8A – Solving The Problem

Problem- As the population ages, seniors will increasingly need long-term care. The lack of long-term care is constantly playing catch-up, leading to it being very high in price.

Solution: A company which provides a suite of senior needs, adapted to whatever the individual prefers. How do we do this? An individuals assets are valued and placed into a managed trust. Our company acts as financial adviser and care provider, this allows us to manage risk from both sides. We can approve the senior for HE loans for home modifications, and receive referral fee's for doing so. We can provide flexible live-in care as needed. This allows us to meet senior needs and maintain an acceptable but managed amount of risk.


Comments

  1. Daniel KaplanFebruary 9, 2020 at 10:41 AM

    Hi Zach,

    I think your idea is a very great opportunity for a business. The elderly will always need to have someone or something to take care of them depending on their age. If you are able to successfully adhere to all of the needs of the seniors, there is a good chance of success. I think it would be very smart for you to add smart technology to their homes to further assist them. An example of this could be a ring for their door which allows them to open the door and check who it is without getting up.

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