Question
Develop a detailed business model that deconstructs a small cafe and the target market are students and employees. Identify the critical success factors that make
Develop a detailed business model that deconstructs a small cafe and the target market are students and employees. Identify the critical success factors that make the business sustainable. Your analysis will demonstrate your critical thinking skills and your ability to professionally articulate your findings.
Structure for Completing the Business Model:
There are main components in the business model template you will need to complete these sections based on your unique business idea for an entrepreneurial startup:
1. Key Partners: The strategic relationships your business creates between other companies or people. List of key partners, suppliers, resources required of each key partner.
2. Key Activities: Activities or tasks that are integral to operating your company. List of key activities with data on needs to achieve key activities for markets. Detailed tasks for manufacturing, technology, supply chain and other activities specific to product/service.
3. Key Resources: Assets that are required to operate and deliver your company's value proposition. List of resources and sorted by prioritization by market segments.
4. Value Propositions: The fundamental need that your company is trying to fulfill for its customers. Why your company exists. Specific customer problems cited and needs with extensive back up data to show. Market potential. Specific key features of product that match the customers problems/needs.
5. Customer Relationships: The type of interactions your company has with its customers and the level of support it gives. What is the Plan to attract, keep and grow customers with specific benchmarks? Specific understanding of the complete customer relationship needs.
6. Channels: Different methods that your company uses to deliver its products and value proposition to customers. Research of B2B/B2C channels of distribution with citations for each specific and alternative channels.
7. Customer Segments: The different groups of customers that your company interacts with. Show Understanding of specific customers in specific market segments. Specific business model for each market segment.
8. Cost Structure: How a company spends money on operations. The key costs and level of cost-focus for your company. Explanation of critical costs for product/service market segments. Complete detailed fixed and variable for a startup or in house resource requirement by market segment.
9. Revenue Streams: Your Company's sources of cash flows. Show understanding of the profit stream for the product/service in the markets. A complete revenue model based on the customer segments. Specific pricing tactics for each customer segment.
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