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rolf

Business Ideas?

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I've thought about owning a care home one day. Seems that all the boomer money locked up in pwoperdy will eventually all be liquidated and pass through to care homes who will wipe their @r3e for them for an average of 2 years before they pop their clogs and to the tune of 20 grand a year or similar.

How expensive can it be to run a place? You need the large property but after that, you can hire cheap labour and feed the oldies cheap food too. If they want better, they or their offspring can pay for it.

I wondered why there is not a race to the bottom for the care industry in terms of competitive pricing but now but I reckon that so long as the money is coming from inflated house prices, that prices won't drop. If they've got the money, we'll have it etc.

Also what about running a hostel for low-lifes just been released from prison? I've seen these places and they are in rough areas. You can go and buy an end terrace for cheap and make more rooms inside then get paid by government to house these scumbags. Not sure how much money it is but the places generally look sh1t so I can't imagine it costs much to run it.

Your thoughts?

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I've thought about owning a care home one day. Seems that all the boomer money locked up in pwoperdy will eventually all be liquidated and pass through to care homes who will wipe their @r3e for them for an average of 2 years before they pop their clogs and to the tune of 20 grand a year or similar.

How expensive can it be to run a place? You need the large property but after that, you can hire cheap labour and feed the oldies cheap food too. If they want better, they or their offspring can pay for it.

I wondered why there is not a race to the bottom for the care industry in terms of competitive pricing but now but I reckon that so long as the money is coming from inflated house prices, that prices won't drop. If they've got the money, we'll have it etc.

Also what about running a hostel for low-lifes just been released from prison? I've seen these places and they are in rough areas. You can go and buy an end terrace for cheap and make more rooms inside then get paid by government to house these scumbags. Not sure how much money it is but the places generally look sh1t so I can't imagine it costs much to run it.

Your thoughts?

I wouldn't go anywhere near that sort of business as it will simply be a long chain of constant stress. Any business in which you are responsible for other people would be a nightmare; you'd spend all your time keeping on top of the regulations and the first moderately serious thing that goes wrong will close you down. I reckon the only thing more risky and moe stressful than an old peoples home is child-care and someone I know has just got out of that for just those reasons.

Businesses like that need to be run by people who are totally devoted to them, who enjoy the work and who can take the stress without too many worries.

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How expensive can it be to run a place? You need the large property but after that, you can hire cheap labour and feed the oldies cheap food too. If they want better, they or their offspring can pay for it.

I wondered why there is not a race to the bottom for the care industry in terms of competitive pricing but now but I reckon that so long as the money is coming from inflated house prices, that prices won't drop. If they've got the money, we'll have it etc.

Have you evern seen old peoples homes in HK? They are what you are talking about, think about a modern day office with cubicles to separate people. In HK old folks homes are exactly the same. In Good expensive ones like the one my gran gets my dad to pay for, they have a cubicle type space to themselves. They are fed 2 meals a day there is no lounge they sit on their beds and moan about how their children have abandoned them.

In bad ones they have cubicles but shared between 3 people (they use extra narrow beds and do not use bunk beds). They are fed one meal a day usually a bowl of rice (if they are lucky) and a plate of vegetables. Also a bowl of porridge

In the really bad places you have extra narrow beds, bunk beds where underpaid indonesians lift them in and out of beds and they are locked into their cubicles 23 hours a day and they are given a bowl of porridge twice daily.

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Have you evern seen old peoples homes in HK? They are what you are talking about, think about a modern day office with cubicles to separate people. In HK old folks homes are exactly the same. In Good expensive ones like the one my gran gets my dad to pay for, they have a cubicle type space to themselves. They are fed 2 meals a day there is no lounge they sit on their beds and moan about how their children have abandoned them.

In bad ones they have cubicles but shared between 3 people (they use extra narrow beds and do not use bunk beds). They are fed one meal a day usually a bowl of rice (if they are lucky) and a plate of vegetables. Also a bowl of porridge

In the really bad places you have extra narrow beds, bunk beds where underpaid indonesians lift them in and out of beds and they are locked into their cubicles 23 hours a day and they are given a bowl of porridge twice daily.

Once when i was doing some casual work i spent 2 days in an old folks home replacing some old beds with newer electric models.

Many could not eat by themselves anymore but had to be spoon fed , nor could many go to the bathroom by themselves anymore.They all sat in their chairs watching television all day.

It really was sad , these people should have the right to die with dignity by injection.

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I wouldn't go anywhere near that sort of business as it will simply be a long chain of constant stress. Any business in which you are responsible for other people would be a nightmare; you'd spend all your time keeping on top of the regulations and the first moderately serious thing that goes wrong will close you down.

Insurance.

Businesses like that need to be run by people who are totally devoted to them, who enjoy the work and who can take the stress without too many worries.

Are you kidding? Care homes hire dirt cheap overseas labour.

And I saw Homes under the Hammer. Couple of Indians who already have care homes and were buying a new building. These guys were businessmen, not the caring type. I'd just hire a manager, there's no way I'd actually work there day to day.

This has got to be a unique niche. Growing business in decades to come, artificially inflated prices, cheap labour, cheap running costs. Just the capital outlay that is expensive. I reckon you'd need at least a million, maybe two, to start off such a company.

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Once when i was doing some casual work i spent 2 days in an old folks home replacing some old beds with newer electric models.

Many could not eat by themselves anymore but had to be spoon fed , nor could many go to the bathroom by themselves anymore.They all sat in their chairs watching television all day.

It really was sad , these people should have the right to die with dignity by injection.

I agree. Living like that is not "life". We may be living longer but with the breakdown of tribal communities, it is not worth living your years out once you need to rely on others. I'd definitely kill myself.

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I had a great business idea earlier. So great that I didn't want to go posting about it on an anonymous internet forum :D

If it's unique then I agree that is a good strategy.

Mine is not unique though. Plenty of room for competition.

There are tons of boomers who are literally shi1tting their pants. And there will only be more! When I think of boomers I think of how can I get my money back from these greedy b@stards?

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Insurance.

Are you kidding? Care homes hire dirt cheap overseas labour.

And I saw Homes under the Hammer. Couple of Indians who already have care homes and were buying a new building. These guys were businessmen, not the caring type. I'd just hire a manager, there's no way I'd actually work there day to day.

This has got to be a unique niche. Growing business in decades to come, artificially inflated prices, cheap labour, cheap running costs. Just the capital outlay that is expensive. I reckon you'd need at least a million, maybe two, to start off such a company.

I know just such an Indian businessman and he sold out of care homes a while back as, although in the early years they made good money, they became unprofitable.

The problem is that when you open the home you can fill it all full of sprightly inmates in their early eighties. Unfortunately, they will all age together and within a few years all your inmates are equally decrepit. This is then makes it very difficult to attract new inmates as when their families visit they will find the idea of dumping their still lively loved one in your pit of geriatric misery deeply unappealing.

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Your thoughts?

I used to have dealnigs in this business and visit homes.

I would try to contact someone in the know if it interests you. You'll need to have sufficient capital to start up.

The fundamentals look good in the southern counties such as Dorset, there is a never ending supply of elderly people who need to be looked after. Void periods are low from what I've seen. The people who I've met who own them have money, though I don't know of the margins at the moment.

You don't have to deal with the emotional side of it, the owners I've known are rarely on site - you hire a capable manager to deal with the day to day running.

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How about a business where you say you're a professional but without a professional qualification, then sell people real estate at ever increasing prices, whilst charging enormous fees for taking pictures of their homes on a shitty iphone and playing solitaire at the office.

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Also what about running a hostel for low-lifes just been released from prison? I've seen these places and they are in rough areas. You can go and buy an end terrace for cheap and make more rooms inside then get paid by government to house these scumbags. Not sure how much money it is but the places generally look sh1t so I can't imagine it costs much to run it.

Your thoughts?

What about NIMBYs? Even rough areas draw the line somewhere, surely.

You could start a "B&B" and use it as an excuse to house emergency homeless cases who get paid for by the council, almost the same business model but with less hassle.

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Insurance.

Are you kidding? Care homes hire dirt cheap overseas labour.

And I saw Homes under the Hammer. Couple of Indians who already have care homes and were buying a new building. These guys were businessmen, not the caring type. I'd just hire a manager, there's no way I'd actually work there day to day.

This has got to be a unique niche. Growing business in decades to come, artificially inflated prices, cheap labour, cheap running costs. Just the capital outlay that is expensive. I reckon you'd need at least a million, maybe two, to start off such a company.

Insurance is all very well but it won't compensate if you actually lose the business.

You still have to handle the stress of actually being the owner; managers are often incompetant, bent or both and the bottom line is that they don't own the business so don't look after your interestes as well as you do.

A business like that is non-stop stress. The guys in the TV show obviously knew the business and, you are right, probably aren't the caring type. It's very difficult for most people to treat the welfare of vulnerable people from a purely profit point of view. I couldn't do it unless it was a business I loved doing and I think that otherwise it's just a recipe to stress your self to death.

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I've thought about owning a care home one day. Seems that all the boomer money locked up in pwoperdy will eventually all be liquidated and pass through to care homes who will wipe their @r3e for them for an average of 2 years before they pop their clogs and to the tune of 20 grand a year or similar.

How expensive can it be to run a place? You need the large property but after that, you can hire cheap labour and feed the oldies cheap food too. If they want better, they or their offspring can pay for it.

I wondered why there is not a race to the bottom for the care industry in terms of competitive pricing but now but I reckon that so long as the money is coming from inflated house prices, that prices won't drop. If they've got the money, we'll have it etc.

Also what about running a hostel for low-lifes just been released from prison? I've seen these places and they are in rough areas. You can go and buy an end terrace for cheap and make more rooms inside then get paid by government to house these scumbags. Not sure how much money it is but the places generally look sh1t so I can't imagine it costs much to run it.

Your thoughts?

my thoughts

you really are pond life

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If it's unique then I agree that is a good strategy.

Mine is not unique though. Plenty of room for competition.

There are tons of boomers who are literally shi1tting their pants. And there will only be more! When I think of boomers I think of how can I get my money back from these greedy b@stards?

And you want to open a care home

to$$er (appropriate use of dollar signs i think.

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You still have to handle the stress of actually being the owner; managers are often incompetant, bent or both and the bottom line is that they don't own the business so don't look after your interestes as well as you do.

A business like that is non-stop stress. The guys in the TV show obviously knew the business and, you are right, probably aren't the caring type. It's very difficult for most people to treat the welfare of vulnerable people from a purely profit point of view. I couldn't do it unless it was a business I loved doing and I think that otherwise it's just a recipe to stress your self to death.

Yep, I love the way, also common on TV shows, it's suggested getting managers to run things is an easy solution. It assumes, for one thing, the price customers are prepared to pay for the product/service will withstand the cost of hiring top-drawer managers.

Good managers, generally, know they're good and will either want rewarding accordingly or will either defect to a competitor or (very common) set up in competition. McDonald's business model works as applied to burgers in a bun but, won't ever transpose to looking after the elderly.

Many on here, when whinging about remuneration for people running businesses, grossly underestimate how much aggro and how all-consuming it actually is.

Personally, I'd favour big tax breaks and rewards to dedicated owner-managers, just running a single care home. Although, there'd always be plenty of execeptions, I think, this would deliver the highest standard of care in an environment we, must all accept, through adverse circumstances we could easily end up in ourselves.

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How about fixing a tiny hidden camera inside a communal toilet (ideal if you're house sharing) and then selling the footage to online pornographers?

Your housemates need never know and it may generate a handy revenue stream.

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Didn't Duncan Bannatyne of Dragon's Den fame run care homes?

I had the misfortune of wasting £2 on his book a while back.

He made his money, with the following...

Ice Cream Vans

Slum Landlord - converting houses to flats and filling them with tenants on housing benefit

Care Homes - funded with government grants

...in that order.

And yet the other week I heard him on Dragons Den complaining about misuse of government grants.

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I know just such an Indian businessman and he sold out of care homes a while back as, although in the early years they made good money, they became unprofitable.

The problem is that when you open the home you can fill it all full of sprightly inmates in their early eighties. Unfortunately, they will all age together and within a few years all your inmates are equally decrepit. This is then makes it very difficult to attract new inmates as when their families visit they will find the idea of dumping their still lively loved one in your pit of geriatric misery deeply unappealing.

Interesting. If the margins are already tight (have you seen how much they charge!) then I wonder where all the costs are going.

It's not a problem them aging. The average "length of stay" in a care home is only 2 years. All you have to do is spruce the place up when prospective buyers come by (just like school inspections!).

Tattoo removal shop.

Definitely a good one. Many people have tattoos and many now want to remove them. These laser sessions are not cheap either.

What about NIMBYs? Even rough areas draw the line somewhere, surely.

You could start a "B&B" and use it as an excuse to house emergency homeless cases who get paid for by the council, almost the same business model but with less hassle.

Not a problem in really crap areas. Or I could try your other suggestion. You're right, less hassle, fewer scumbags.

Insurance is all very well but it won't compensate if you actually lose the business.

You still have to handle the stress of actually being the owner; managers are often incompetant, bent or both and the bottom line is that they don't own the business so don't look after your interestes as well as you do.

A business like that is non-stop stress. The guys in the TV show obviously knew the business and, you are right, probably aren't the caring type. It's very difficult for most people to treat the welfare of vulnerable people from a purely profit point of view. I couldn't do it unless it was a business I loved doing and I think that otherwise it's just a recipe to stress your self to death.

I don't buy this argument that this or any other business cannot be operated at arms length if you get a good manager (pay them enough) to take care of things. The management of any business can be delegated for the right price.

[/b]

And you want to open a care home

to$$er (appropriate use of dollar signs i think.

Do you think care homes are charities? They are not, they are businesses. If you expect every care home to be run by "people who care" then 90% of people who need care will end up on the street for lack of places.

How about fixing a tiny hidden camera inside a communal toilet (ideal if you're house sharing) and then selling the footage to online pornographers?

Your housemates need never know and it may generate a handy revenue stream.

There's sod all money left in pron now.

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After a bad experience in a Hostel in New York, I'd like to open a budget hotel in a big capital city, somewhere with close-to-hostel prices but where everyone has the privacy of their own room - it would be as bare-bones as possible, fitting as many rooms into one space as it's legal to do so, so people on a budget could visit somewhere like NY. Unlike the hostel I stayed in, my hotel, though cheap, would be kept CLEAN.

Was wondering if another option would be to have shared rooms, but have the bunk beds in some sort of 'pod' that provided some sort of sound proofing and privacy, but there's probably fire regulations against that or something.

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After a bad experience in a Hostel in New York, I'd like to open a budget hotel in a big capital city, somewhere with close-to-hostel prices but where everyone has the privacy of their own room - it would be as bare-bones as possible, fitting as many rooms into one space as it's legal to do so, so people on a budget could visit somewhere like NY. Unlike the hostel I stayed in, my hotel, though cheap, would be kept CLEAN.

Was wondering if another option would be to have shared rooms, but have the bunk beds in some sort of 'pod' that provided some sort of sound proofing and privacy, but there's probably fire regulations against that or something.

http://www.dailymail.co.uk/news/article-1301454/No-frills-hotel-chain-arrives-Britain--extra-clean-room-towels.html

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  • 149 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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