Business Critique of Yoga Center

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Before starting any form of business, a comprehensive layout of a plan needs to be prepared. A business plan is absolutely necessary to evaluate the internal and external factors affecting a business. A business plan should incorporate, in general, all the critical aspects of business that directly or indirectly affect it.
The entire, well laid-out business plans need to have core components in it. The five crucial components of a business plan are:
Executive summary section
Business Section.
Market Analysis Section
Financing Section
Management Section

(Stewart, 2008) http://ezinearticles.com/?Five-Crucial-Components-of-a-Business-Plan&id=12178 All the business plans fail to incorporate these five components in their
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This leads to the Center’s dedication towards customer service.

Products and Services:
Accommodation of the needs of potential customers is a sensitive and necessary issue in any form of business. Since Customer satisfaction and convenience plays a vital role in a business’ proliferation, the products and services should try to accommodate maximum number of customers.
Garden Way Yoga Center is able to provide classes and services to people of all experience and ages. Ranging from a novice to a veteran, it provides services to everyone. In this Center, people can either start to learn or sharpen their skills. It provides six basic courses/instructions entitled to cover a wide customer base. Since this center is a service provider, the main emphasis is on providing Yoga lessons. In addition to this, it aims to establish a piggybacked business in the form of sale of products related to Yoga. Workshop clothing, equipments and other forms of aides will be sold in the premises to ease the process of learning and to encourage customers to practice with correct equipments and techniques.

Market Analysis Summary:
50,000 professionals are presently employed in Downtown Monroe. Although economy is not at its all-time-best, the Yoga Center aims to capitalize on the benefits of Yoga as a stress reliever which is favorable for
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