Question

In: Operations Management

The best idea to start a business and perceive an opportunity in serving the rapidly growing...

The best idea to start a business and perceive an opportunity in serving the rapidly growing segment of the US population over 50 is starting yoga class. The class can be given at home on request and premium price or can be arranged in a common place where more people can be gathered. At the age of 50 and after working for 60-80 hours in a week they can get exhausted mentally and physically, that’s why yoga class can help them reliever the stress and will be a great it.

Solutions

Expert Solution

I believe that the most potentially successful business idea for serving people over the age of 50 is to conduct yoga classes because this age group of 50 is generally the most rapidly growing US population at present and therefore as the target audience is large, the probability of achiecing success is also more. Generally individuals over the age of 50 has a greater chance of getting exhausted after a tiring week and that can drain them mentally as well as physically and that is the reason yoga classes can actually work for them in order to provide them with mental and physical peach and satisfaction. Such classes are planned to be at home on person or in a common place involving quite a few individuals and the remuneration will depend based on the type of service requited. For example if the classes are held on person at home then the cost will be higher compared to that conducted in a common place or so. I believe that it is a service that has the potential to succeed depending on the high requirement of such services and even individuals from other age groups can also participate.


Related Solutions

You want to start a business and perceive an opportunity in serving the rapidly growing segment...
You want to start a business and perceive an opportunity in serving the rapidly growing segment of the US population over 50. The service you create must appeal to aging baby boomers 50 years old or older who are still at work (not yet retired) in professional or high-level corporate careers. They work an average of 60 to 80 hours per week and make a minimum $100,000 per year. They like to look good, be social, and stay healthy. Time...
You want to start a business and perceive an opportunity in serving the rapidly growing segment...
You want to start a business and perceive an opportunity in serving the rapidly growing segment of the US population over 50. The service you create must appeal to aging baby boomers 50 years old or older who are still at work (not yet retired) in professional or high-level corporate careers. They work an average of 60 to 80 hours per week and make a minimum $100,000 per year. They like to look good, be social, and stay healthy. Time...
Fork Company is a rapidly growing start-up business. The bookkeeper, who was hired ten months ago,...
Fork Company is a rapidly growing start-up business. The bookkeeper, who was hired ten months ago, left Hong Kong after the company's manager discovered that a large sum of money had disappeared over the past two months. An audit discovered that the bookkeeper had written and signed several checks made payable to his girlfriend and then recorded the checks as salaries expense. The girlfriend, who cashed the checks had never worked for the company, left Hong Kong with the bookkeeper....
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned...
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned about meeting demand for its burritos and burrito bowls during peak lunch hours. Therefore, the firm added a series of workers in a pilot test in their busiest shop in western Ohio. The shop added more and more workers trying to find their most efficient production point given additional workers. The following table depicts their production capabilities between their critical hours of 11:00 a.m....
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned...
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned about meeting demand for its burritos and burrito bowls during peak lunch hours. Therefore, the firm added a series of workers in a pilot test in their busiest shop in western Ohio. The shop added more and more workers trying to find their most efficient production point given additional workers. The following table depicts their production capabilities between their critical hours of 11:00 a.m....
critically analyse the correlation between an idea and an opportunity in establishing a successful business.
critically analyse the correlation between an idea and an opportunity in establishing a successful business.
QUESTION 1 Every business idea is a business opportunity True/ False QUESTION 2 A business concept...
QUESTION 1 Every business idea is a business opportunity True/ False QUESTION 2 A business concept which is feasible is a business opportunity True/ False QUESTION 3 A business concept resales to a gap in the market which is to be filed by an entrepreneur True /False QUESTION 4 An innovation which is continuous marginally destroys the previous product True /False QUESTION 5 An innovation which is dynamically continuous substantially destroys the previous product True /False QUESTION 6 An innovation...
Imagine you are an entrepreneur with a new idea and would like to start a business...
Imagine you are an entrepreneur with a new idea and would like to start a business with your idea, but lack capital. Go to the U.S. Small Business Administration’s Website, located at http://www.sba.gov/content/sbic-program, and read about the Small Business Investment Companies (SBIC) Program. Also, explore the Website for information regarding sources available for providing venture capital. Provide an overview (two to three paragraphs) of your start-up company. In the overview of your company, describe its products, historical financial performance, major...
Business idea is Spirulina: Spirulina is a micro-algae and as such has been growing naturally in...
Business idea is Spirulina: Spirulina is a micro-algae and as such has been growing naturally in our environment for millions of years, it is a tough plant able to withstand harsh growing conditions, in fact the micro-algae cell never really dies it goes dormant when weather conditions are not favorable, and as soon as these change and the environment is once again suitable for growth, spirulina begins growing and reproducing again. Naturally growing spirulina can be found in high alkaline...
Select a challenge or an opportunity that you perceive to be quite a demanding one for...
Select a challenge or an opportunity that you perceive to be quite a demanding one for today's managers, Write a Reflection Essay that expresses your reasoning and, Include a link to a current news article that supports your argument. Your post should be a minimum of 450 Words with reference cited.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT