presence. Indexing plays an important role. To be on the top notch, content and blogs are the key.

So when any company wants to start with a serious blogging, they go to professionals with rich experience in the respective domain. If you are someone who wants to blog for other companies then there is Upwork and Elance which can get you started.

So, decide your area of expertise, what do you want to convey to the people with your blog, what do you want to accomplish, etc.

3. Business Coaching and Speaker

Senior adults are highly experienced and skilled retirees for whom business coaching or consulting is the best option to get started. The young people need someone to show direction. There is an extreme need of experienced people, who can guide and lead the way to visualise businesses.

I have met a senior adult who had a rich experience as a flipkart seller, so being in this area for so long, he has started consulting the young. He provides coaching to the young who are in dire need of a direction.

Every course in the world is available online. Most of the senior adults have valuable life learning lessons to teach. One can create online courses or webinars to share their expertise meticulously. So many portals such as Udemy, Unacademy and Techable allow users to create their own videos, easy to create and share with the audience.

4. Social Media Agency

With the increased use of social media, social media marketing is trending these days. Social media marketing is marketing or promotion of products using social media. As everyone is aware of social media these days, this business to promote products on social platforms is a huge benefit.

So if you are someone with a background of marketing, and knowledge about various tools this is the correct profile for you. You can start your own social media agency, be your own boss! Lovely isn’t it.

5. Graphic Designing

Graphic designing has always been in high demand. If you have an existing knowledge in this area, you can build your own business to provide graphic designing services. Freelancing is the best option here.

People with startups, need logos, designs for their websites, prototypes etc. So this is an evergreen field which is always in demand.

Author Bio:

Mohit is an ECommerce Enthusiast and Owner of MohitECommerce. He is Working With Many Vendors in Different Categories of Products Across Various Marketplaces. He is Very Good at Amazon Seller Training, Amazon FBA, Amazon Seller Registration, Amazon Brand Registry, Amazon Account Suspended (Making Plan of Action). He Likes To Help All Type of Businesses Mainly Small and Medium Businesses Which are eager to Step in Online Business.

10 Innovative Apps for Seniors

Our thanks to Artur Meyster for this contribution to our blog. 

Smartphones each year are farther away from being a cellphone and closer to being a mobile supercomputer. Therefore, it is undoubted that they play an essential role in our daily lives. The rapid advancements of technology have allowed developers to create apps that can make our lives easier—especially for seniors. Whether or not you are a fan of tech, below are some innovative apps that might come in handy and bring about positive impacts in your life.

1. FallSafety

The app offers help when you need it the most. With its intelligent fall detection feature, FallSafety can detect when a user experiences a fall and will automatically send an alert to an emergency contact or healthcare organization. The app takes a few seconds after the fall to send the alert, in case it’s a false alarm. The app is available for Android, iOS, and Apple Watch users.

2. Red Panic Button 

This app is for everyone to use in emergencies. If you find yourself in a threatening situation or if you worry about your safety, you can whip out this app and press the red button that will immediately send a text message and an email containing your GPS coordinates to your emergency contacts. This app is especially great for seniors who have problems with mobility as it will ensure they get the right help at the right time, with just a push of a button.

3. Lumosity

Lumosity is a brain-training app that can help improve a user’s memory and focus. While we could all use a little brain teaser every now and then, seniors especially can benefit tremendously by using Lumosity as it keeps the mind active in a fun way. The app offers various interactive features to sharpen your problem-solving skills and math abilities, among others.

4. Seniors Phone

At the rate of which technology is advancing, it is understandable how some seniors might find it overwhelming. That is, however, a problem of the past. Seniors Phone is an app that changes the user interface of any smartphone to a simplified version. You can customize everything—from the size of the fonts to the buttons—to make it easier for a user to navigate the smartphone. Some other features include bright-colored widgets for better identification and an SOS button which can send a distress signal to an emergency contact. 

5. VizWiz

Many seniors have deteriorated vision which can make daily activities a real challenge. Enter the VizWiz app, which allows a user to take a photo of their surrounding and receive the corresponding descriptions. According to its developer, the app combines automatic image processing, anonymous web workers, and members of the user’s social network in order to collect fast and accurate answers to their questions.

6. EyeReader

This is another app that is meant to help individuals with visual impairments. The app is essentially a unique reading magnifier that can help many who find it difficult to read the smaller print. As we age, our visions will likely deteriorate, therefore this app can prove to be really helpful for seniors to perform daily tasks that involve reading.

7. MedMinder

MedMinder is not only an app, but it is also hooked to an automated pill dispenser. This innovative device helps seniors to stay independent by alerting them about the right time to take their medications. Its safety features ensure that pill mix-ups are a thing of the past. The dispenser will be locked at all times unless it’s time to take a pill. First, the compartment will flash, then the device will make a beeping noise before sending an alert via the mobile app. If the patient fails to take the pill at the right time, the app will notify all caregivers. 

8. LibriVox

We all love a good story but what happens when your vision starts to deteriorate and reading becomes more of a hassle than a hobby? Opt for audiobooks. LibriVox offers an extensive list of audiobooks that are recorded by volunteers, available on the free public domain for anyone and everyone interested. Users can either choose to listen to the audiobooks online or download them for later. 

9. Yesterday USA

For those who are feeling nostalgic about the old times, Yesterday USA is the perfect app for them. The app is an internet radio station that broadcasts old radio shows from the 1920s to the 1970s. Now in its 31st year, the best part about Yesterday USA is you can tune in any time of the day as it operates 24 hours. 

10. Medisafe 

Medisfe is an app that works with Machine Learning and AI. The app is for seniors to keep track of all their medications. It gives reminders of when to take each pill and also alerts users when the prescription is running low. Medisafe also lets users enter their caregivers’ information, allowing the app to send alerts if the users forgot to take a pill.

What to Do With Your Home After Transitioning to Assisted Living

Our thanks to Jim Vogel for this contribution to our blog. 

When seniors transition into an assisted living facility, there are many questions raised about the home they’re leaving behind. After spending years of their life in their house, it can be difficult to determine the best option. Generally speaking, there are three choices seniors are faced with: selling their home, renting it out, or giving it to a family member. Each option comes with its own set of advantages and disadvantages. It would behoove seniors and their loved ones to consider their financial and overall life circumstances before deciding on one of these options.

Sell the house to pad your savings.

The traditional step to take when moving out of a home is to list it on the market and put the proceeds toward a new property. Even though you’re not going to purchase a new home, you can still use the money to help cover the cost of the assisted living facility (assisted living in California averages $3,750 a month) or to pay off prior debts.

Before listing your home on the market, it’s important to take note of the average price of similar properties in your area to help determine what to do with your own (Alameda homes have been selling for an average of $979,000 over the last month). You want to avoid missing out on potential earnings from underpricing and prolonging a sale due to asking for too much. If you have the resources, hiring a real estate agent can also be a great way to sell your house smoothly.

Entrust it to a family member.

If you don’t like the idea of losing your home or renting it out to tenants, you can always entrust it to a family member for safekeeping. You’ll be able to maintain ownership of the property without having to worry about maintenance or upkeep. You might even find a relative willing to live in the home while paying a small fee. You’ll have the benefit of monthly income without the hassle and responsibility of dealing with renters.

Some seniors may want to go a step further and legally transfer ownership of their old home to a family member. This can be done immediately following your transition into an assisted living home or set up for a posthumous transfer of ownership. Either way, you can be sure that the home is taken care of and stays in the family.

Find tenants for a monthly income.

It’s a sad fact that millions of seniors in the United States are struggling financially, but if you’re willing to put in a little effort, your old home can be an excellent source of passive income.

The first step to turning your home into a rental property is making any necessary updates and renovations to make it livable and appealing. Next, you’ll need to find reliable tenants with good credit scores, little to no debt, and no criminal history. You may also have to hire a property manager to care for the property while you’re away. It can be a small yet necessary cost for seniors who don’t have the physical ability and time to keep a rental property up and running.

Moving into assisted living raises many questions about what to do with the home you’re leaving behind. When you have such an emotional connection to your home, it can be difficult to make the right choice. Before making the final call, make sure to consider your current circumstances and think about which option is most suitable.

Photo Credit: Pixabay.com

Age-Related Stressors and How They Affect Your Quality of Life

Our thanks to Kent Elliot for this contribution to our blog. 

Stress can affect us at any age, but seniors are often triggered by different types of stressors than kids, teens, and adults of other ages. For instance, the American Institute of Stress (AIS) explains that some of the most common stressors among seniors include the loss of a loved one, changes in personal relationships, and physical impairments affecting the five senses. For some older adults, the lack of structure in their daily lives can become problematic as well.

While some strategies for senior stress management may include a combination of meditation, yoga, exercise, healthy eating, and controlled breathing, other treatments include antidepressants and/or cognitive behavioral therapy. Since recommended treatments vary widely by situation, it’s important to speak with a doctor about your symptoms and the different types of solutions that may be available to you.

Read on to learn more about the stressors that most seniors face, as well as the steps you can take to get the emotional support you need when managing any ongoing worries and fears.

Common Stressors Affecting Seniors

For many seniors, difficult life situations can result in feeling stressed, fearful, or emotionally unwell—especially if they begin to notice changes in the ability to walk, talk, hear or see. Many seniors also experience stress after the development of an age-related health condition or mobility impairment, as this may lead to the fear of losing the ability to live independently, age in place, or drive a vehicle.

Changes to finances or socioeconomic status—especially after retirement—may also cause seniors to worry about their financial standing more than ever before. Depending on their financial situation and current state of health, seniors may even worry that they cannot afford to support themselves as they age. However, working with a financial advisor and setting a budget may help to ease some of those worries.

Moreover, the loss of loved ones or any change in their personal relationships is another common stressor among seniors. For many older adults, the fear of losing a child, spouse, pet, or another loved one is more worrisome than the thought of their own death. However, speaking with a trained mental health professional can help seniors to control their fears and develop a plan for the future.

How to Get the Emotional Support You Need

Anxiety disorders in seniors may occur as a result of extreme stress, trauma, bereavement, neurodegenerative disorders, or other medical conditions. As such, it’s important to identify your stressors and know when to seek professional help for chronic stress, anxiety and/or depression.

According to the American Psychological Association (APA), about 19 percent of adults age 60 and older take an antidepressant medication for relieving symptoms of stress, depression, and/or anxiety. While some seniors may be able to control their stress without the use of antidepressants, it’s important to meet with a doctor to discuss your symptoms as soon as you begin to worry about your emotional health and well-being.

If the cost of seeking professional help for your emotional health is holding you back, however, keep in mind that Medicare Part B includes coverage for counseling with specialists such as psychiatrists and clinical social workers, as well as other mental health services. Plus, Medicare Part B provides you with one free depression screening each year. To schedule your free screening, contact your primary caregiver.

Relief from Age-Related Stress is Possible

Stress affects us at all walks of life, but our ability to cope with stress becomes even more difficult as we age. As such, it’s important to seek immediate treatment for stress to reduce your risk of heart disease and other stress-related medical conditions such as high blood pressure. By seeking treatment for your stress, anxiety, and/or depression, you will improve your quality of life and prepare yourself for any other obstacles that may come your way.

Why Are Seniors Turning to CBD?

This blog is contributed by Matt Scillitani of remedyreview.com

CBD, or cannabidiol, has been studied as a substitute for everything from anxiety cures to pet medication, and this natural aid isn’t just for the young. There’s interest in CBD among those aged 54 and older.

We studied over 1,000 seniors, 54 years old or older, and asked them questions about their CBD usage, associated benefits and side effects. Read on to hear what these mature men and women had to say.

Not So Stuck in Their Ways

Nine percent of the seniors surveyed used CBD for health-related purposes. Over 65 percent of the seniors who tried CBD said their quality of life was good, whereas just 31.1 percent said the same before trying CBD.

Skepticism may have kept 91 percent of the interviewed seniors away from CBD, but those who gave it a shot reaped its rewards. Seniors who tried it admitted that CBD prompted a dramatic improvement to their quality of life.

Ingestion Options

Fifty-four percent of seniors applied CBD by directly inserting it into the mouth. For the next most popular administration method, 21.1 percent chose to eat CBD-infused edibles and add oil drops to their beverages. The least popular ingestion method was through smoke or vapor, utilized by only 10 percent of our senior CBD users.

The CBD Hit List

Forty-two percent of seniors used CBD with the goal of reducing inflammation. Relief from chronic pain was the second most-cited incentive. Anxiety and stress were cited as the fifth and sixth most common symptoms, respectively, that seniors attempted to alleviate via CBD.

Senior Symptoms Alleviated

Chronic pain saw a 61 percent reduction rate among seniors using CBD. As added bonuses, 23.3 percent experienced a better mood and 45.6 percent noticed improved sleep quality.

This data clearly encourages CBD as an alternative healing tool. Seventy-eight percent of seniors said they were satisfied with the product, and 89 percent said they would recommend CBD for health-related purposes to a family member or friend.

Over or Behind the Counter?

Twenty-six percent of the seniors think they personally consume too many prescription drugs. CBD provides a safe alternative and has piqued interest because of it.

The effectiveness of these remedies is what won over our seniors.  Nearly 29 percent rated CBD as extremely effective, while another 38.9 percent claimed it was moderately effective.

The Next Budding Market …

Interest from all varsities of age have led to CBD’s booming market. Symptoms like chronic pain can be remedy motivators for seniors, while stress and anxiety cures attract many modern health gurus.

Methodology and Limitations

We collected responses from 1,047 seniors by administering online surveys through Prolific.ac. For this analysis, we have defined seniors as adults aged 54 and older. Respondents who were younger than the designated age were excluded from our findings. To ensure data accuracy, participants who failed an attention-check question or entered inconsistent data were excluded.

The main limitation of this study is that different sources have varied definitions for the age ranges that qualify as “seniors.” Additionally, the self-reported nature of our data is subject, but not limited, to selective memory, exaggeration, or telescoping. These findings have not been reviewed or approved by medical experts and should not be used as a substitute for seeking out and listening to a primary care physician.

Disclaimer

The findings shown in this study are not medical advice and should not be used as a substitute for seeking out primary care providers. This study is based on anecdotal evidence and relies on self-reported data.

How to Find the Best Shoes for Older Adults

Our thanks to Clarissa Rivera of Taos Footwear, for this contribution to our blog.

Finding the right shoes for older adults can be tricky, but doing so can help older adults maintain an active lifestyle which will contribute to better health and a better quality of life.

Whether you decide on a pair of supportive sneakers or comfortable sandals, your best bet is to find a pair that matches your needs and helps you stay active. The wrong shoes, on the other hand, can be uncomfortable, not to mention dangerous, so it’s crucial to find the right pair for the right activity.

Below are a few essential things to remember and look out for when shoe shopping.

 

Feet change

Feet change in shape and size as we get older, which means we can’t wear the same shoes that we wore in our twenties – no matter how much we spent on them, or how much wear they appear to have left in them.

It’s quite normal for your feet to get wider or more swollen as you age. However, we recommend talking to your doctor about any changes you notice, to make sure they are not related to an undiagnosed medical condition.

Get rid of your old shoes

Shoes lose their support and cushioning over time, so replace them when you see wear on the sole, upper, or inside. If your shoes are pinching your toes, then that is a sign of a poor fit, so you should get rid of them to avoid further problems.

Older adults who have less feeling in their feet are in a much more vulnerable position, as they might not feel the pain associated with a poor fit. So, we would suggest changing your shoes every year or 18 months – depending on how much wear they get – just to be on the safe side.

What to wear indoors…

Yes, staying in counts as an activity, so it’s important to prepare your feet for staying indoors too. Walking around barefoot or in just a pair of socks isn’t ideal. Shoes or sturdy slippers should always be worn around the house, as they will not only protect your feet, but they will also help with mobility.

However, slip-on slipper styles and flip flops should be avoided in older age, as it’s extremely easy to step out of them and trip. Flip flops can also cause damage to the toes and toenails, so they should be left to the younger generation.

Choosing the right shoes for the right activity  

The first step to choosing new shoes as an older adult is to be clear about what you want them for. Walking shoes are very different to running shoes, and running shoes are very different to dress shoes, so make sure you tell the salesperson and whoever is helping you what they will be used for.

The second step is to ensure that they are comfortable before you leave the store. If you are looking for walking shoes, go for a walk around the store. The same goes for running shoes. They can be worn in gradually once you get home, but they should fit somewhat comfortably when you first try them on. Here are just a few more things to look out for when shopping…

 

Make sure you are happy with the length, width, and capacity of the shoe, as well as its shape. The salesperson should be able to trace the outline of both of your feet while you are standing; the outline can then be used against the shoes in the store to find the right pair.

 

One foot could be bigger than the other, so always choose a size that fits the larger foot. The smaller foot can then have an insole placed inside the shoe for the perfect fit.

 

The fabric of the shoe is extremely important, too. We recommend choosing a shoe with an upper section made of either soft leather or heavy fabric.

 

The back of the shoe shouldn’t be neglected in your search either, as it should stabilize the ankle and the heel. If possible, the heel should be compressible, low, and broad.

 

The sole is also one of the most important things to consider, as a thick, solid sole is crucial to mobility. Those with Parkinson’s often find that smooth soles help them move more easily. Non-skid soles, found in most sneakers and sports shoes, provide good traction. Silvert’s sells a range of adaptive footwear that could greatly benefit older adults. Shoes with extra depth to help with orthotics, shoes that are adjustable for older adults who suffer with foot swelling, and shoes with anti-slip soles are just a few examples.

 

Pay attention to how the shoe fastens.

Someone who cannot tie their laces may be more comfortable using VELCRO, or a buckle that can be adjusted by hand, foot, or cane. New Balance makes shoes with hook-and-loop closure, as a helpful alternative to laces. Some models are Medicare-approved as diabetic shoes too.

 

Socks are just as important.

Be sure to team your new shoes with a good pair of socks. Choose sweat-wicking socks that are anatomically-shaped, as they can reduce your risk of developing blisters. Your local sports or running store should have a good selection of appropriate socks.

 

As you can see, choosing shoes for older adults might require a little bit of extra thought, but the results of finding the best shoe are more than worth it.