my grandma have suggested that i should start a nursing home at where iam right now in vancouver. Is it viable? The oldest baby boomer is  65 right now. So in around 15 years or so, they will be in their nursing home ready age.

i thought about it. And right now the society is focus so much on the younger generation. because 20-30 years ago, poeple living to 100 years old is unheard. So 65+ people are waiting to die. But now its really a start of a "second life". Living to 100 is a common sight. My business plan would not only starting a nursing home but also start whatever that would be catering  these poeple starting this "second life" from 65 to 100. which is 35 years, and 35 is signficant, as most poeple career dont even last long.


any suggestion would be much appreciated.

you might be thinking , why the freak im asking here. Well , you are a bunch of english speaking poeple living in HK and also have money for mongering. most of you guys are probably pretty intellgent and probably above average.

[ Last edited by  uwotextbook at 30-6-2010 07:39 ]

How about setting it up in China and staffing it with 141 girls. It's always been one of my life's ambitions to die a dirty old man, with a smile on my face and according to the following article I have every chance of living well past 100.


At age 100, you might think about retiring
REACHING the age of 100 may be enough to get a letter from the Queen but soon it may not qualify you for a retirement party from work.
Medical research shows half of the Australians - particularly women - born this century could live to at least 100, while improved health and lifestyle will ensure we are able to work and stay active for longer.
John Beard from the World Health Organisation thinks Australian companies could have 100-year-old employees within 20 years as more workers are encouraged to postpone retirement.

''A woman in the United States just celebrated her 100th birthday at work. I don't think that will be unusual in 20 years' time,'' he said.
The ageing of the workforce will require a major change in thinking, however. He warned that the most rapid period of population ageing was still to come and pouring money into hospitals and pension plans was not the solution.
''We have retirement policies which provide incentives for early retirement, we have entrenched ageism in the system where older workers are viewed as untrainable in new technologies,'' Mr Beard said.
''We need to be rethinking those [policies] at the same time as putting in place some of the social services that may be required for the truly disabled older people.''
Experts warn that as the population ages rapidly and as we work longer and earn more, the cost of keeping us alive will also increase.
KPMG demographer Bernard Salt predicts that as the growth in the number of centenarians continues to outpace every other age group in Australia, governments will struggle to afford to keep them alive.
''These are very expensive years to maintain,'' he said.
''Do you believe a 90-year-old or 100-year-old should have access to a $1 million piece of equipment to keep them alive for another three months, or as a society should we be spending that $1 million on a piece of sporting or education equipment for a 23-year-old?
''We need to have that debate and decide the limits of what we're prepared to allocate to health and aged care because the demands will be infinite and the technology means we can keep people alive beyond 100, perhaps even 110 or 120 years.''
Mr Salt said there would come a time when rich people would be able to buy extra years of life.
''In other words, life and death and quality of life beyond 80 will be a matter of money in 20 years' time,'' he said.
Australia already has one of the highest proportions of centenarians in the world, behind the United States, Norway and Sardinia.
They number between 3000 and 4000 today and some suggest that figure will balloon to 12,000 centenarians in 10 years and to 50,000 by 2050.
Results from the University of NSW's Australian Centenarian Study, conducted by Professor Robyn Richmond, found that despite their frail image, many centenarians were independent and relatively healthy.
More than one in four men aged over 100 lived alone and only about half of those aged 100 or over lived in nursing homes. But more home-based services would allow a larger number of centenarians to remain in their homes, Professor Richmond said.
Heather Booth, from the Australian National University's Demographic and Social Research Institute, said there had been little planning for a larger and more active older population, who would demand things such as better transport and age-friendly shops and restaurants.
''We're going to need more public transport,'' she said.
''These people are not just going to stay at home, they'll be organising themselves to enjoy life as well, and demanding that society responds to their needs.''
One of these needs will be wanting to work well past the traditional retirement age of about 65.
John McCormack, director of the Australian Centenarian Study at La Trobe University, found most centenarians would like to continue working: ''We've got to be more age-integrated rather than age-segregated.''
Link here:
http://www.smh.com.au/national/a ... -20100612-y4jk.html

[ Last edited by  atomic3d at 30-6-2010 08:22 ]

I normally don't recommend anyone to start any business of any kind anywhere in Canada. The cost of operating a business is too high as are the taxes. Think about the costs of operating a retirement home, the rent, labour, supplies ... etc. Nothing comes cheap. However I do know someone who has a very successful retirement home business in Toronto. They mostly cater to old Jewish folks who can afford to pay the big bucks.

You do have a very valid point about the aging population. It's definitely something worth exploring if you can figure out a way to do it at a reasonable cost.

thanks for the suggestion. I thought about starting in china. yes the cost is much lower. But there is such a negative stigma around retired home in china. THe poor and old chinese dont have enough food yet alone going to retired home. Also hiring a full-time maid is really inexpensive china. The mid class and the rich can definitely afford it. So why go to a retired home.

Think China is an excellent choice for a nursing home. Think high end. There are quite a few nursing homes in Shenzhen and DG already started by HK companies that are booming. These are catered to mainly HK people but Chinese will find this more affordable as time goes by. Best is to do your own market research. Your grandma knows what she's talking about but implementing something like this takes a lot of investment and time.

I think your 1st step is to get a full-time job at a nursing home to see 1) if you can work in such anenvironment, 2) you learn how a nursing home works, 3) to do market research (ie talk to both endusers, the elderly and their in-laws who put them in their in the 1st place.  Remember if you start a nursing home, it will be expected for you to be there almost 24/7 (or at least nearby) in the 1st year to make sure it becomes a success.

A nursing home is not for the squeamish and impatient and some nursing homes can be downright depressing places.  The ones in N.America look like hotels compared to the ones I have seen in HK.

This is a statistic I've dug up from the Journal of the American Medical Directors Association. China will face a dramatic transition from a young to an aged society in the coming 30 to 40 years. In 2000, there were 88,110,000 persons aged 65 years and older, which represented 7% of the population. This percentage is projected to increase to 23% in 2050.

thanks geoduck.. i have limited funds. Those highend retired homes that i see on tv. I might not be able to afford it initially. I will definitely have to start small, 20-40 beds or so. My uncle was thinking to buy a exsisting mid class nursing home and it was 600kCAN back in 2000. And im sure the price has went up a lot since then.


thats what im thinking. I cant find a war without knowing who im fighting. I need to know whats going on before doing anything.
Also, i have very little working experience anyhow.

[ Last edited by  uwotextbook at 30-6-2010 12:32 ]

Hmm lots to think about then.

If you post on websites dedicated to chasing paid for tail you might get some good business advice.

Oops.



Only kidding. Good luck with whatever you choose to do

I think he should first finish his school and graduate. Grow more pubic hairs and learn to accept 50Yos bald head old man trying to pick up and get cheesy with 20 yos nurse.........he;s talking running a old folks home, so shit like this is inevitable.



Remember this?

http://forum.sex141.com/eforum/v ... page%3D2&page=1


Dont let him fuck with your head and we should stop wasting time replying most of his non-sequitur comments/topics.

[ Last edited by  hunter at 30-6-2010 18:12 ]

first of all, thanks for paying so much attention on me. You know so much about me, what i said in every post.. Its kinda like when this guy first started to know a girl, he would remember everything she said. I think its kinda sweet.I really appreciated that.  But at the same time, i think its creepy and im getting into your head a bit too much.

Everyone else has posted very good informative replies and I really appreciated that. I do not have much experience in the real world. And you guys help me confirm my thinking is in the right direction.

I know you are a mod, hunter, and no one dare to offend you. but seriously, if you have nothing good to offer to this discussion. You could just _ _ _ _.

thanks in advance.

Let me tell you something text ... you keep telling us you have little experience in the real world, this I take
it that you're telling us honestly ...

with all due respect to the bros who's answered you, their advise is jack shit if you base your findings on what they say
given what you told them, to start any business. They don't know you nor your circumstances !

Starting this thread asking for advise on this subject will get you nowhere !