Venture Budgeting and Forecasting Essay

The challenge America now faces is the number of people reaching retirement will double in number by 2030, and the U.S. population will increase almost 20 percent ("Our Aging Nation," 2015). The goal is for the elderly to maintain and live with independence and dignity, as well as, provide a wide range of professional health and social service expertise, home care, and residential support and services that will be needed ("Our Aging Nation," 2015). Since the number of caregivers needed for this population will not be able to meet the demands other resolutions are considered necessary.

Requires additional training cost, space, business strategy and building customers recognition, hire professional help which may cause additional fund or used available line of credit

Our elderly population is living longer than ever before and not all of them are entering into a nursing home. They are choosing to stay in their own home or their caregiver is choosing it for them. Some caregivers are choosing to move their ageing love one in the home with them. Whatever the case may be, there is an increased need for some type of home health as it applies to the elderly population. “Medicare will pay the full cost of professional help only if the physician

In these services they would usually be offered help with activities of daily life, such as eating or bathing. Some home services also give them other benefits such as residential services, personal care or case management. To give more open details on experiences of Medicaid beneficiaries who need home and communities based services Musumeci and Reaves discuss nine seniors who are disabled and who live in different states. Those include people with different kind of disabilities which can be either developmental, physical or intellectual and issues such as autism, cerebral palsy, multiple sclerosis and their functional limitations that are there because they aged (Musumeci & Reaves, 2014). Based on interview that were given from these people to the Kaiser Commission in 2013 based on Medicaid and uninsured, these peoples’ profiles clearly show us how beneficiaries funds, well-being, status of their employment are affected by the coverage of Medicaid and the role these services play in their daily lives (Musumeci & Reaves, 2014). In the last years states are trying to work on rebalancing long-term care system by dedicating more spending to home and community care rather than institutional care. The reason is this being the efforts that are driven by beneficiaries who are

One thing every living organism has in common on this planet-- age. No one wants to age or face the fact that aging is inevitable. However, since it’s impossible to beat the never ending time clock that is life; everyone wants to be as comfortable as possible when age finally does catch up with them. When the majority of people think of comfortability in old age, they think of living in their own homes and being surrounded by their loved ones. Not many individuals want to be placed into a nursing home type facility because they can’t imagine themselves being comfortable that way. Nonetheless, even though being placed in a home does take away some of an elderly person’s independence, usually the independence lost is in activities that person can no longer do for themselves. Indeed, nursing homes do have their own set of scary stories behind them; life lost, independence lost, and privacy lost, yet many of those stories are outdated. Upon investigation, it would be easy for anyone to scare themselves out of a nursing facility due to the stories that are out there. Yet, upon even further research people would be able to see how far the United States has come in their development and evolution of nursing care facilities. The care of the elderly in the form of nursing homes has faced a tough evolution starting off with a harsh past, to what nursing homes are like now, and what people can expect for the future of these homes.

More and more people will need care in old age, and if they are disabled. Millions of Americans suffer from a chronic illness, or some kind of disability, and many of these people will have limits in their daily activities. Some people experience

Will mom or loved one receive better care at home or in a nursing home? This is a hard choice to make, but which is the best? In this paper, it examines the efficiency of home care programs, assisted living and long-term care programs. It examines the care and cost of the different programs with respect. The decision of whether or not to place an aging parent (or a loved one) into a long-term care facility, or to try and to keep them in their own home or yours is one that many American families are facing each day. Factors in dealing with this decision are too numerous to count, but we will address a few of them in the following paper, like the

In choosing a form of business organization for a new enterprise, impor­tant factors include the ability to raise capital.

However, these suggestions are met with disturbing facts. According to an article in The Journal of Gerontology, 25% of elderly persons between the ages 70 to 85 will not have a living spouse or children by the 2030 (Zhang and Hayward, 2001). With this information, there will be a large amount of the elderly population that will not have family to care for them. Additionally, the cost of living in a personal care home is more expensive then living in the community. According to Long Term Care (2013), the annual cost to reside in a personal care home is $73,183 for a semiprivate room. This amount is compared to the average monthly Social Security retirement benefits of $1,341 (SSA, 2016). With the proposed financial crisis, this amount of money is not realistic for the increasing rate of the elder. Also, personal care homes are being forced by Kentucky Protection and Advocacy advocates to speak with their residents about living independently with the hopes that personal care home living will be non-existent in the future (Musgrave, 2013). According to the Program Review and Investigation Committee on personal care homes in the state of Kentucky, there were 81 personal care homes with

Since 1994, the number of American adults over 50 who are providing care to their parents has tripled and now exceeds 10 million (National Institute on Aging 2008). At the same time, paid eldercare has become big business. Total annual revenues have been estimated at $264 billion (Freedonia Group 2008), of which 54% went to in-home care services and assisted living in 2006 (Reuters 2008). While much in-home care is medical care, nonmedical assistance is also common. In 2000, over 378,000 Americans over age 75 were receiving paid, in-home assistance with daily activities such as shopping, transportation, and grooming that fall outside of the category of medical care (National Center for Health Statistics 2004). Some older adults hire paid care providers because they have no family or friends available to provide assistance, but most paid caregivers join an existing group of family members or friends who are already helping the older person. The composition of this group and the types of assistance members provide has been shown to change over time as the older person’s needs and members’ circumstances change (Peek and Zsembik 1997; Waldrop 2006). The group of people that helps an older person to consume has yet to be considered by marketing scholars. Previous studies of group consumption have focused on the nuclear family (Davis 1976; Palan and

Research in the United States of America has shown substantial benefits for consumer direction for persons of all ages, cultures and backgrounds who need long-term care. Further, the argument that consumer directed services are not appropriate for elderly persons with disabilities or for individuals with cognitive impairments has been debunked, with studies showing many elderly individuals with disabilities and persons with cognitive impairments can express daily preferences for care and can benefit from consumer directed programs.

Total Start-up Expense $18,350 Start-up Assets Needed Cash requirements $25,000 Start-up inventory $0 Other Short-term Assets $7,000 Total Short-term Assets $32,000 _______________________________ Total Assets $32,000 Total Startup Requirements: $50,350 Left to finance: $0 Start-up Funding Plan Investment Investor 1 $20,000 Investor 2 $20,000 Other $10,000 Total investment

Within partnership all partners need to collaborate equally for the business. All partners came to an agreement of an investment of $(15,000 ) this amount was studied and determined to fit all four partner’s financial situations, the 15,000 includes but are not limited to overtime savings, loans from family members or close friends, investments of assets owned and others. (total amount by 4 stockholder) in cash can be a deception, the evaluation in order to start a business is (amount of $ needed to be obtained).

QUESTION: What are the forecasting needs of a seasoned idea start-up and a new idea start up?

At this time, Mr. John Roberts is seeking to sell a 40% interest in the business in exchange for the capital sought in this business plan. The investor(s) will receive a seat on the board of directors and a regular stream of dividends starting in the first year of operations.