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.
Deborah discovered that she could gather together well-known yoga teachers from all over the world and create an online yoga studio. Customers could become members for much less money than going to a regular studio and learn from the best teachers in the world, not just the local ones.
In her mind this could lead to the downfall of many mediocre yoga studios in her city (and perhaps other cities) and make world-class yoga teachers more available. Plus, the overhead costs would be minimal. She would then pay each teacher a royalty based on the participant volume each one received.
-The next big step Deborah should complete is ________.
A) a business plan
B) to establish an advisory board
C) a feasibility study
D) to meet with venture capitalists
Correct Answer:
Verified
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Q40: There are essentially two descriptions of how
Q41: A business plan _.
A)guides organizational decisions
B)ensures financial
Q42: The most important thing an entrepreneur does
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Q45: The steps in the model for company
Q46: The test whether the entrepreneurial business model
Q47: Two key elements of a feasibility study
Q48: Entrepreneurial start-ups need customer development teams that
Q49: At the heart of every successful entrepreneurial
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