Business Critique of Yoga Center

After gaining enough knowledge on the types of business structure, business owners can proceed to the process so that their plans of owning a business will turn into reality. After reading several resources, the process will be divided into five stages. The first stage is the planning and research. This involves developing viable business ideas, knowing the target customers and possible competitors, searching for the right location, thinking what will be the business name, and marketing strategy. In this stage, a business plan should be made. Business Link (2016) refers, “business plan as a document that defines why you’re in business, your goals, and how to achieve those goals and it also covers all major aspects of the business, including

The rivalry among existing competitors is strong. It is becoming increasingly harder to develop new and unique products based solely around a small niche activity. There are only so many aspects of yoga that can be explored and that products can be developed to accompany. Although Lululemon was the first, new competitors are seeing the profit to be had in this niche market and are entering with the goal of creating new more creative strategies to compete with Lululemon and take part of their large market share. (Morning Star)

In the economy today every business has a need for a strategic plan. Strategic plans are most vital for small businesses to have a strategic plan because they comprise the majority of local businesses and are more likely not to survive. No matter if the business is small or large it is important to keep this plan updated and evaluated to the businesses current standings. Typically a plan should focus on the following two to three years when it is being created.

A good business plan is the foundation of your entrepreneurial journey. You may have certain liberty in the form and the content of your business plan but you would definitely use the required material.

The outreach yoga program for at risk youth was developed and implemented in September 2014. The program was originated to help the youth develop positive ways to cope with stress, to experience relaxation and to improve their emotional regulation ability through simple exercises, breathing and meditative techniques. The Outreach yoga program takes place on weekly bases in an NDG community readaptation home. The participants are youth between the ages of 13 -17, All participants have been exposed to different

Hagen (2014) proposes yoga as a potential tool for the youth to deal with stress and regulate themselves. According to Hagen (2014):

The first step to starting a business is to create a business plan. A business plan is a document that outlines the overall strategies of a new venture and how those strategies will be implemented (Ebert &

The moment I enter the yoga studio my heartbeat slows and my body immediately morphs into a calmer version of myself. During the few moments that I stand and wait for my class to open I watch as other students silently float about the room around me. Having just finished their class, they now exit with a refreshed outlook on life. Having a dazed yet childlike smile and an overall sense of happiness about him or her, as if they just woke from a much needed yet refreshing yearlong nap. This is why I choose to roll out my mat multiple times a week; to reap the physical, mental and spiritual benefits those 90 minutes of pure bliss, known as yoga, can offer me.

Thesis Statement: I want my audience to be informed about what yoga is, its history, and why it has become so popular in recent years.

A business plan is the core of your business and a must have. It is the roadmap that brings your business idea into a reality. A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. It guides your business from the start- up stage to developing, growing and managing your business. It can also be used to get funding.

A business plan is a road map for a team or business and it can be used, as an eternal tool for potential customers and partners. The business plan should describe in details the entire business venture, technology behind it, the size of the target market, customers, competition, business model, team, financial needs and exit strategy. The business plan gives a company insight and allows them to think things through early enough in the process to ensure they have a well defined venture goals and objectives. It also gives the business direction to a clear path for the team to follow and implement on their venture.

The most important thing is starting a business is having a business plan. This is the only way any bank will approve you for a business loan. [1] Without this business plan, the bank has no way to analyze the business’s performance thus far. The SBA offers a template for how to lay out a business plan. The following is how a good business template should be formatted (from SBA.gov).

Starting a new business is an exciting venture and has its unique mix of challenges and rewards. Many are set-up for failure if no clear goals or measures are established and adhered. According to the Small Business Administration, “Planning is critical to successfully starting and building a business.” The best advice for a new entrepreneur interested in starting a business is to create a solid business plan that outlines the business in its entirety. A well-constructed, written business plan will help owners remain focused on their operations, marketing and financial measures through the duration of the business life. In addition, knowing the risks involved in starting a business can help prevent and minimize mistakes that cause many

It is just not enough to have a great business idea. The idea needs to be worked on shaped properly to the benefit of your targeted customers. It is why you need to come up with a well-researched business plan documenting your product or services target market, competition, branding, and marketing strategies.

Furthermore, the basic start of a business begins with a business plan. “A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume”