Launching an On-Line Yoga Studio (Scenario)
Deborah was thinking about what it would take to launch her new business. Like many entrepreneurs, she had an idea and wanted to get started but really did not know where to begin—not to mention experiencing both the normal excitement and fear of launching a new enterprise.
-As Deborah contemplates the possibility of launching her venture,she is likely to get caught up in the excitement of the startup.Fortunately she is getting good advice and is thinking about the three key facets of operating a new business: managing the various processes of the venture; managing people; and ________.

Question

Quizplus · Accepted Answer

Managing the venture's growth is crucial for any new business, including Deborah's on-line yoga studio. She will need to plan for and manage growth in terms of increasing her customer base, expanding her offerings, and potentially hiring additional staff or instructors. While managing the expectations of financial backers, competitive pressures, and the marketplace are all important considerations, they are not as directly related to managing the growth of the business.