Entrepreneur Project I Research Paper Example | Topics and Well Written Essays - 1250 words

Entrepreneur Project I - Research Paper Example blindness and deafness); they may also suffer from several mental disorders. In addition, some of the aged may not have people to effectively take care of them as some may be living alone, either because they were not married or did not have enough savings to buy or build a house after retirement. This necessitates the need for the creation of several programs, which will specifically target the aged and ensure that the quality of the life that they lead is not compromised by the fact that they are aged. Entrepreneurs and businesses should therefore look for ways to take advantage of the situation in order to get financial benefits. For instance, different products can be devised which will mainly target the aged in the community. One such product is the establishment of a paid up aged care; this facility will be able to provide the aged with the services necessary for the improvement of the quality of their lives. Moreover, the services provided will specifically target the old and will therefore incorporate different requirements that the aged need. Due to the fact that the business targets only a specific demographic sector, the business must effectively know how to deal with the uncertainties or future changes in the demographic fraction of the population. America currently has the highest number of the aged population in history. This aged population is expected to reach about 80 million as the baby boomers start reaching the retirement age (Cress 2007 p 211). In addition, this population needs specialized care and hence providing ready demand for the company’s services. Florida has a population of about 18 million; of this population, 17.2 percent are aged above 65 years. This is far much higher than the national average of 12.9 (US censors bureau 2009). However, even though the statistics of the aged appear to be large, only a small fraction of the population is fully capable of settling their