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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.

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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.


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