Assessment Type: New entrepreneurial venture Model & Business Plan – Group Assessment Purpose: This...

Question

Assessment Type: New entrepreneurial venture Model & Business Plan – Group Assessment

Purpose: This assessment allows students the opportunity to present their proposed new venture’s model and business plan. An entrepreneurial venture’s business plan is not like a less entrepreneurial venture’s business plan.

Prepare a Business model and plan for an Australia-based, brand new, for-profit business venture that you might enter into in the future. This should be different from the business idea which has already been used and presented in the group assessment.

• Business Model Canvas (please make the full use of the Business Model Canvas template)
o Key Activities
o Key Resources
o Key Partners
o Revenue Structure
o Cost Structure

Important Note: we have already choose our product which is NOHBOH DROPS but we named it as BUBBLE DROPS. SO please do the assignment based on that product. I will attach our presentation file based on the same product together with this

presentation-enterprenureship-1z3sdlgs.pptx

Pranjal · Accepted Answer

GN44687/GN44687.docx
BUSINESS MODEL CANVAS
Table of Contents
Introduction	3
Business Model Canvas	4
Conclusion	7
Reference	8
Appendices	9
Appendix – 1: Initial Cost	9
Appendix – 2: Income Statement	10
Introduction
The business model canvas may be considered to be an integral part of a business plan document. The said canvas highlights some of the key points of a given business plan of BUBBLE DROPS, a water soluble drop product. The paper highlights five key issues of the plan in the canvas, namely
· Key Activities
· Key Resources
· Key Partners
· Cost Structure and
· Revenue Structure
		Key Activities
		Provide free samples to the regular clients of ten most know parlours. Arrange discounts in the retailer shop for the family members of the selected parlours. 
		
		Contact people who care about environments, places where plastic is banned, samples provide to the small shops in the roadside areas. 
		
		Try to connect people in sea-beach and gym who are health conscious, provide product information transparently, contact with the families having children. Host different events and customers referral program. Business awards can also be arranged for customers who pay online for the first time.
		
		The more people know, more will buy, follow legal and ethical instructions, Provide a better solution in lower costs with a safe and clean environment
Business Model Canvas
		
Key Resources
		End products, water-soluble drops, biodegradable materials
		
		Television advertisements, social media Adds, newspaper, radio broadcast and offline leaflets
		
		Good customer relationship maintenance in Beauty parlours and shopping malls; contacts the end products suppliers for best quality products
		
		The revenue should arrange according to the quality of the advertisements, Social media posts and newspaper will be similar (Chen et al. 2019).

Assessment Type: New entrepreneurial venture Model & Business Plan – Group Assessment Purpose: This assessment allows students the opportunity to present their proposed new venture’s model and...

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