One of the questions given to Logan Stout while he was being interviewed on Ideamensch was what is a business idea that he is willing to share with readers of Ideamensch. Mr. Stout said that a business idea that he is willing to give away to the Ideamensch community is to capitalize on the rapidly aging baby boomer population. He says that this age group represents a large part of the population and they are all at or nearing retirement age at the moment.
Logan Stout believes that if somebody could come up with a way to make their lives more enjoyable and better, then they could really make a fortune. He gives the example of the explosion of assisted living and senior citizen housing communities in the USA right now. Mr. Stout suggests targeting this age group’s needs as they hit retirement could be a wise business move as the population of this segment is very high. You already have the customer market in place. All you really need is to find a product or service that they will need or like to use.
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The next question given to Logan Stout on his Ideamensch interview was what did he spend his best $100 on recently and why. Mr. Stout replied that he is not a spender and that he lives his life very simply and frugally. He says he is guided by the mantra of living simply, being generous, loving others and praying constantly. With this guiding philosophy in life, Logan Stout says he really does not require much to be happy and feel fulfilled.
After giving the question some more thought, Logan Stout decided that the best $100 he has recently spent was not on something he bought for himself or someone else. It was rather money that he gave to a young woman to help kick start a non-profit organization. The young woman suffers from an illness, and wants to help others who are suffering from the same disease. Helping this young woman reach out to more people and supporting her own philanthropic effort is the best money he has spent in the past months says Logan Stout.
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