Summary:

Bloom Youth Development (Bloom) was a self-development program for youth aged 6-16 that taught soft skills in an interactive and engaging way over the course of 18 months. Following the success of virtual mindfulness sessions during the COVID-19 pandemic, Nishant Parekh founded Bloom in 2021. The program offered weekly interactive classes and generated revenue through monthly subscriptions while supporting engagement with take-home activity kits and an online community. Although committed to the growth of Bloom, Parekh faced cultural pressure from family members who questioned the long-term stability of the company, making the next strategic decisions critical to its future. To re-establish growth momentum, Parekh needed to determine the most appropriate strategy in order to gain family approval. The alternatives included maintaining the status quo by hiring someone full-time, increasing Google and Facebook advertising, renting a dedicated classroom, delivering programs directly in schools, or selling the business. Students must consider personal and professional goals while completing an analysis of internal and external factors, as well as preparing projected statements, breakeven and net benefit analyses. Students will then recommend the most appropriate course of action for Parekh. This general management case is suitable for an undergraduate, introductory business course.

Bloom Youth Development: Soft-Skill Development for Youth

Author: Alexander (A.J.) Miller

Category:

General Management

Preamble:

This case was written by Jash Kalyani under the supervision of Alexander Miller, with the support from research assistants Sachin Sharma, and Justin Wright, and was edited by Richard Bloomfield and Katie Oates. Final production of this case study was made possible by Ryan Rabie from the Library and Learning Services team at Huron University College. The authors' intent for this material is to be used in a classroom or other management learning settings. Names or other identifying information may be altered to protect confidentiality.

Published 08-03-2023

Copyright

This content is freely available without charge to readers and their institutions. All content is published under the Creative Commons License, Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0). Readers are allowed to read, download, copy, distribute, print, search, or link to the full texts of this case without seeking prior permission from the author(s). (Revised 07-04-2025)

Keywords

Entrepreneurship, Projected Financial Statements, Net Benefit